New Residential Investment Corp. (NYSE:NRZ) Director Andrew Sloves purchased 13,200 shares of New Residential Investment Corp. stock in a transaction on Friday, November 11th. The shares were acquired at an average price of $14.22 per share, for a total transaction of $187,704.00. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at $9,954. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

New Residential Investment Corp. (NYSE:NRZ) opened at 14.35 on Thursday. New Residential Investment Corp. has a one year low of $9.07 and a one year high of $14.89. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 8.76 and a beta of 0.92. The stock has a 50 day moving average price of $13.93 and a 200-day moving average price of $13.75.

New Residential Investment Corp. (NYSE:NRZ) last released its earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. New Residential Investment Corp. had a return on equity of 15.13% and a net margin of 38.93%. During the same quarter in the previous year, the business posted $0.49 earnings per share. On average, analysts predict that New Residential Investment Corp. will post $1.72 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Monday, October 3rd were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.84 annualized dividend and a yield of 12.82%. New Residential Investment Corp.’s payout ratio is 112.20%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. bought a new position in New Residential Investment Corp. during the third quarter valued at approximately $4,380,000. Doheny Asset Management CA boosted its position in New Residential Investment Corp. by 16.4% in the third quarter. Doheny Asset Management CA now owns 492,396 shares of the real estate investment trust’s stock valued at $6,800,000 after buying an additional 69,500 shares during the last quarter. Mackenzie Financial Corp boosted its position in New Residential Investment Corp. by 12.0% in the third quarter. Mackenzie Financial Corp now owns 19,384 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 2,071 shares during the last quarter. EJF Capital LLC bought a new position in New Residential Investment Corp. during the third quarter valued at approximately $43,745,000. Finally, Nuveen Fund Advisors LLC boosted its position in New Residential Investment Corp. by 10.7% in the third quarter. Nuveen Fund Advisors LLC now owns 28,071 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 2,719 shares during the last quarter. 54.14% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on NRZ shares. Credit Suisse Group AG reissued a “buy” rating and set a $17.00 price objective on shares of New Residential Investment Corp. in a research note on Sunday, September 11th. TheStreet raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Saturday, November 5th. FBR & Co reissued a “buy” rating on shares of New Residential Investment Corp. in a research note on Thursday, November 3rd. Finally, Nomura reaffirmed a “hold” rating and issued a $15.00 price target on shares of New Residential Investment Corp. in a research note on Thursday, November 3rd. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. New Residential Investment Corp. presently has an average rating of “Buy” and a consensus price target of $15.79.

New Residential Investment Corp. Company Profile

New Residential Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing in, and managing, investments related to residential real estate. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate.

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