New Residential Investment Corp (NRZ) Position Maintained by Baldwin Brothers Inc. MA

Baldwin Brothers Inc. MA held its stake in New Residential Investment Corp (NYSE:NRZ) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,000 shares of the real estate investment trust’s stock at the end of the first quarter. Baldwin Brothers Inc. MA’s holdings in New Residential Investment Corp were worth $136,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Iron Financial LLC raised its position in shares of New Residential Investment Corp by 4.3% in the third quarter. Iron Financial LLC now owns 18,595 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 760 shares in the last quarter. BlackRock Inc. raised its position in shares of New Residential Investment Corp by 1.5% in the third quarter. BlackRock Inc. now owns 70,812 shares of the real estate investment trust’s stock valued at $978,000 after buying an additional 1,039 shares in the last quarter. Aperio Group LLC raised its stake in New Residential Investment Corp by 3.4% in the third quarter. Aperio Group LLC now owns 37,125 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 1,206 shares during the period. Stockman Wealth Management Inc. raised its stake in New Residential Investment Corp by 1.1% in the fourth quarter. Stockman Wealth Management Inc. now owns 129,100 shares of the real estate investment trust’s stock worth $2,029,000 after buying an additional 1,400 shares during the period. Finally, GSA Capital Partners LLP raised its stake in New Residential Investment Corp by 11.5% in the fourth quarter. GSA Capital Partners LLP now owns 18,360 shares of the real estate investment trust’s stock worth $289,000 after buying an additional 1,901 shares during the period. Hedge funds and other institutional investors own 46.29% of the company’s stock.

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

New Residential Investment Corp (NYSE:NRZ) traded up 1.45% on Friday, hitting $16.06. 2,539,578 shares of the company were exchanged. The firm has a 50 day moving average of $16.74 and a 200-day moving average of $16.11. The stock has a market cap of $4.94 billion, a PE ratio of 7.88 and a beta of 0.96. New Residential Investment Corp has a 52-week low of $12.58 and a 52-week high of $17.86.

New Residential Investment Corp (NYSE:NRZ) last announced its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The company had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $239.83 million. New Residential Investment Corp had a return on equity of 15.13% and a net margin of 38.93%. The firm’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities analysts expect that New Residential Investment Corp will post $2.12 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on NRZ shares. Compass Point upgraded shares of New Residential Investment Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, January 31st. Zacks Investment Research upgraded shares of New Residential Investment Corp from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Saturday, February 4th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of New Residential Investment Corp in a report on Monday, February 6th. FBR & Co raised their price objective on shares of New Residential Investment Corp from $16.75 to $17.50 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. Finally, Vetr lowered shares of New Residential Investment Corp from a “buy” rating to a “hold” rating and set a $17.92 price objective on the stock. in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $16.89.

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.

12 Month Chart for NYSE:NRZ

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