New Residential Investment Corp (NRZ) Stake Held by Baldwin Brothers Inc. MA

Baldwin Brothers Inc. MA held its position in New Residential Investment Corp (NYSE:NRZ) during the first quarter, Holdings Channel reports. 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 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NRZ. Menlo Advisors LLC acquired a new position in New Residential Investment Corp during the first quarter worth $2,352,000. Edge Wealth Management LLC raised its position in New Residential Investment Corp by 64.4% in the first quarter. Edge Wealth Management LLC now owns 45,063 shares of the real estate investment trust’s stock worth $766,000 after buying an additional 17,650 shares during the last quarter. Creative Planning raised its position in New Residential Investment Corp by 12.2% in the first quarter. Creative Planning now owns 58,822 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 6,386 shares during the last quarter. Park National Corp OH raised its position in New Residential Investment Corp by 50.0% in the first quarter. Park National Corp OH now owns 15,000 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 5,000 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in New Residential Investment Corp by 326.1% in the fourth quarter. Teachers Advisors LLC now owns 1,667,831 shares of the real estate investment trust’s stock worth $26,218,000 after buying an additional 1,276,387 shares during the last quarter. 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) opened at 16.39 on Friday. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 7.74 and a beta of 0.96. The firm has a 50-day moving average of $17.00 and a 200 day moving average of $15.72. New Residential Investment Corp has a 12-month low of $11.87 and a 12-month high of $17.86.

New Residential Investment Corp (NYSE:NRZ) last announced its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. The firm had revenue of $231.81 million for the quarter, compared to analysts’ expectations of $158.30 million. New Residential Investment Corp had a net margin of 38.93% and a return on equity of 15.13%. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities analysts predict that New Residential Investment Corp will post $2.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Monday, March 27th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 11.71%. This is a boost from New Residential Investment Corp’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, March 23rd. New Residential Investment Corp’s payout ratio is 112.20%.

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A number of equities analysts recently weighed in on the stock. Vetr upgraded shares of New Residential Investment Corp from a “hold” rating to a “buy” rating and set a $17.92 price target on the stock in a research report on Thursday. Zacks Investment Research upgraded shares of New Residential Investment Corp from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, April 5th. FBR & Co restated an “outperform” rating and set a $17.50 price target on shares of New Residential Investment Corp in a research report on Tuesday, March 28th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of New Residential Investment Corp in a research report on Monday, February 6th. Finally, Compass Point upgraded shares of New Residential Investment Corp from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 31st. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.71.

In other New Residential Investment Corp news, CEO Michael Nierenberg purchased 18,600 shares of New Residential Investment Corp stock in a transaction on Friday, February 3rd. The shares were purchased at an average cost of $15.00 per share, with a total value of $279,000.00. Following the completion of the transaction, the chief executive officer now directly owns 935,352 shares in the company, valued at approximately $14,030,280. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

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.

5 Day Chart for NYSE:NRZ

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