Public Employees Retirement System of Ohio held its stake in New Residential Investment Corp. (NYSE:NRZ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,951 shares of the real estate investment trust’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in New Residential Investment Corp. were worth $203,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nationwide Fund Advisors increased its stake in shares of New Residential Investment Corp. by 15.2% in the first quarter. Nationwide Fund Advisors now owns 173,455 shares of the real estate investment trust’s stock valued at $2,945,000 after buying an additional 22,906 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of New Residential Investment Corp. during the first quarter valued at $153,000. Navellier & Associates Inc increased its stake in shares of New Residential Investment Corp. by 226.2% in the first quarter. Navellier & Associates Inc now owns 43,690 shares of the real estate investment trust’s stock valued at $742,000 after buying an additional 30,298 shares during the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of New Residential Investment Corp. during the first quarter valued at $582,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of New Residential Investment Corp. by 43.9% in the first quarter. Nisa Investment Advisors LLC now owns 69,790 shares of the real estate investment trust’s stock valued at $1,185,000 after buying an additional 21,290 shares during the last quarter. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Shares of New Residential Investment Corp. (NYSE:NRZ) traded down 0.60% during midday trading on Thursday, reaching $16.59. The company had a trading volume of 662,900 shares. The firm’s 50 day moving average price is $16.09 and its 200-day moving average price is $16.42. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 5.89 and a beta of 1.02. New Residential Investment Corp. has a 1-year low of $13.30 and a 1-year high of $17.86.

New Residential Investment Corp. (NYSE:NRZ) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.48. The firm had revenue of $356.80 million during the quarter, compared to analyst estimates of $202.40 million. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. During the same period last year, the company earned $0.52 EPS. Equities research analysts expect that New Residential Investment Corp. will post $2.46 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 3rd were given a dividend of $0.50 per share. The ex-dividend date was Thursday, June 29th. This is a positive change from New Residential Investment Corp.’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 11.98%. New Residential Investment Corp.’s payout ratio is 72.20%.

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Several brokerages have weighed in on NRZ. ValuEngine upgraded New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Vetr downgraded New Residential Investment Corp. from a “hold” rating to a “sell” rating and set a $16.55 price objective for the company. in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.00 price objective on shares of New Residential Investment Corp. in a research report on Thursday, August 3rd. FBR & Co reiterated an “outperform” rating and issued a $17.50 price objective on shares of New Residential Investment Corp. in a research report on Tuesday, May 2nd. Finally, BidaskClub upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. New Residential Investment Corp. has a consensus rating of “Buy” and a consensus price target of $16.62.

About New Residential Investment Corp.

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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