Cambridge Investment Research Advisors Inc. lifted its holdings in New Residential Investment Corp (NYSE:NRZ) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 233,682 shares of the real estate investment trust’s stock after purchasing an additional 5,624 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 0.07% of New Residential Investment worth $4,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of New Residential Investment by 18.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,053 shares of the real estate investment trust’s stock valued at $330,000 after purchasing an additional 3,177 shares during the period. Nisa Investment Advisors LLC boosted its position in New Residential Investment by 14.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 26,800 shares of the real estate investment trust’s stock worth $469,000 after acquiring an additional 3,400 shares during the last quarter. State of Wisconsin Investment Board boosted its position in New Residential Investment by 5.7% during the 1st quarter. State of Wisconsin Investment Board now owns 66,483 shares of the real estate investment trust’s stock worth $1,094,000 after acquiring an additional 3,584 shares during the last quarter. US Bancorp DE boosted its position in New Residential Investment by 21.5% during the 1st quarter. US Bancorp DE now owns 20,767 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 3,669 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in New Residential Investment by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 28,914 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 4,103 shares during the last quarter. Institutional investors and hedge funds own 52.45% of the company’s stock.

In other New Residential Investment news, CEO Michael Nierenberg sold 339,177 shares of the company’s stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $18.30, for a total transaction of $6,206,939.10. Following the completion of the transaction, the chief executive officer now owns 2,085,352 shares of the company’s stock, valued at approximately $38,161,941.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.93% of the company’s stock.

A number of equities analysts have weighed in on the company. Barclays upped their price target on New Residential Investment from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised New Residential Investment from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, July 25th. Finally, ValuEngine downgraded New Residential Investment from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $19.59.

NYSE:NRZ opened at $18.55 on Wednesday. New Residential Investment Corp has a twelve month low of $15.24 and a twelve month high of $18.74. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 6.55 and a beta of 0.94.

New Residential Investment (NYSE:NRZ) last released its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. New Residential Investment had a return on equity of 14.85% and a net margin of 83.31%. The firm had revenue of $269.89 million during the quarter, compared to the consensus estimate of $130.70 million. During the same quarter in the prior year, the firm posted $1.03 EPS. sell-side analysts expect that New Residential Investment Corp will post 2.29 earnings per share for the current year.

New Residential Investment 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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