Quantbot Technologies LP purchased a new stake in shares of New Residential Investment Corp (NYSE:NRZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,112 shares of the real estate investment trust’s stock, valued at approximately $520,000.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in New Residential Investment by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 2,872,643 shares of the real estate investment trust’s stock valued at $48,058,000 after purchasing an additional 32,892 shares during the period. Goldman Sachs Group Inc. grew its holdings in 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 valued at $33,416,000 after purchasing an additional 1,457,525 shares during the period. BNP Paribas Arbitrage SA grew its holdings in 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 valued at $21,255,000 after purchasing an additional 1,313,980 shares during the period. First Trust Advisors LP grew its holdings in 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 valued at $22,526,000 after purchasing an additional 483,316 shares during the period. Finally, FMR LLC grew its holdings in 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 valued at $17,327,000 after purchasing an additional 10,338 shares during the period. 48.98% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on NRZ. FBR & Co reissued a “buy” rating and set a $19.25 price target on shares of New Residential Investment in a report on Monday, October 30th. B. Riley reissued a “buy” rating on shares of New Residential Investment in a report on Wednesday, November 1st. Zacks Investment Research lowered New Residential Investment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays PLC boosted their price target on New Residential Investment from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, October 24th. Finally, Vetr lowered New Residential Investment from a “buy” rating to a “hold” rating and set a $17.72 price objective for the company. in a research note on Monday, October 9th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $17.93.

New Residential Investment Corp (NYSE:NRZ) opened at $17.83 on Friday. The firm has a market capitalization of $5,480.25, a PE ratio of 6.30, a PEG ratio of 6.68 and a beta of 1.04. New Residential Investment Corp has a one year low of $15.03 and a one year high of $18.00.

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 for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $331.38 million during the quarter, compared to analyst estimates of $291.66 million. New Residential Investment had a return on equity of 20.16% and a net margin of 50.72%. The business’s quarterly revenue was up 72.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. equities analysts predict that New Residential Investment Corp will post 2.67 earnings per share for the current fiscal year.

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

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About New Residential Investment

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 (NYSE:NRZ)

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