BNP Paribas Arbitrage SA cut its holdings in New Residential Investment Corp. (NYSE:NRZ) by 72.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 373,459 shares of the real estate investment trust’s stock after selling 992,532 shares during the period. BNP Paribas Arbitrage SA owned 0.12% of New Residential Investment Corp. worth $6,248,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of NRZ. TCI Wealth Advisors Inc. increased its stake in shares of New Residential Investment Corp. by 203.0% in the third quarter. TCI Wealth Advisors Inc. now owns 6,060 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 4,060 shares during the period. IFP Advisors Inc increased its stake in shares of 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 worth $112,000 after purchasing an additional 629 shares during the period. Penserra Capital Management LLC increased its stake in shares of 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 worth $118,000 after purchasing an additional 593 shares during the period. Public Employees Retirement Association of Colorado bought a new position in shares of New Residential Investment Corp. in the second quarter worth about $150,000. Finally, Laurion Capital Management LP bought a new position in shares of New Residential Investment Corp. in the second quarter worth about $166,000. Institutional investors and hedge funds own 47.97% of the company’s stock.

A number of equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating on shares of New Residential Investment Corp. in a research note on Wednesday, November 1st. ValuEngine upgraded New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Vetr upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.72 price objective on the stock in a research note on Monday, October 2nd. Zacks Investment Research lowered New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a hold rating, eight 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 a consensus price target of $17.93.

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New Residential Investment Corp. (NYSE NRZ) opened at $17.46 on Friday. New Residential Investment Corp. has a 12 month low of $14.48 and a 12 month high of $17.91. The stock has a market capitalization of $5,360.00, a PE ratio of 6.16, a P/E/G ratio of 6.54 and a beta of 1.04.

New Residential Investment Corp. (NYSE:NRZ) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. New Residential Investment Corp. had a return on equity of 19.38% and a net margin of 60.06%. The firm had revenue of $331.38 million for the quarter, compared to analyst estimates of $291.66 million. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 72.1% compared to the same quarter last year. equities analysts forecast that New Residential Investment Corp. will post 2.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Monday, October 2nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.00 annualized dividend and a yield of 11.45%. New Residential Investment Corp.’s dividend payout ratio is 64.72%.

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.

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

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