Virginia Retirement Systems ET AL reduced its position in shares of New Residential Investment Corp. (NYSE:NRZ) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,400 shares of the real estate investment trust’s stock after selling 20,500 shares during the period. Virginia Retirement Systems ET AL’s holdings in New Residential Investment Corp. were worth $2,309,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NRZ. Nisa Investment Advisors LLC raised its stake in shares of New Residential Investment Corp. by 43.9% in the first quarter. Nisa Investment Advisors LLC now owns 69,790 shares of the real estate investment trust’s stock worth $1,185,000 after buying an additional 21,290 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of New Residential Investment Corp. by 15.2% in the first quarter. Nationwide Fund Advisors now owns 173,455 shares of the real estate investment trust’s stock worth $2,945,000 after buying an additional 22,906 shares in the last quarter. Profund Advisors LLC raised its stake in shares of New Residential Investment Corp. by 6.2% in the first quarter. Profund Advisors LLC now owns 19,823 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 1,161 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of New Residential Investment Corp. by 56.1% in the first quarter. Janney Montgomery Scott LLC now owns 88,548 shares of the real estate investment trust’s stock worth $1,504,000 after buying an additional 31,811 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of New Residential Investment Corp. by 17.4% in the first quarter. Strs Ohio now owns 87,700 shares of the real estate investment trust’s stock worth $1,489,000 after buying an additional 13,000 shares in the last quarter. Hedge funds and other institutional investors own 47.81% of the company’s stock.

New Residential Investment Corp. (NRZ) opened at 16.48 on Wednesday. The company has a 50-day moving average price of $16.27 and a 200 day moving average price of $16.48. The firm has a market capitalization of $5.07 billion, a P/E ratio of 5.85 and a beta of 1.02. New Residential Investment Corp. has a 1-year low of $13.30 and a 1-year high of $17.86.

New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.48. The business had revenue of $356.80 million during the quarter, compared to analyst estimates of $202.40 million. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. During the same period last year, the company posted $0.52 EPS. Analysts expect that New Residential Investment Corp. will post $2.57 earnings per share for the current fiscal year.

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Several research firms have commented on NRZ. FBR & Co restated an “outperform” rating and issued a $17.50 price objective on shares of New Residential Investment Corp. in a research report on Tuesday, May 2nd. Keefe, Bruyette & Woods set a $17.00 price objective on New Residential Investment Corp. and gave the stock a “buy” rating in a research report on Tuesday, June 6th. BidaskClub upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Wedbush lowered New Residential Investment Corp. from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $16.50 in a research report on Tuesday, June 20th. Finally, ValuEngine upgraded New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $16.84.

About New Residential Investment Corp.

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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