178,800 Shares in New Residential Investment Corp. (NRZ) Acquired by Dupont Capital Management Corp

Dupont Capital Management Corp purchased a new stake in New Residential Investment Corp. (NYSE:NRZ) during the second quarter, Holdings Channel reports. The fund purchased 178,800 shares of the real estate investment trust’s stock, valued at approximately $2,782,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NRZ. Wells Fargo & Company MN boosted its position in New Residential Investment Corp. by 58.7% in the first quarter. Wells Fargo & Company MN now owns 1,413,015 shares of the real estate investment trust’s stock valued at $23,993,000 after buying an additional 522,706 shares during the last quarter. Suntrust Banks Inc. boosted its position in New Residential Investment Corp. by 6.8% in the first quarter. Suntrust Banks Inc. now owns 47,874 shares of the real estate investment trust’s stock valued at $811,000 after buying an additional 3,051 shares during the last quarter. Penn Mutual Life Insurance Co. boosted its position in New Residential Investment Corp. by 102.1% in the first quarter. Penn Mutual Life Insurance Co. now owns 380,000 shares of the real estate investment trust’s stock valued at $6,335,000 after buying an additional 192,000 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in New Residential Investment Corp. by 634.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 276,671 shares of the real estate investment trust’s stock valued at $4,698,000 after buying an additional 238,981 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in New Residential Investment Corp. by 186.3% in the first quarter. JPMorgan Chase & Co. now owns 1,218,930 shares of the real estate investment trust’s stock valued at $20,697,000 after buying an additional 793,208 shares during the last quarter. 55.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of New Residential Investment Corp. (NRZ) opened at 16.63 on Friday. New Residential Investment Corp. has a 12-month low of $13.30 and a 12-month high of $17.86. The stock’s 50 day moving average is $16.13 and its 200-day moving average is $16.44. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 5.90 and a beta of 1.02.

New Residential Investment Corp. (NYSE:NRZ) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.03 EPS for the quarter, beating the consensus estimate of $0.55 by $0.48. The company had revenue of $356.80 million for the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.52 EPS. On average, analysts expect that New Residential Investment Corp. will post $2.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 3rd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 12.03%. This is an increase from New Residential Investment Corp.’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, June 29th. New Residential Investment Corp.’s dividend payout ratio is presently 72.20%.

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Several research analysts have recently weighed in on NRZ shares. ValuEngine cut shares of New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research cut New Residential Investment Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, July 5th. FBR & Co reissued an “outperform” rating and issued a $17.50 target price on shares of New Residential Investment Corp. in a research note on Sunday, April 23rd. BidaskClub cut New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Vetr cut New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.58 target price on the stock. in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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.

Want to see what other hedge funds are holding NRZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Residential Investment Corp. (NYSE:NRZ).

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

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