New Residential Investment Corp (NRZ) Stake Lifted by Ffcm LLC

Ffcm LLC increased its stake in New Residential Investment Corp (NYSE:NRZ) by 1,899.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,174 shares of the real estate investment trust’s stock after acquiring an additional 31,515 shares during the period. Ffcm LLC’s holdings in New Residential Investment were worth $592,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of New Residential Investment by 3.9% in the 3rd quarter. BlackRock Inc. now owns 20,782,351 shares of the real estate investment trust’s stock valued at $370,342,000 after acquiring an additional 779,586 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of New Residential Investment by 13.5% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 34,284 shares of the real estate investment trust’s stock valued at $611,000 after acquiring an additional 4,066 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of New Residential Investment by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,024,110 shares of the real estate investment trust’s stock valued at $53,890,000 after acquiring an additional 9,874 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of New Residential Investment by 26.6% in the 3rd quarter. Janus Henderson Group PLC now owns 165,585 shares of the real estate investment trust’s stock valued at $2,951,000 after acquiring an additional 34,774 shares in the last quarter. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of New Residential Investment in the 3rd quarter valued at approximately $284,000. Institutional investors and hedge funds own 53.81% of the company’s stock.

Shares of NYSE:NRZ opened at $16.77 on Friday. New Residential Investment Corp has a 52 week low of $15.24 and a 52 week high of $18.75. The company has a market capitalization of $5.69 billion, a P/E ratio of 5.93, a PEG ratio of 7.12 and a beta of 0.87.

New Residential Investment (NYSE:NRZ) last released its earnings results on Thursday, October 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.09. New Residential Investment had a net margin of 79.22% and a return on equity of 14.35%. The company had revenue of $262.72 million during the quarter, compared to the consensus estimate of $231.40 million. As a group, research analysts forecast that New Residential Investment Corp will post 2.35 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Monday, October 1st were given a $0.50 dividend. The ex-dividend date was Friday, September 28th. This represents a $2.00 dividend on an annualized basis and a yield of 11.93%. New Residential Investment’s payout ratio is 70.67%.

Several equities research analysts recently commented on NRZ shares. Zacks Investment Research upgraded shares of New Residential Investment from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, October 26th. Raymond James started coverage on shares of New Residential Investment in a research report on Friday, October 5th. They issued an “outperform” rating and a $20.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. New Residential Investment currently has a consensus rating of “Buy” and an average price target of $19.81.

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New Residential Investment Company Profile

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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