American Century Companies Inc. reduced its holdings in shares of New Residential Investment Corp (NYSE:NRZ) by 24.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,347 shares of the real estate investment trust’s stock after selling 5,944 shares during the quarter. American Century Companies Inc.’s holdings in New Residential Investment were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Stevens Capital Management LP purchased a new stake in New Residential Investment during the third quarter worth approximately $3,263,000. Chicago Equity Partners LLC boosted its stake in shares of New Residential Investment by 166.6% in the third quarter. Chicago Equity Partners LLC now owns 1,053,610 shares of the real estate investment trust’s stock valued at $17,627,000 after purchasing an additional 658,360 shares during the period. Brookstone Capital Management boosted its stake in shares of New Residential Investment by 18.8% in the third quarter. Brookstone Capital Management now owns 21,158 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 3,342 shares during the period. Meridian Wealth Management LLC purchased a new position in shares of New Residential Investment in the third quarter valued at $295,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of New Residential Investment by 2.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 282,350 shares of the real estate investment trust’s stock valued at $4,724,000 after purchasing an additional 5,540 shares during the period. Institutional investors own 48.66% of the company’s stock.

NRZ has been the subject of several analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $18.00 target price on shares of New Residential Investment in a research note on Sunday, August 27th. Barclays upped their target price on shares of New Residential Investment from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, October 24th. FBR & Co restated a “buy” rating and issued a $17.50 target price on shares of New Residential Investment in a research note on Monday, October 9th. Zacks Investment Research downgraded shares of New Residential Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Vetr downgraded shares of New Residential Investment from a “buy” rating to a “hold” rating and set a $17.14 target price for the company. in a research note on Wednesday, September 13th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.09.

Shares of New Residential Investment Corp (NRZ) opened at $17.74 on Friday. The stock has a market cap of $5,437.22, a price-to-earnings ratio of 6.25, a P/E/G ratio of 6.61 and a beta of 1.02. New Residential Investment Corp has a twelve month low of $15.03 and a twelve month high of $18.00.

New Residential Investment (NYSE:NRZ) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $331.38 million for the quarter, compared to analysts’ expectations of $291.66 million. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. The firm’s quarterly revenue was up 72.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. research analysts predict that New Residential Investment Corp will post 2.68 EPS for the current fiscal year.

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New Residential Investment 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.

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

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