Skandinaviska Enskilda Banken AB publ raised its stake in shares of New Residential Investment Corp (NYSE:NRZ) by 61.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 521,250 shares of the real estate investment trust’s stock after acquiring an additional 198,700 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.17% of New Residential Investment worth $8,721,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. TCI Wealth Advisors Inc. raised its holdings in shares of New Residential Investment by 203.0% in the third quarter. TCI Wealth Advisors Inc. now owns 6,060 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 4,060 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of New Residential Investment by 9.6% in the second quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 629 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of New Residential Investment by 8.4% in the second quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 593 shares during the last quarter. Ffcm LLC raised its holdings in shares of New Residential Investment by 673.4% in the third quarter. Ffcm LLC now owns 6,976 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 6,074 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of New Residential Investment in the second quarter valued at about $150,000. 48.66% of the stock is owned by institutional investors.

Shares of New Residential Investment Corp (NYSE NRZ) opened at $17.74 on Friday. The company has a market capitalization of $5,437.22, a PE ratio of 6.25, a P/E/G ratio of 6.61 and a beta of 1.02. New Residential Investment Corp has a 12-month low of $15.03 and a 12-month high of $18.00.

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, topping the Zacks’ consensus estimate 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 19.38% and a net margin of 60.06%. The company’s revenue was up 72.1% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. equities research analysts expect that New Residential Investment Corp will post 2.68 EPS for the current fiscal year.

A number of research firms recently issued reports on NRZ. B. Riley reaffirmed a “buy” rating on shares of New Residential Investment in a report on Wednesday, November 1st. ValuEngine raised New Residential Investment from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd. Vetr raised New Residential Investment from a “hold” rating to a “buy” rating and set a $17.72 price target for the company in a report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.00 price target on shares of New Residential Investment in a report on Thursday, September 14th. Finally, Zacks Investment Research raised New Residential Investment from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Two research 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. The stock presently has an average rating of “Buy” and a consensus price target of $18.09.

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New Residential Investment 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 (NYSE:NRZ)

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