New Residential Investment (NRZ) Reports Q4 EPS of $0.52
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New Residential Investment (NRZ) Remains a Favorite of FBR Capital Post 4Q Report; Reiterates Outperform
February 25, 2016 7:01 AM ESTFBR Capital maintained an Outperform rating on New Residential Investment (NYSE: NRZ), and cut the price target to $15.50 (from $21.00), following the company's 4Q. Management made it clear that capital preservation is a priority over an increased dividend and share repurchases, at least in the near term. FBR sees this as a smart decision, despite likely investor disappointment. New Residential Investment Corp. remains one of FBR's top picks.
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