18,662 Shares in New Residential Investment Corp. (NRZ) Acquired by Private Advisory Group LLC

Private Advisory Group LLC purchased a new position in New Residential Investment Corp. (NYSE:NRZ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,662 shares of the real estate investment trust’s stock, valued at approximately $312,000.

Several other institutional investors also recently bought and sold shares of the stock. Alps Advisors Inc. grew its stake in shares of New Residential Investment Corp. by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 28,952 shares of the real estate investment trust’s stock worth $450,000 after buying an additional 75 shares during the last quarter. US Bancorp DE grew its stake in shares of New Residential Investment Corp. by 0.6% in the 2nd quarter. US Bancorp DE now owns 15,807 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 100 shares during the last quarter. Trust Investment Advisors grew its stake in shares of New Residential Investment Corp. by 0.4% in the 2nd quarter. Trust Investment Advisors now owns 93,325 shares of the real estate investment trust’s stock worth $1,452,000 after buying an additional 350 shares during the last quarter. Penserra Capital Management LLC grew its stake in shares of New Residential Investment Corp. 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 buying an additional 593 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of New Residential Investment Corp. 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 buying an additional 629 shares during the last quarter. Institutional investors own 48.98% of the company’s stock.

New Residential Investment Corp. (NYSE NRZ) traded up $0.09 during midday trading on Wednesday, hitting $17.91. The stock had a trading volume of 756,716 shares, compared to its average volume of 3,795,832. The company has a market cap of $5,480.00, a PE ratio of 6.23, a price-to-earnings-growth ratio of 6.61 and a beta of 1.04. New Residential Investment Corp. has a 12-month low of $15.03 and a 12-month high of $17.91.

New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share 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 Corp. had a return on equity of 19.38% and a net margin of 60.06%. The company’s revenue was up 72.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. research analysts anticipate that New Residential Investment Corp. will post 2.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.00 annualized dividend and a dividend yield of 11.17%. New Residential Investment Corp.’s payout ratio is 64.72%.

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Several brokerages have commented on NRZ. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 target price on shares of New Residential Investment Corp. in a research note on Sunday, August 27th. FBR & Co reiterated a “buy” rating and set a $17.50 target price on shares of New Residential Investment Corp. in a research note on Monday, October 9th. Barclays PLC increased their target price on New Residential Investment Corp. from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, October 24th. Vetr upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.75 target price on the stock in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $17.93.

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.

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

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