Rhumbline Advisers boosted its stake in New Residential Investment Corp. (NYSE:NRZ) by 6.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 297,241 shares of the real estate investment trust’s stock after buying an additional 18,327 shares during the period. Rhumbline Advisers owned approximately 0.13% of New Residential Investment Corp. worth $4,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of New Residential Investment Corp. by 29.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 97,387 shares of the real estate investment trust’s stock valued at $1,348,000 after buying an additional 22,315 shares during the period. Cedar Capital LLC boosted its position in shares of New Residential Investment Corp. by 1.8% in the second quarter. Cedar Capital LLC now owns 582,998 shares of the real estate investment trust’s stock valued at $8,069,000 after buying an additional 10,562 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of New Residential Investment Corp. by 58.3% in the second quarter. PNC Financial Services Group Inc. now owns 10,737 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 3,954 shares during the period. Phoenix Investment Adviser LLC purchased a new position in shares of New Residential Investment Corp. during the second quarter valued at about $1,093,000. Finally, GSA Capital Partners LLP purchased a new position in shares of New Residential Investment Corp. during the second quarter valued at about $271,000. 55.23% of the stock is currently owned by institutional investors.

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

Shares of New Residential Investment Corp. (NYSE:NRZ) traded down 0.31% during mid-day trading on Friday, reaching $15.97. The company’s stock had a trading volume of 698,391 shares. The stock has a market cap of $4.00 billion, a P/E ratio of 9.75 and a beta of 0.97. The stock has a 50 day moving average of $15.88 and a 200-day moving average of $14.42. New Residential Investment Corp. has a one year low of $9.09 and a one year high of $16.43.

New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. New Residential Investment Corp. had a net margin of 38.93% and a return on equity of 15.13%. During the same quarter last year, the firm posted $0.49 EPS. On average, equities research analysts expect that New Residential Investment Corp. will post $2.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 11.49%. The ex-dividend date of this dividend is Wednesday, December 28th. New Residential Investment Corp.’s payout ratio is presently 112.20%.

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Several brokerages recently issued reports on NRZ. Zacks Investment Research cut New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Barclays PLC set a $16.00 price objective on New Residential Investment Corp. and gave the stock a “buy” rating in a research note on Saturday, November 19th. TheStreet raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, November 15th. Nomura assumed coverage on New Residential Investment Corp. in a research report on Wednesday, October 26th. They set a “neutral” rating on the stock. Finally, FBR & Co reaffirmed a “buy” rating on shares of New Residential Investment Corp. in a research report on Thursday, November 3rd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.88.

In other news, Director Andrew Sloves purchased 13,200 shares of New Residential Investment Corp. stock in a transaction dated Friday, November 11th. The shares were purchased at an average price of $14.22 per share, with a total value of $187,704.00. Following the transaction, the director now owns 700 shares in the company, valued at $9,954. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.00% of the company’s stock.

New Residential Investment Corp. Company Profile

New Residential Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing in, and managing, investments related to residential real estate. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate.

5 Day Chart for NYSE:NRZ

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