Stratos Wealth Partners LTD. acquired a new position in shares of New Residential Investment Corp. (NYSE:NRZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,230 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. boosted its stake in New Residential Investment Corp. by 203.0% during the third quarter. TCI Wealth Advisors Inc. now owns 6,060 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 4,060 shares during the last quarter. IFP Advisors Inc raised its position 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 purchasing an additional 629 shares during the period. Penserra Capital Management LLC raised its position 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 purchasing an additional 593 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in New Residential Investment Corp. in the second quarter valued at $150,000. Finally, CIBC Asset Management Inc purchased a new stake in New Residential Investment Corp. in the third quarter valued at $177,000. 48.98% of the stock is currently owned by institutional investors.

Shares of New Residential Investment Corp. (NYSE NRZ) traded up $0.17 during midday trading on Tuesday, reaching $17.63. The company’s stock had a trading volume of 2,284,700 shares, compared to its average volume of 3,802,892. New Residential Investment Corp. has a 12 month low of $14.70 and a 12 month high of $17.91. The stock has a market cap of $5,420.00, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 6.55 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 for the quarter, topping the Thomson Reuters’ 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 company had revenue of $331.38 million for the quarter, compared to the consensus estimate of $291.66 million. During the same quarter in the prior year, the business earned $0.51 EPS. New Residential Investment Corp.’s revenue was up 72.1% on a year-over-year basis. research analysts anticipate that New Residential Investment Corp. will post 2.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Monday, October 2nd were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 29th. This represents a $2.00 annualized dividend and a dividend yield of 11.34%. New Residential Investment Corp.’s dividend payout ratio is currently 64.72%.

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Several equities research analysts recently issued reports on NRZ shares. Vetr upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.75 price objective on the stock in a report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.00 price objective on shares of New Residential Investment Corp. in a report on Thursday, August 3rd. Barclays PLC boosted their price objective on New Residential Investment Corp. from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, October 24th. Zacks Investment Research upgraded New Residential Investment Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, B. Riley reiterated a “buy” rating on shares of New Residential Investment Corp. in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $17.93.

New Residential Investment Corp. 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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