Investors sold shares of New Residential Investment Corp. (NYSE:NRZ) on strength during trading on Wednesday. $4.95 million flowed into the stock on the tick-up and $23.78 million flowed out of the stock on the tick-down, for a money net flow of $18.83 million out of the stock. Of all stocks tracked, New Residential Investment Corp. had the 0th highest net out-flow for the day. New Residential Investment Corp. traded up $0.10 for the day and closed at $14.35

Several research analysts have recently commented on NRZ shares. Zacks Investment Research lowered shares of New Residential Investment Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Credit Suisse Group AG set a $17.00 price objective on shares of New Residential Investment Corp. and gave the company a “buy” rating in a research note on Monday, August 8th. Barclays PLC raised their price objective on shares of New Residential Investment Corp. from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 10th. Vetr raised shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating and set a $15.40 price objective for the company in a research note on Monday, June 13th. Finally, TheStreet raised shares of New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. New Residential Investment Corp. currently has a consensus rating of “Buy” and an average target price of $15.36.

The firm has a 50 day moving average price of $13.86 and a 200-day moving average price of $12.78. The company has a market cap of $3.31 billion and a P/E ratio of 9.81.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $137.43 million for the quarter, compared to analyst estimates of $161 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. Equities analysts expect that New Residential Investment Corp. will post $1.72 EPS for the current year.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Bank of Montreal Can increased its position in New Residential Investment Corp. by 92.5% in the fourth quarter. Bank of Montreal Can now owns 1,251,000 shares of the real estate investment trust’s stock worth $15,212,000 after buying an additional 601,000 shares in the last quarter. Ameriprise Financial Inc. increased its position in New Residential Investment Corp. by 19.2% in the fourth quarter. Ameriprise Financial Inc. now owns 119,685 shares of the real estate investment trust’s stock worth $1,456,000 after buying an additional 19,237 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in New Residential Investment Corp. by 12.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 137,000 shares of the real estate investment trust’s stock worth $1,666,000 after buying an additional 15,000 shares in the last quarter.

New Residential Investment Corp. (New Residential) is a publicly traded real estate investment trust. The Company is focused on investing and managing residential real estate investments. Its portfolio consists of servicing related assets, residential securities and loans and other investments. Its business segments include: Excess Mortgage Servicing Rights (Excess MSRs), Servicer Advances, Real Estate Securities, Real Estate Loans, Consumer Loans and Corporate.

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