Alyeska Investment Group L.P. acquired a new position in New Residential Investment Corp (NYSE:NRZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 97,891 shares of the real estate investment trust’s stock, valued at approximately $1,638,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. TCI Wealth Advisors Inc. grew its holdings in New Residential Investment by 203.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 6,060 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 4,060 shares in the last quarter. Ffcm LLC boosted its holdings in shares of New Residential Investment by 673.4% in the 3rd quarter. Ffcm LLC now owns 6,976 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 6,074 shares during the period. IFP Advisors Inc boosted its holdings in shares of New Residential Investment by 9.6% in the 2nd quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 629 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of New Residential Investment by 8.4% in the 2nd quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 593 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of New Residential Investment in the 2nd quarter worth approximately $150,000. 48.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating on shares of New Residential Investment in a report on Wednesday, November 1st. ValuEngine raised New Residential Investment from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Vetr raised New Residential Investment from a “hold” rating to a “buy” rating and set a $17.72 price target for the company in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.00 price target on shares of New Residential Investment in a research note on Thursday, September 14th. Finally, FBR & Co reissued a “buy” rating and set a $19.25 price target on shares of New Residential Investment in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $18.09.

Shares of New Residential Investment Corp (NRZ) traded up $0.07 during midday trading on Thursday, reaching $18.10. The company’s stock had a trading volume of 386,283 shares, compared to its average volume of 3,683,449. The company has a market cap of $5,538.65, a price-to-earnings ratio of 6.37, a PEG ratio of 6.74 and a beta of 1.02. New Residential Investment Corp has a 1-year low of $15.03 and a 1-year high of $18.18.

New Residential Investment (NYSE:NRZ) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The firm had revenue of $331.38 million during the quarter, compared to analyst estimates of $291.66 million. New Residential Investment had a return on equity of 19.38% and a net margin of 60.06%. The business’s revenue for the quarter was up 72.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. research analysts expect that New Residential Investment Corp will post 2.68 EPS for the current year.

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About New Residential Investment

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.

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

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