American Century Companies Inc. Buys 7,754 Shares of New Residential Investment Corp (NRZ)

American Century Companies Inc. grew its stake in New Residential Investment Corp (NYSE:NRZ) by 45.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,811 shares of the real estate investment trust’s stock after buying an additional 7,754 shares during the period. American Century Companies Inc.’s holdings in New Residential Investment were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of New Residential Investment by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 2,881,995 shares of the real estate investment trust’s stock valued at $51,530,000 after buying an additional 145,935 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of New Residential Investment by 5.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,349,835 shares of the real estate investment trust’s stock valued at $42,015,000 after buying an additional 115,163 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of New Residential Investment by 6.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,849,926 shares of the real estate investment trust’s stock valued at $33,077,000 after buying an additional 114,960 shares during the period. American Assets Capital Advisers LLC increased its stake in shares of New Residential Investment by 25.0% in the first quarter. American Assets Capital Advisers LLC now owns 1,849,100 shares of the real estate investment trust’s stock valued at $30,418,000 after buying an additional 369,596 shares during the period. Finally, Investec Asset Management LTD increased its stake in shares of New Residential Investment by 26.9% in the fourth quarter. Investec Asset Management LTD now owns 1,824,120 shares of the real estate investment trust’s stock valued at $32,615,000 after buying an additional 386,715 shares during the period. 53.29% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the company. Vetr cut New Residential Investment from a “strong-buy” rating to a “buy” rating and set a $18.60 price target for the company. in a research note on Tuesday, March 6th. Zacks Investment Research raised New Residential Investment from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. B. Riley set a $19.00 price target on New Residential Investment and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, ValuEngine cut New Residential Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. New Residential Investment has a consensus rating of “Buy” and an average target price of $19.01.

New Residential Investment opened at $17.88 on Friday, according to MarketBeat.com. New Residential Investment Corp has a one year low of $15.04 and a one year high of $18.43. The company has a market cap of $6.09 billion, a P/E ratio of 6.32 and a beta of 0.90.

New Residential Investment (NYSE:NRZ) last released its earnings results on Friday, April 27th. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. New Residential Investment had a return on equity of 18.15% and a net margin of 89.43%. The business had revenue of $259.19 million during the quarter, compared to analysts’ expectations of $185.89 million. During the same quarter last year, the firm posted $0.54 earnings per share. analysts forecast that New Residential Investment Corp will post 2.29 EPS for the current fiscal year.

About New Residential Investment

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.

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Institutional Ownership by Quarter for New Residential Investment (NYSE:NRZ)

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