Pacer Advisors Inc. boosted its stake in New Residential Investment Corp (NYSE:NRZ) by 17.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,008 shares of the real estate investment trust’s stock after purchasing an additional 7,272 shares during the quarter. Pacer Advisors Inc.’s holdings in New Residential Investment were worth $820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NRZ. Bank of New York Mellon Corp increased its holdings in shares of New Residential Investment by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 2,872,643 shares of the real estate investment trust’s stock worth $48,058,000 after acquiring an additional 32,892 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of New Residential Investment by 211.2% during the second quarter. Goldman Sachs Group Inc. now owns 2,147,579 shares of the real estate investment trust’s stock worth $33,416,000 after buying an additional 1,457,525 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of New Residential Investment by 2,526.4% during the second quarter. BNP Paribas Arbitrage SA now owns 1,365,991 shares of the real estate investment trust’s stock worth $21,255,000 after buying an additional 1,313,980 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of New Residential Investment by 56.0% during the third quarter. First Trust Advisors LP now owns 1,346,443 shares of the real estate investment trust’s stock worth $22,526,000 after buying an additional 483,316 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of New Residential Investment by 0.9% during the second quarter. FMR LLC now owns 1,113,550 shares of the real estate investment trust’s stock worth $17,327,000 after buying an additional 10,338 shares in the last quarter. Institutional investors and hedge funds own 48.98% of the company’s stock.

NRZ has been the subject of a number of research reports. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 price objective on shares of New Residential Investment in a report on Sunday, August 27th. FBR & Co reiterated a “buy” rating and set a $17.50 price objective on shares of New Residential Investment in a report on Monday, October 9th. Barclays PLC increased their price objective on New Residential Investment from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, October 24th. Vetr raised New Residential Investment from a “hold” rating to a “buy” rating and set a $17.75 price target for the company in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised New Residential Investment from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $17.93.

New Residential Investment Corp (NYSE:NRZ) traded down $0.11 on Monday, hitting $17.83. The stock had a trading volume of 1,122,200 shares, compared to its average volume of 3,776,017. New Residential Investment Corp has a 52 week low of $15.03 and a 52 week high of $18.00. The firm has a market capitalization of $5,480.25, a PE ratio of 6.30, a price-to-earnings-growth ratio of 6.68 and a beta of 1.04.

New Residential Investment (NYSE:NRZ) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. New Residential Investment had a return on equity of 20.16% and a net margin of 50.72%. The company had revenue of $331.38 million during the quarter, compared to analysts’ expectations of $291.66 million. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue was up 72.1% on a year-over-year basis. equities analysts forecast that New Residential Investment Corp will post 2.67 earnings per share for the current year.

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New Residential Investment Company Profile

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 (NYSE:NRZ)

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