Joel Isaacson & Co. LLC Has $445,000 Stake in New Residential Investment Corp. (NYSE:NRZ)

Joel Isaacson & Co. LLC continued to hold its stake in New Residential Investment Corp. (NYSE:NRZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,603 shares of the real estate investment trust’s stock at the end of the second quarter. Joel Isaacson & Co. LLC’s holdings in New Residential Investment Corp. were worth $445,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NRZ. BlackRock Inc. boosted its stake in New Residential Investment Corp. by 39,965.7% in the first quarter. BlackRock Inc. now owns 26,571,141 shares of the real estate investment trust’s stock valued at $451,177,000 after buying an additional 26,504,822 shares during the last quarter. Vanguard Group Inc. boosted its stake in New Residential Investment Corp. by 28.9% in the first quarter. Vanguard Group Inc. now owns 24,818,674 shares of the real estate investment trust’s stock valued at $421,421,000 after buying an additional 5,571,198 shares during the last quarter. State Street Corp boosted its stake in New Residential Investment Corp. by 25.3% in the first quarter. State Street Corp now owns 5,913,353 shares of the real estate investment trust’s stock valued at $100,410,000 after buying an additional 1,192,731 shares during the last quarter. Bank of America Corp DE boosted its stake in New Residential Investment Corp. by 9.3% in the first quarter. Bank of America Corp DE now owns 5,291,446 shares of the real estate investment trust’s stock valued at $89,849,000 after buying an additional 451,323 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in New Residential Investment Corp. during the first quarter valued at $59,515,000. 55.01% of the stock is currently owned by institutional investors.

Shares of New Residential Investment Corp. (NRZ) traded down 0.48% during trading on Friday, reaching $16.55. 1,933,616 shares of the company were exchanged. New Residential Investment Corp. has a 1-year low of $13.30 and a 1-year high of $17.86. The firm has a market capitalization of $5.09 billion, a PE ratio of 5.88 and a beta of 1.02. The company’s 50-day moving average is $16.15 and its 200 day moving average is $16.45.

New Residential Investment Corp. (NYSE:NRZ) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.48. New Residential Investment Corp. had a net margin of 55.85% and a return on equity of 19.02%. The company had revenue of $356.80 million during the quarter, compared to the consensus estimate of $202.40 million. During the same period last year, the firm earned $0.52 earnings per share. Equities research analysts expect that New Residential Investment Corp. will post $2.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.50 per share. This is an increase from New Residential Investment Corp.’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 12.08%. The ex-dividend date of this dividend was Thursday, June 29th. New Residential Investment Corp.’s payout ratio is presently 72.20%.

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Several analysts have weighed in on the company. BidaskClub raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Vetr cut New Residential Investment Corp. from a “hold” rating to a “sell” rating and set a $16.55 price target on the stock. in a research report on Wednesday, August 2nd. Wedbush cut New Residential Investment Corp. from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $16.50 in a research report on Tuesday, June 20th. FBR & Co reissued an “outperform” rating and issued a $17.50 price target on shares of New Residential Investment Corp. in a research report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.00 price target on shares of New Residential Investment Corp. in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.62.

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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