New Residential Investment Corp. (NRZ) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its position in New Residential Investment Corp. (NYSE:NRZ) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,174 shares of the real estate investment trust’s stock after buying an additional 2,823 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in New Residential Investment Corp. were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. LSV Asset Management raised its holdings in shares of New Residential Investment Corp. by 81.2% in the 2nd quarter. LSV Asset Management now owns 204,700 shares of the real estate investment trust’s stock valued at $3,185,000 after buying an additional 91,700 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of New Residential Investment Corp. by 5.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 292,637 shares of the real estate investment trust’s stock valued at $4,553,000 after buying an additional 15,966 shares during the period. Swiss National Bank raised its holdings in shares of New Residential Investment Corp. by 3.2% in the 2nd quarter. Swiss National Bank now owns 511,905 shares of the real estate investment trust’s stock valued at $7,965,000 after buying an additional 15,800 shares during the period. Chicago Equity Partners LLC raised its holdings in shares of New Residential Investment Corp. by 139.0% in the 2nd quarter. Chicago Equity Partners LLC now owns 395,250 shares of the real estate investment trust’s stock valued at $6,150,000 after buying an additional 229,885 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of New Residential Investment Corp. by 25.2% in the 2nd quarter. Principal Financial Group Inc. now owns 535,766 shares of the real estate investment trust’s stock valued at $8,337,000 after buying an additional 107,790 shares during the period. Hedge funds and other institutional investors own 47.81% of the company’s stock.

New Residential Investment Corp. (NYSE NRZ) opened at 16.36 on Friday. The firm has a market capitalization of $5.03 billion, a PE ratio of 5.81 and a beta of 1.02. The company’s 50-day moving average price is $16.53 and its 200 day moving average price is $16.51. New Residential Investment Corp. has a 1-year low of $13.30 and a 1-year high of $17.86.

New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings data 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. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. The company had revenue of $356.80 million for the quarter, compared to analyst estimates of $202.40 million. During the same period last year, the company posted $0.52 earnings per share. On average, equities analysts anticipate that New Residential Investment Corp. will post $2.58 EPS for the current year.

Several equities research analysts recently issued reports on the company. ValuEngine upgraded New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Vetr cut New Residential Investment Corp. from a “hold” rating to a “sell” rating and set a $16.55 target price for the company. in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.00 target price on shares of New Residential Investment Corp. in a research note on Thursday, August 3rd. BidaskClub raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Wedbush cut New Residential Investment Corp. from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $16.50 in a research note on Tuesday, June 20th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. New Residential Investment Corp. presently has a consensus rating of “Buy” and a consensus price target of $16.90.

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New Residential Investment Corp. Company 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.

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

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