Quantitative Systematic Strategies LLC increased its holdings in New Residential Investment Corp (NYSE:NRZ) by 91.8% in the 4th quarter, HoldingsChannel reports. The fund owned 52,239 shares of the real estate investment trust’s stock after buying an additional 25,003 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in New Residential Investment were worth $934,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NRZ. Bank of Montreal Can increased its stake in shares of New Residential Investment by 535.6% in the 4th quarter. Bank of Montreal Can now owns 2,640,397 shares of the real estate investment trust’s stock worth $47,210,000 after acquiring an additional 2,225,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of New Residential Investment by 211.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,147,579 shares of the real estate investment trust’s stock worth $33,416,000 after acquiring an additional 1,457,525 shares in the last quarter. Yorktown Management & Research Co Inc bought a new position in shares of New Residential Investment in the 3rd quarter worth about $20,913,000. Assetmark Inc. increased its stake in shares of New Residential Investment by 11,974.7% in the 3rd quarter. Assetmark Inc. now owns 693,815 shares of the real estate investment trust’s stock worth $11,608,000 after acquiring an additional 688,069 shares in the last quarter. Finally, Chicago Equity Partners LLC increased its stake in shares of New Residential Investment by 166.6% in the 3rd quarter. Chicago Equity Partners LLC now owns 1,053,610 shares of the real estate investment trust’s stock worth $17,627,000 after acquiring an additional 658,360 shares in the last quarter. Institutional investors own 45.11% of the company’s stock.

NRZ has been the subject of several research reports. Zacks Investment Research lowered shares of New Residential Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Barclays increased their price target on shares of New Residential Investment from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 24th. FBR & Co reiterated a “buy” rating and issued a $17.50 price target on shares of New Residential Investment in a research note on Monday, October 9th. Vetr lowered shares of New Residential Investment from a “buy” rating to a “hold” rating and set a $17.72 price target for the company. in a research note on Monday, October 9th. Finally, Wedbush upgraded shares of New Residential Investment from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.53.

Shares of New Residential Investment Corp (NYSE:NRZ) opened at $17.10 on Friday. New Residential Investment Corp has a 1 year low of $15.04 and a 1 year high of $18.43. The company has a market cap of $5,260.00, a PE ratio of 5.53 and a beta of 0.92.

New Residential Investment (NYSE:NRZ) last announced its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. The company had revenue of $331.38 million for the quarter, compared to the consensus estimate of $291.66 million. During the same period in the prior year, the firm posted $0.51 EPS. New Residential Investment’s revenue for the quarter was up 72.1% on a year-over-year basis. analysts anticipate that New Residential Investment Corp will post 2.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 11.70%. The ex-dividend date of this dividend was Thursday, December 28th. 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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