ClariVest Asset Management LLC increased its position in New Residential Investment Corp. (NYSE:NRZ) by 54.6% during the second quarter, Holdings Channel reports. The institutional investor owned 631,477 shares of the real estate investment trust’s stock after buying an additional 222,932 shares during the period. ClariVest Asset Management LLC’s holdings in New Residential Investment Corp. were worth $9,826,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of New Residential Investment Corp. by 39,965.7% in the first quarter. BlackRock Inc. now owns 26,571,141 shares of the real estate investment trust’s stock worth $451,177,000 after buying an additional 26,504,822 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of New Residential Investment Corp. by 28.9% in the first quarter. Vanguard Group Inc. now owns 24,818,674 shares of the real estate investment trust’s stock worth $421,421,000 after buying an additional 5,571,198 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of New Residential Investment Corp. during the first quarter worth about $59,515,000. Renaissance Technologies LLC bought a new stake in shares of New Residential Investment Corp. during the first quarter worth about $49,637,000. Finally, Whitebox Advisors LLC bought a new stake in shares of New Residential Investment Corp. during the first quarter worth about $41,328,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Shares of New Residential Investment Corp. (NYSE:NRZ) opened at 16.56 on Friday. The firm has a market cap of $5.09 billion, a P/E ratio of 5.88 and a beta of 1.02. New Residential Investment Corp. has a one year low of $13.30 and a one year high of $17.86. The firm has a 50 day moving average price of $16.09 and a 200-day moving average price of $16.43.

New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.03 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 55.85% and a return on equity of 19.02%. During the same period in the previous year, the business earned $0.52 EPS. Analysts forecast that New Residential Investment Corp. will post $2.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Monday, July 3rd were given a dividend of $0.50 per share. 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 dividend yield of 12.08%. The ex-dividend date was Thursday, June 29th. New Residential Investment Corp.’s payout ratio is 72.20%.

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A number of equities research analysts recently issued reports on NRZ shares. FBR & Co reissued an “outperform” rating and set a $17.50 price target on shares of New Residential Investment Corp. in a research report on Sunday, April 23rd. Vetr raised New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.92 price target on the stock in a research report on Thursday, April 20th. ValuEngine raised New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded New Residential Investment Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, BidaskClub raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. New Residential Investment Corp. presently has an average 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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