ClariVest Asset Management LLC reduced its position in New Residential Inv (NYSE:NRZ) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 496,767 shares of the real estate investment trust’s stock after selling 8,300 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.15% of New Residential Inv worth $8,172,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Telemus Capital LLC increased its holdings in New Residential Inv by 12.4% in the fourth quarter. Telemus Capital LLC now owns 394,620 shares of the real estate investment trust’s stock valued at $7,056,000 after buying an additional 43,650 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in New Residential Inv in the fourth quarter valued at about $383,000. Teacher Retirement System of Texas increased its holdings in New Residential Inv by 314.8% in the fourth quarter. Teacher Retirement System of Texas now owns 105,340 shares of the real estate investment trust’s stock valued at $1,883,000 after buying an additional 79,947 shares during the last quarter. EnTrustPermal Partners Offshore LP bought a new stake in New Residential Inv in the fourth quarter valued at about $2,995,000. Finally, Bank of Montreal Can increased its holdings in New Residential Inv by 535.6% in the fourth quarter. Bank of Montreal Can now owns 2,640,397 shares of the real estate investment trust’s stock valued at $47,210,000 after buying an additional 2,225,000 shares during the last quarter. 48.02% of the stock is owned by hedge funds and other institutional investors.

Shares of New Residential Inv opened at $18.01 on Friday, MarketBeat.com reports. New Residential Inv has a 52 week low of $18.00 and a 52 week high of $18.07. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 6.36 and a beta of 0.90.

New Residential Inv (NYSE:NRZ) last issued its earnings results on Friday, April 27th. The real estate investment trust reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $259.19 million during the quarter, compared to the consensus estimate of $185.89 million. New Residential Inv had a return on equity of 18.15% and a net margin of 89.43%. During the same period in the previous year, the firm posted $0.54 earnings per share. equities research analysts predict that New Residential Inv will post 2.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Monday, April 2nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $2.00 annualized dividend and a dividend yield of 11.10%. New Residential Inv’s dividend payout ratio is presently 70.67%.

NRZ has been the subject of a number of research reports. Vetr downgraded New Residential Inv from a “strong-buy” rating to a “buy” rating and set a $18.60 target price for the company. in a research note on Monday, March 12th. B. Riley set a $19.00 target price on New Residential Inv and gave the company a “buy” rating in a research note on Tuesday, February 13th. ValuEngine downgraded New Residential Inv from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded New Residential Inv from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Finally, Wedbush upgraded New Residential Inv from a “neutral” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Thursday, January 18th. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.01.

New Residential Inv 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.

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

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