Goldman Sachs Group Inc. Has $33.42 Million Stake in New Residential Investment Corp. (NRZ)

Goldman Sachs Group Inc. lifted its holdings in shares of New Residential Investment Corp. (NYSE:NRZ) by 211.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,147,579 shares of the real estate investment trust’s stock after buying an additional 1,457,525 shares during the period. Goldman Sachs Group Inc. owned about 0.70% of New Residential Investment Corp. worth $33,416,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NRZ. IFP Advisors Inc raised its stake in shares of New Residential Investment Corp. by 9.6% during the 2nd quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 629 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of New Residential Investment Corp. by 8.4% during the 2nd quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 593 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of New Residential Investment Corp. during the 2nd quarter worth approximately $150,000. Laurion Capital Management LP purchased a new position in shares of New Residential Investment Corp. during the 2nd quarter worth approximately $166,000. Finally, Green Square Capital LLC purchased a new position in shares of New Residential Investment Corp. during the 1st quarter worth approximately $175,000. 48.12% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have recently issued reports on the company. FBR & Co reissued a “buy” rating and set a $17.50 target price on shares of New Residential Investment Corp. in a research note on Monday. Vetr downgraded New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.72 price objective for the company. in a research note on Monday. ValuEngine raised New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.00 price objective on shares of New Residential Investment Corp. in a research note on Thursday, August 3rd. Finally, BidaskClub raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. New Residential Investment Corp. presently has a consensus rating of “Buy” and an average price target of $16.97.

New Residential Investment Corp. (NYSE NRZ) opened at 17.17 on Tuesday. The stock has a market capitalization of $5.28 billion, a P/E ratio of 6.10 and a beta of 1.03. The company has a 50-day moving average price of $16.72 and a 200 day moving average price of $16.51. New Residential Investment Corp. has a 1-year low of $13.62 and a 1-year high of $17.86.

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 analysts’ consensus estimates of $0.55 by $0.48. The firm had revenue of $356.80 million during the quarter, compared to the consensus estimate of $202.40 million. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. During the same period in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts predict that New Residential Investment Corp. will post $2.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 2nd will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a yiel

Several other hedge funds have also modified their holdings of NRZ. IFP Advisors Inc raised its stake in shares of New Residential Investment Corp. by 9.6% during the 2nd quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 629 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of New Residential Investment Corp. by 8.4% during the 2nd quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 593 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of New Residential Investment Corp. during the 2nd quarter worth approximately $150,000. Laurion Capital Management LP purchased a new position in shares of New Residential Investment Corp. during the 2nd quarter worth approximately $166,000. Finally, Green Square Capital LLC purchased a new position in shares of New Residential Investment Corp. during the 1st quarter worth approximately $175,000. 48.12% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Goldman Sachs Group Inc. Has $33.42 Million Stake in New Residential Investment Corp. (NRZ)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/goldman-sachs-group-inc-has-33-42-million-stake-in-new-residential-investment-corp-nrz.html.

A number of equities analysts have recently issued reports on the company. FBR & Co reissued a “buy” rating and set a $17.50 target price on shares of New Residential Investment Corp. in a research note on Monday. Vetr downgraded New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.72 price objective for the company. in a research note on Monday. ValuEngine raised New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.00 price objective on shares of New Residential Investment Corp. in a research note on Thursday, August 3rd. Finally, BidaskClub raised New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. New Residential Investment Corp. presently has a consensus rating of “Buy” and an average price target of $16.97.

New Residential Investment Corp. (NYSE NRZ) opened at 17.17 on Tuesday. The stock has a market capitalization of $5.28 billion, a P/E ratio of 6.10 and a beta of 1.03. The company has a 50-day moving average price of $16.72 and a 200 day moving average price of $16.51. New Residential Investment Corp. has a 1-year low of $13.62 and a 1-year high of $17.86.

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 analysts’ consensus estimates of $0.55 by $0.48. The firm had revenue of $356.80 million during the quarter, compared to the consensus estimate of $202.40 million. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. During the same period in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts predict that New Residential Investment Corp. will post $2.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 2nd will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a yield of 11.65%. New Residential Investment Corp.’s dividend payout ratio (DPR) is 72.20%.

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.

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

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