AMP Capital Investors Ltd Has $678,000 Holdings in New Residential Investment Corp (NRZ)

AMP Capital Investors Ltd lowered its stake in shares of New Residential Investment Corp (NYSE:NRZ) by 8.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 40,513 shares of the real estate investment trust’s stock after selling 3,700 shares during the period. AMP Capital Investors Ltd’s holdings in New Residential Investment were worth $678,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dupont Capital Management Corp boosted its stake in New Residential Investment by 55.3% during the 3rd quarter. Dupont Capital Management Corp now owns 277,700 shares of the real estate investment trust’s stock valued at $4,646,000 after purchasing an additional 98,900 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in New Residential Investment by 63.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 155,034 shares of the real estate investment trust’s stock valued at $2,412,000 after purchasing an additional 60,175 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in New Residential Investment by 19.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 25,156 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 4,135 shares during the last quarter. Utah Retirement Systems acquired a new position in New Residential Investment during the 2nd quarter valued at about $874,000. Finally, BB&T Securities LLC boosted its stake in New Residential Investment by 2.8% during the 3rd quarter. BB&T Securities LLC now owns 482,718 shares of the real estate investment trust’s stock valued at $8,075,000 after purchasing an additional 13,294 shares during the last quarter. Institutional investors and hedge funds own 48.49% of the company’s stock.

New Residential Investment Corp (NRZ) opened at $18.27 on Friday. New Residential Investment Corp has a 1 year low of $15.03 and a 1 year high of $18.43. The company has a market cap of $5,593.98, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 6.80 and a beta of 1.02.

New Residential Investment (NYSE:NRZ) last posted its earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. The firm had revenue of $331.38 million for the quarter, compared to analysts’ expectations of $291.66 million. During the same quarter last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 72.1% compared to the same quarter last year. equities analysts anticipate that New Residential Investment Corp will post 2.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 10.95%. New Residential Investment’s dividend payout ratio is currently 64.72%.

A number of equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating on shares of New Residential Investment in a research note on Wednesday, November 1st. ValuEngine upgraded New Residential Investment from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Vetr upgraded New Residential Investment from a “hold” rating to a “buy” rating and set a $17.72 price target for the company in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.00 target price on shares of New Residential Investment in a research report on Thursday, September 14th. Finally, FBR & Co reissued a “buy” rating and set a $19.25 target price on shares of New Residential Investment in a research report on Monday, October 30th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $18.09.

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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.

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

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