Sterling Capital Management LLC decreased its position in shares of New Residential Investment Corp. (NYSE:NRZ) by 17.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,054 shares of the real estate investment trust’s stock after selling 19,263 shares during the quarter. Sterling Capital Management LLC’s holdings in New Residential Investment Corp. were worth $1,417,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of New Residential Investment Corp. by 39,965.7% during the first quarter. BlackRock Inc. now owns 26,571,141 shares of the real estate investment trust’s stock worth $451,177,000 after purchasing an additional 26,504,822 shares during the period. Vanguard Group Inc. lifted its holdings in shares of New Residential Investment Corp. by 28.9% during the first quarter. Vanguard Group Inc. now owns 24,818,674 shares of the real estate investment trust’s stock worth $421,421,000 after purchasing an additional 5,571,198 shares during the period. State Street Corp lifted its holdings in shares of New Residential Investment Corp. by 25.3% during the first quarter. State Street Corp now owns 5,913,353 shares of the real estate investment trust’s stock worth $100,410,000 after purchasing an additional 1,192,731 shares during the period. Geode Capital Management LLC lifted its holdings in shares of New Residential Investment Corp. by 49.8% during the first quarter. Geode Capital Management LLC now owns 2,963,482 shares of the real estate investment trust’s stock worth $50,319,000 after purchasing an additional 984,728 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of New Residential Investment Corp. by 211.2% during the second quarter. Goldman Sachs Group Inc. now owns 2,147,579 shares of the real estate investment trust’s stock worth $33,416,000 after purchasing an additional 1,457,525 shares during the period. 48.05% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on NRZ. ValuEngine raised New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd. Vetr raised New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.72 target price for the company in a report on Monday, October 2nd. BidaskClub raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $18.00 target price on shares of New Residential Investment Corp. in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised New Residential Investment Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.97.

New Residential Investment Corp. (NRZ) opened at 17.25 on Friday. The firm has a market capitalization of $5.30 billion, a P/E ratio of 6.12 and a beta of 1.03. The firm has a 50-day moving average price of $16.86 and a 200-day moving average price of $16.53. New Residential Investment Corp. has a one year low of $13.63 and a one year high of $17.86.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. The company had revenue of $356.80 million during the quarter, compared to analysts’ expectations of $202.40 million. During the same period last year, the firm earned $0.52 EPS. Equities analysts anticipate that New Residential Investment Corp. will post $2.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 11.59%. New Residential Investment Corp.’s payout ratio is 72.20%.

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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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