New Residential Investment Corp. (NRZ) Shares Bought by BlueMountain Capital Management LLC

BlueMountain Capital Management LLC increased its position in New Residential Investment Corp. (NYSE:NRZ) by 192.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,629 shares of the real estate investment trust’s stock after buying an additional 133,269 shares during the period. BlueMountain Capital Management LLC owned 0.07% of New Residential Investment Corp. worth $3,153,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in New Residential Investment Corp. by 58.7% during the first quarter. Wells Fargo & Company MN now owns 1,413,015 shares of the real estate investment trust’s stock valued at $23,993,000 after purchasing an additional 522,706 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in New Residential Investment Corp. by 63.4% during the second 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 period. Suntrust Banks Inc. raised its position in New Residential Investment Corp. by 6.8% during the first quarter. Suntrust Banks Inc. now owns 47,874 shares of the real estate investment trust’s stock valued at $811,000 after purchasing an additional 3,051 shares during the period. Chicago Equity Partners LLC raised its position in New Residential Investment Corp. by 139.0% during the second quarter. Chicago Equity Partners LLC now owns 395,250 shares of the real estate investment trust’s stock valued at $6,150,000 after purchasing an additional 229,885 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in New Residential Investment Corp. by 634.1% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 276,671 shares of the real estate investment trust’s stock valued at $4,698,000 after purchasing an additional 238,981 shares during the period. Institutional investors own 47.81% of the company’s stock.

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Shares of New Residential Investment Corp. (NRZ) opened at 16.53 on Friday. The stock has a market capitalization of $5.08 billion, a P/E ratio of 5.87 and a beta of 1.02. New Residential Investment Corp. has a 12 month low of $13.30 and a 12 month high of $17.86. The firm’s 50-day moving average price is $16.60 and its 200-day moving average price is $16.50.

New Residential Investment Corp. (NYSE:NRZ) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $356.80 million for the quarter, compared to analyst estimates of $202.40 million. During the same period last year, the company posted $0.52 EPS. On average, equities research analysts forecast that New Residential Investment Corp. will post $2.56 EPS for the current year.

A number of equities research analysts have issued reports on NRZ shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.00 price objective on shares of New Residential Investment Corp. in a research report on Thursday, August 3rd. Vetr downgraded New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.14 price objective on the stock. in a research report on Wednesday. Zacks Investment Research upgraded New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. ValuEngine downgraded New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Wedbush downgraded New Residential Investment Corp. from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $16.50 in a research report on Tuesday, June 20th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.89.

About New Residential Investment Corp.

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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