New Residential Investment Corp (NYSE:NRZ) was the recipient of a significant increase in short interest in the month of April. As of April 28th, there was short interest totalling 5,760,283 shares, an increase of 61.6% from the April 13th total of 3,564,554 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 8,346,621 shares, the short-interest ratio is presently 0.7 days.

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in shares of New Residential Investment Corp by 29.3% in the third quarter. Advisors Asset Management Inc. now owns 1,457,135 shares of the real estate investment trust’s stock worth $20,123,000 after buying an additional 330,286 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of New Residential Investment Corp by 1,060.8% in the third quarter. Quantbot Technologies LP now owns 56,764 shares of the real estate investment trust’s stock worth $783,000 after buying an additional 51,874 shares in the last quarter. Wellington Shields & Co. LLC raised its stake in shares of New Residential Investment Corp by 115.0% in the third quarter. Wellington Shields & Co. LLC now owns 43,000 shares of the real estate investment trust’s stock worth $594,000 after buying an additional 23,000 shares in the last quarter. Silver Capital Management LLC bought a new stake in shares of New Residential Investment Corp during the third quarter worth $435,000. Finally, Iron Financial LLC raised its stake in shares of New Residential Investment Corp by 4.3% in the third quarter. Iron Financial LLC now owns 18,595 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 760 shares in the last quarter. 46.29% of the stock is owned by institutional investors.

NRZ has been the subject of a number of recent analyst reports. 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 Sunday, April 23rd. Zacks Investment Research downgraded shares of New Residential Investment Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Vetr upgraded shares of New Residential Investment Corp from a “hold” rating to a “buy” rating and set a $17.92 price objective for the company in a research report on Thursday, April 20th. Compass Point upgraded shares of New Residential Investment Corp from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 31st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of New Residential Investment Corp in a research report on Monday, February 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. New Residential Investment Corp presently has a consensus rating of “Buy” and an average price target of $16.89.

Shares of New Residential Investment Corp (NYSE:NRZ) traded up 1.26% on Friday, reaching $16.03. 342,648 shares of the company’s stock were exchanged. New Residential Investment Corp has a 1-year low of $12.58 and a 1-year high of $17.86. The stock’s 50-day moving average price is $16.76 and its 200-day moving average price is $16.10. The company has a market capitalization of $4.93 billion, a P/E ratio of 7.86 and a beta of 0.96.

New Residential Investment Corp (NYSE:NRZ) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $170.60 million during the quarter, compared to analyst estimates of $239.83 million. New Residential Investment Corp had a net margin of 38.93% and a return on equity of 15.13%. The business’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. Analysts anticipate that New Residential Investment Corp will post $2.12 EPS for the current fiscal year.

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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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