SeaBridge Investment Advisors LLC acquired a new stake in shares of New Residential Investment Corp (NYSE:NRZ) during the first quarter, Holdings Channel reports. The institutional investor acquired 221,165 shares of the real estate investment trust’s stock, valued at approximately $3,755,000.

A number of other institutional investors have also recently added to or reduced their stakes in NRZ. Iron Financial LLC increased its position in New Residential Investment Corp by 4.3% in the third quarter. Iron Financial LLC now owns 18,595 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 760 shares during the last quarter. Bank of New York Mellon Corp increased its position in New Residential Investment Corp by 3.1% in the third quarter. Bank of New York Mellon Corp now owns 2,722,202 shares of the real estate investment trust’s stock valued at $37,594,000 after buying an additional 81,390 shares during the last quarter. Neuberger Berman Group LLC increased its position in New Residential Investment Corp by 402.5% in the third quarter. Neuberger Berman Group LLC now owns 121,600 shares of the real estate investment trust’s stock valued at $1,679,000 after buying an additional 97,400 shares during the last quarter. Aperio Group LLC increased its position in New Residential Investment Corp by 3.4% in the third quarter. Aperio Group LLC now owns 37,125 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 1,206 shares during the last quarter. Finally, Silver Capital Management LLC purchased a new position in New Residential Investment Corp during the third quarter valued at $435,000. 46.29% of the stock is owned by hedge funds and other institutional investors.

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

New Residential Investment Corp (NYSE:NRZ) traded up 0.23% during midday trading on Tuesday, hitting $17.74. The stock had a trading volume of 3,052,419 shares. New Residential Investment Corp has a one year low of $11.87 and a one year high of $17.78. The stock has a market cap of $5.45 billion, a PE ratio of 8.38 and a beta of 0.96. The firm has a 50 day moving average price of $16.96 and a 200 day moving average price of $15.67.

New Residential Investment Corp (NYSE:NRZ) last announced its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. New Residential Investment Corp had a return on equity of 15.13% and a net margin of 38.93%. The firm had revenue of $231.81 million for the quarter, compared to analysts’ expectations of $158.30 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. Equities analysts expect that New Residential Investment Corp will post $2.11 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Monday, March 27th will be issued a dividend of $0.48 per share. This is a boost from New Residential Investment Corp’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $1.92 annualized dividend and a yield of 10.82%. New Residential Investment Corp’s payout ratio is presently 112.20%.

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Several equities analysts recently weighed in on the company. Vetr downgraded New Residential Investment Corp from a “buy” rating to a “hold” rating and set a $17.92 price objective for the company. in a research note on Tuesday, April 11th. Zacks Investment Research raised New Residential Investment Corp from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, April 5th. FBR & Co reiterated an “outperform” rating and set a $17.50 target price on shares of New Residential Investment Corp in a report on Tuesday, March 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of New Residential Investment Corp in a report on Monday, February 6th. Finally, Compass Point upgraded New Residential Investment Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, January 31st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.71.

In related news, CEO Michael Nierenberg purchased 18,600 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were bought at an average price of $15.00 per share, with a total value of $279,000.00. Following the completion of the acquisition, the chief executive officer now owns 935,352 shares of the company’s stock, valued at $14,030,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:NRZ

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