Invictus RG Invests $320,000 in New Residential Investment Corp (NRZ) Stock

Invictus RG acquired a new position in shares of New Residential Investment Corp (NYSE:NRZ) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,110 shares of the real estate investment trust’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. increased its holdings in shares of New Residential Investment by 203.0% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 6,060 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 4,060 shares during the period. IFP Advisors Inc increased its holdings in shares of New Residential Investment by 9.6% in the 2nd quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 629 shares during the period. Penserra Capital Management LLC increased its holdings in shares of New Residential Investment by 8.4% in the 2nd quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 593 shares during the period. Ffcm LLC increased its holdings in shares of New Residential Investment by 673.4% in the 3rd quarter. Ffcm LLC now owns 6,976 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 6,074 shares during the period. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of New Residential Investment in the 2nd quarter valued at $150,000. Institutional investors own 48.61% of the company’s stock.

New Residential Investment Corp (NYSE:NRZ) traded down $0.05 during trading on Thursday, hitting $17.78. The stock had a trading volume of 1,681,100 shares, compared to its average volume of 3,712,291. The firm has a market cap of $5,480.25, a PE ratio of 6.30, a price-to-earnings-growth ratio of 6.67 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 posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. The firm had revenue of $331.38 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 72.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. research analysts predict that New Residential Investment Corp will post 2.68 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on NRZ shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $18.00 price target on shares of New Residential Investment in a report on Sunday, August 27th. Barclays lifted their price target on New Residential Investment from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, October 24th. FBR & Co reissued a “buy” rating and issued a $17.50 price objective on shares of New Residential Investment in a research report on Monday, October 9th. Zacks Investment Research cut New Residential Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Vetr cut New Residential Investment from a “buy” rating to a “hold” rating and set a $17.14 price objective for the company. in a research report on Wednesday, September 13th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.09.

WARNING: “Invictus RG Invests $320,000 in New Residential Investment Corp (NRZ) Stock” was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/12/07/invictus-rg-invests-320000-in-new-residential-investment-corp-nrz-stock.html.

New Residential Investment 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 (NYSE:NRZ)

What are top analysts saying about New Residential Investment Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for New Residential Investment Corp and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit