Waratah Capital Advisors Ltd. raised its position in New Residential Investment Corp. (NYSE:NRZ) by 1.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 89,463 shares of the real estate investment trust’s stock after buying an additional 1,473 shares during the period. Waratah Capital Advisors Ltd.’s holdings in New Residential Investment Corp. were worth $1,519,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc increased its position in New Residential Investment Corp. by 35.6% in the first quarter. IFP Advisors Inc now owns 6,565 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,724 shares in the last quarter. Penserra Capital Management LLC boosted its position in New Residential Investment Corp. by 73.2% in the first quarter. Penserra Capital Management LLC now owns 7,038 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 2,975 shares during the last quarter. Acrospire Investment Management LLC boosted its position in New Residential Investment Corp. by 94.3% in the first quarter. Acrospire Investment Management LLC now owns 8,897 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 4,317 shares during the last quarter. James Investment Research Inc. acquired a new position in New Residential Investment Corp. during the first quarter worth about $153,000. Finally, NEXT Financial Group Inc boosted its stake in shares of New Residential Investment Corp. by 23.9% in the first quarter. NEXT Financial Group Inc now owns 9,241 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 1,784 shares in the last quarter. 54.73% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for New Residential Investment Corp. (NYSE:NRZ)

New Residential Investment Corp. (NRZ) traded up 0.66% during trading on Friday, hitting $16.79. The stock had a trading volume of 1,786,020 shares. The stock’s 50 day moving average price is $16.37 and its 200 day moving average price is $16.37. The firm has a market cap of $5.16 billion, a P/E ratio of 8.23 and a beta of 1.00. New Residential Investment Corp. has a 12-month low of $12.58 and a 12-month high of $17.86.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. New Residential Investment Corp. had a net margin of 43.60% and a return on equity of 15.48%. The business had revenue of $170.60 million for the quarter, compared to analyst estimates of $239.83 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was down 21.4% on a year-over-year basis. On average, analysts anticipate that New Residential Investment Corp. will post $2.12 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on NRZ shares. FBR & Co restated an “outperform” rating and set a $17.50 price objective on shares of New Residential Investment Corp. in a research note on Tuesday, March 28th. Zacks Investment Research lowered New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Vetr lowered New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.58 target price on the stock. in a research report on Monday, May 1st. Finally, Keefe, Bruyette & Woods set a $17.00 price objective on New Residential Investment Corp. and gave the company a “buy” rating in a report on Tuesday, June 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. New Residential Investment Corp. currently has an average rating of “Buy” and an average target price of $16.90.

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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