Cipher Capital LP lessened its stake in shares of New Residential Investment Corp. (NYSE:NRZ) by 71.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,041 shares of the real estate investment trust’s stock after selling 124,570 shares during the period. Cipher Capital LP’s holdings in New Residential Investment Corp. were worth $837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NRZ. Goldman Sachs Group Inc. increased its holdings in New Residential Investment Corp. 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 during the last quarter. BNP Paribas Arbitrage SA increased its holdings in New Residential Investment Corp. 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 during the last quarter. Samlyn Capital LLC purchased a new position in shares of New Residential Investment Corp. in the second quarter worth about $12,201,000. Chicago Equity Partners LLC increased its stake in shares of New Residential Investment Corp. by 166.6% in the third quarter. Chicago Equity Partners LLC now owns 1,053,610 shares of the real estate investment trust’s stock worth $17,627,000 after purchasing an additional 658,360 shares in the last quarter. Finally, HAP Trading LLC increased its stake in shares of New Residential Investment Corp. by 105.0% in the third quarter. HAP Trading LLC now owns 27,241 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 571,554 shares in the last quarter. Institutional investors and hedge funds own 48.98% of the company’s stock.

New Residential Investment Corp. (NYSE:NRZ) traded down $0.11 on Friday, hitting $17.83. 1,122,240 shares of the stock traded hands, compared to its average volume of 2,184,824. The stock has a market capitalization of $5,514.06, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 6.73 and a beta of 1.04. New Residential Investment Corp. has a 52-week low of $15.03 and a 52-week high of $18.00.

New Residential Investment Corp. (NYSE:NRZ) last posted its earnings results 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 net margin of 60.06% and a return on equity of 19.38%. The firm had revenue of $331.38 million during the quarter, compared to the consensus estimate of $291.66 million. During the same quarter last year, the company earned $0.51 earnings per share. The company’s revenue was up 72.1% on a year-over-year basis. analysts anticipate that New Residential Investment Corp. will post 2.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Monday, October 2nd were given a $0.50 dividend. The ex-dividend date was Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.22%. New Residential Investment Corp.’s dividend payout ratio (DPR) is currently 64.72%.

Several equities analysts have recently weighed in on NRZ shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.00 target price on shares of New Residential Investment Corp. in a research note on Thursday, August 3rd. Vetr upgraded shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.14 target price for the company in a research note on Wednesday, September 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $18.00 target price on shares of New Residential Investment Corp. in a research note on Sunday, August 27th. ValuEngine downgraded shares of New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 15th. Finally, BidaskClub upgraded shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. New Residential Investment Corp. presently has an average rating of “Buy” and an average target price of $17.93.

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New Residential Investment Corp. 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.

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

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