Swift Run Capital Management LLC reduced its position in shares of New Residential Investment Corp. (NYSE:NRZ) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 345,622 shares of the real estate investment trust’s stock after selling 8,365 shares during the period. New Residential Investment Corp. accounts for approximately 3.1% of Swift Run Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Swift Run Capital Management LLC’s holdings in New Residential Investment Corp. were worth $5,378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NRZ. Wells Fargo & Company MN increased its position in New Residential Investment Corp. by 58.7% in the first quarter. Wells Fargo & Company MN now owns 1,413,015 shares of the real estate investment trust’s stock worth $23,993,000 after buying an additional 522,706 shares during the period. Telemus Capital LLC increased its position in New Residential Investment Corp. by 11.6% in the first quarter. Telemus Capital LLC now owns 262,745 shares of the real estate investment trust’s stock worth $4,461,000 after buying an additional 27,390 shares during the period. Suntrust Banks Inc. increased its position in New Residential Investment Corp. by 6.8% in the first quarter. Suntrust Banks Inc. now owns 47,874 shares of the real estate investment trust’s stock worth $811,000 after buying an additional 3,051 shares during the period. Creative Planning increased its position in New Residential Investment Corp. by 12.2% in the first quarter. Creative Planning now owns 58,822 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 6,386 shares during the period. Finally, Penn Mutual Life Insurance Co. increased its position in New Residential Investment Corp. by 102.1% in the first quarter. Penn Mutual Life Insurance Co. now owns 380,000 shares of the real estate investment trust’s stock worth $6,335,000 after buying an additional 192,000 shares during the period. 55.01% of the stock is currently owned by institutional investors.

Shares of New Residential Investment Corp. (NRZ) opened at 16.59 on Tuesday. New Residential Investment Corp. has a 1-year low of $13.30 and a 1-year high of $17.86. The firm has a market cap of $5.10 billion, a P/E ratio of 5.89 and a beta of 1.02. The firm has a 50 day moving average price of $16.09 and a 200 day moving average price of $16.43.

New Residential Investment Corp. (NYSE:NRZ) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.48. New Residential Investment Corp. had a net margin of 55.85% and a return on equity of 19.02%. The firm had revenue of $356.80 million for the quarter, compared to analyst estimates of $202.40 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. Analysts anticipate that New Residential Investment Corp. will post $2.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 3rd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.06%. The ex-dividend date of this dividend was Thursday, June 29th. This is a positive change from New Residential Investment Corp.’s previous quarterly dividend of $0.48. New Residential Investment Corp.’s dividend payout ratio is currently 72.20%.

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Several analysts recently commented on NRZ shares. ValuEngine downgraded New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research downgraded New Residential Investment Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, July 5th. FBR & Co reaffirmed an “outperform” rating and set a $17.50 price objective on shares of New Residential Investment Corp. in a research note on Sunday, April 23rd. BidaskClub downgraded New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Vetr downgraded New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.58 price objective on the stock. in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. New Residential Investment Corp. presently has a consensus rating of “Buy” and an average price target of $16.62.

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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