Xact Kapitalforvaltning AB increased its stake in shares of New Residential Investment Corp (NYSE:NRZ) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,994 shares of the real estate investment trust’s stock after purchasing an additional 10,800 shares during the period. Xact Kapitalforvaltning AB’s holdings in New Residential Investment were worth $767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NRZ. Vanguard Group Inc. lifted its holdings in New Residential Investment by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 29,420,296 shares of the real estate investment trust’s stock worth $524,269,000 after buying an additional 777,682 shares in the last quarter. Vanguard Group Inc boosted its position in shares of New Residential Investment by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 29,420,296 shares of the real estate investment trust’s stock valued at $524,269,000 after purchasing an additional 777,682 shares in the last quarter. BlackRock Inc. boosted its position in shares of New Residential Investment by 3.9% during the 3rd quarter. BlackRock Inc. now owns 20,782,351 shares of the real estate investment trust’s stock valued at $370,342,000 after purchasing an additional 779,586 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. boosted its position in shares of New Residential Investment by 35.0% during the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 14,811,133 shares of the real estate investment trust’s stock valued at $263,934,000 after purchasing an additional 3,843,970 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of New Residential Investment by 87.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 7,103,965 shares of the real estate investment trust’s stock valued at $100,946,000 after purchasing an additional 3,318,765 shares in the last quarter. Hedge funds and other institutional investors own 53.96% of the company’s stock.

Shares of New Residential Investment stock traded up $0.02 during mid-day trading on Monday, hitting $16.76. The stock had a trading volume of 34,469 shares, compared to its average volume of 2,931,117. New Residential Investment Corp has a 12-month low of $13.86 and a 12-month high of $18.75. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 7.31 and a beta of 1.10.

The company also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Monday, December 31st were paid a $0.50 dividend. The ex-dividend date was Friday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 11.93%. New Residential Investment’s dividend payout ratio (DPR) is 70.67%.

Several equities analysts have recently weighed in on NRZ shares. Zacks Investment Research lowered shares of New Residential Investment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Credit Suisse Group reissued a “buy” rating and set a $18.00 price objective on shares of New Residential Investment in a report on Friday, January 4th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.48.

TRADEMARK VIOLATION NOTICE: “New Residential Investment Corp (NRZ) Shares Bought by Xact Kapitalforvaltning AB” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.watchlistnews.com/new-residential-investment-corp-nrz-shares-bought-by-xact-kapitalforvaltning-ab/2813193.html.

About New Residential Investment

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.

Featured Story: Risk Tolerance

Want to see what other hedge funds are holding NRZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Residential Investment Corp (NYSE:NRZ).

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

Receive News & Ratings for New Residential Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Residential Investment and related companies with MarketBeat.com's FREE daily email newsletter.