Canada Pension Plan Investment Board lifted its position in New Residential Investment Corp. (NYSE:NRZ) by 327.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 470,800 shares of the real estate investment trust’s stock after purchasing an additional 360,700 shares during the quarter. Canada Pension Plan Investment Board owned 0.15% of New Residential Investment Corp. worth $7,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of New Residential Investment Corp. by 63.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 155,034 shares of the real estate investment trust’s stock worth $2,412,000 after purchasing an additional 60,175 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of New Residential Investment Corp. by 19.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 25,156 shares of the real estate investment trust’s stock worth $421,000 after purchasing an additional 4,135 shares in the last quarter. Utah Retirement Systems purchased a new position in shares of New Residential Investment Corp. in the 2nd quarter worth about $874,000. Swiss National Bank boosted its holdings in shares of New Residential Investment Corp. by 3.2% in the 2nd quarter. Swiss National Bank now owns 511,905 shares of the real estate investment trust’s stock worth $7,965,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Chicago Equity Partners LLC boosted its holdings in shares of New Residential Investment Corp. by 139.0% in the 2nd quarter. Chicago Equity Partners LLC now owns 395,250 shares of the real estate investment trust’s stock worth $6,150,000 after purchasing an additional 229,885 shares in the last quarter. Hedge funds and other institutional investors own 47.97% of the company’s stock.

NRZ has been the subject of several analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $18.00 target price on shares of New Residential Investment Corp. in a report on Sunday, August 27th. Barclays PLC increased their target price on New Residential Investment Corp. from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, October 24th. FBR & Co restated a “buy” rating and set a $17.50 target price on shares of New Residential Investment Corp. in a report on Monday, October 9th. Vetr cut New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.14 target price for the company. in a report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded New Residential Investment Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $17.93.

Shares of New Residential Investment Corp. (NYSE:NRZ) opened at $17.27 on Monday. New Residential Investment Corp. has a fifty-two week low of $14.09 and a fifty-two week high of $17.91. The firm has a market capitalization of $5,308.13, a PE ratio of 6.10, a P/E/G ratio of 6.47 and a beta of 1.04.

New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. New Residential Investment Corp. had a return on equity of 19.38% and a net margin of 60.06%. The business had revenue of $331.38 million during the quarter, compared to analysts’ expectations of $291.66 million. During the same quarter last year, the business posted $0.51 EPS. The business’s revenue was up 72.1% on a year-over-year basis. analysts forecast that New Residential Investment Corp. will post 2.67 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Monday, October 2nd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 11.58%. The ex-dividend date was Friday, September 29th. New Residential Investment Corp.’s dividend payout ratio (DPR) is currently 64.72%.

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About New Residential Investment Corp.

New Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company’s segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.

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

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