CIBC World Markets Inc. cut its stake in New Residential Investment Corp. (NYSE:NRZ) by 30.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,814 shares of the real estate investment trust’s stock after selling 28,584 shares during the quarter. CIBC World Markets Inc.’s holdings in New Residential Investment Corp. were worth $993,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc lifted its holdings in New Residential Investment Corp. by 9.6% in the second quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 629 shares during the period. Penserra Capital Management LLC lifted its holdings in New Residential Investment Corp. by 8.4% in the second quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 593 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in New Residential Investment Corp. in the second quarter valued at approximately $150,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in New Residential Investment Corp. by 31.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,316 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 2,491 shares during the period. Finally, Green Square Capital LLC acquired a new position in New Residential Investment Corp. in the first quarter valued at approximately $175,000. 47.81% of the stock is owned by institutional investors.

Shares of New Residential Investment Corp. (NRZ) opened at 16.53 on Friday. The stock has a 50 day moving average price of $16.60 and a 200-day moving average price of $16.50. New Residential Investment Corp. has a 52-week low of $13.30 and a 52-week high of $17.86. The stock has a market capitalization of $5.08 billion, a PE ratio of 5.87 and a beta of 1.02.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.03 EPS for the quarter, beating the consensus estimate of $0.55 by $0.48. The business had revenue of $356.80 million during the quarter, compared to analysts’ expectations 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 firm earned $0.52 EPS. On average, equities research analysts anticipate that New Residential Investment Corp. will post $2.56 EPS for the current fiscal year.

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A number of research analysts have issued reports on NRZ shares. BidaskClub raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods set a $17.00 price target on New Residential Investment Corp. and gave the company a “buy” rating in a report on Tuesday, June 6th. FBR & Co reissued a “buy” rating and issued a $17.50 price target on shares of New Residential Investment Corp. in a report on Monday, July 10th. Zacks Investment Research raised New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, July 4th. Finally, ValuEngine downgraded New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $16.89.

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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