Virginia Retirement Systems ET AL Has $1.95 Million Position in New Residential Investment Corp (NRZ)

Virginia Retirement Systems ET AL decreased its stake in shares of New Residential Investment Corp (NYSE:NRZ) by 21.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,300 shares of the real estate investment trust’s stock after selling 32,100 shares during the period. Virginia Retirement Systems ET AL’s holdings in New Residential Investment were worth $1,946,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Dupont Capital Management Corp boosted its position in New Residential Investment by 55.3% in the third quarter. Dupont Capital Management Corp now owns 277,700 shares of the real estate investment trust’s stock worth $4,646,000 after purchasing an additional 98,900 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in New Residential Investment by 63.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 155,034 shares of the real estate investment trust’s stock worth $2,412,000 after purchasing an additional 60,175 shares during the last quarter. Meeder Asset Management Inc. boosted its position in New Residential Investment by 19.7% in the third quarter. Meeder Asset Management Inc. now owns 25,156 shares of the real estate investment trust’s stock worth $421,000 after purchasing an additional 4,135 shares during the last quarter. Utah Retirement Systems purchased a new position in New Residential Investment in the second quarter worth $874,000. Finally, Swiss National Bank boosted its position in New Residential Investment by 3.2% in the second quarter. Swiss National Bank now owns 511,905 shares of the real estate investment trust’s stock worth $7,965,000 after purchasing an additional 15,800 shares during the last quarter. 48.61% of the stock is currently owned by institutional investors.

Several research firms have weighed in on NRZ. B. Riley reissued a “buy” rating and issued a $19.25 price objective on shares of New Residential Investment in a research report on Wednesday, November 29th. Zacks Investment Research cut New Residential Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. FBR & Co reissued a “buy” rating and issued a $19.25 price objective on shares of New Residential Investment in a research report on Monday, October 30th. Vetr raised New Residential Investment from a “hold” rating to a “buy” rating and set a $17.75 price objective on the stock in a research report on Thursday, October 26th. Finally, Barclays boosted their target price on New Residential Investment from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $18.09.

Shares of New Residential Investment Corp (NYSE:NRZ) traded down $0.04 on Wednesday, hitting $17.83. The company’s stock had a trading volume of 1,278,100 shares, compared to its average volume of 3,720,971. The company has a market capitalization of $5,492.55, a price-to-earnings ratio of 6.31, a PEG ratio of 6.68 and a beta of 1.02. New Residential Investment Corp has a 52-week low of $15.03 and a 52-week high of $18.00.

New Residential Investment (NYSE:NRZ) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The firm had revenue of $331.38 million for 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 was up 72.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. equities analysts forecast that New Residential Investment Corp will post 2.68 earnings per share for the current fiscal 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.

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

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