New Residential Investment Corp. (NRZ) Position Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its position in New Residential Investment Corp. (NYSE:NRZ) by 81.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,041 shares of the real estate investment trust’s stock after acquiring an additional 15,730 shares during the quarter. GSA Capital Partners LLP’s holdings in New Residential Investment Corp. were worth $545,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Alps Advisors Inc. increased its stake in New Residential Investment Corp. by 0.3% in the second quarter. Alps Advisors Inc. now owns 28,952 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 75 shares during the last quarter. US Bancorp DE increased its stake in New Residential Investment Corp. by 0.6% in the second quarter. US Bancorp DE now owns 15,807 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 100 shares during the last quarter. Trust Investment Advisors increased its stake in New Residential Investment Corp. by 0.4% in the second quarter. Trust Investment Advisors now owns 93,325 shares of the real estate investment trust’s stock valued at $1,452,000 after acquiring an additional 350 shares during the last quarter. Penserra Capital Management LLC increased its stake in New Residential Investment Corp. by 8.4% in the second quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 593 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in New Residential Investment Corp. by 9.6% in the second quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 629 shares during the last quarter. 48.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of New Residential Investment Corp. (NRZ) opened at 17.17 on Tuesday. The company has a market cap of $5.28 billion, a PE ratio of 6.10 and a beta of 1.03. New Residential Investment Corp. has a 1-year low of $13.62 and a 1-year high of $17.86. The firm’s 50 day moving average is $16.72 and its 200-day moving average is $16.51.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.48. The firm had revenue of $356.80 million for the quarter, compared to analysts’ expectations of $202.40 million. New Residential Investment Corp. had a net margin of 55.85% and a return on equity of 19.02%. During the same quarter last year, the company posted $0.52 EPS. Equities analysts expect that New Residential Investment Corp. will post $2.56 earnings per share for the current year.

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

TRADEMARK VIOLATION WARNING: This story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/10/new-residential-investment-corp-nrz-position-lifted-by-gsa-capital-partners-llp.html.

A number of brokerages recently issued reports on NRZ. ValuEngine raised shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Vetr raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.72 price objective on the stock in a research note on Monday, October 2nd. BidaskClub raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. FBR & Co reissued a “buy” rating and issued a $17.50 price objective on shares of New Residential Investment Corp. in a research note on Monday. Finally, Keefe, Bruyette & Woods reissued 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. Four equities research analy

A number of other large investors have also recently made changes to their positions in the stock. Alps Advisors Inc. increased its stake in New Residential Investment Corp. by 0.3% in the second quarter. Alps Advisors Inc. now owns 28,952 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 75 shares during the last quarter. US Bancorp DE increased its stake in New Residential Investment Corp. by 0.6% in the second quarter. US Bancorp DE now owns 15,807 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 100 shares during the last quarter. Trust Investment Advisors increased its stake in New Residential Investment Corp. by 0.4% in the second quarter. Trust Investment Advisors now owns 93,325 shares of the real estate investment trust’s stock valued at $1,452,000 after acquiring an additional 350 shares during the last quarter. Penserra Capital Management LLC increased its stake in New Residential Investment Corp. by 8.4% in the second quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 593 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in New Residential Investment Corp. by 9.6% in the second quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 629 shares during the last quarter. 48.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of New Residential Investment Corp. (NRZ) opened at 17.17 on Tuesday. The company has a market cap of $5.28 billion, a PE ratio of 6.10 and a beta of 1.03. New Residential Investment Corp. has a 1-year low of $13.62 and a 1-year high of $17.86. The firm’s 50 day moving average is $16.72 and its 200-day moving average is $16.51.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.48. The firm had revenue of $356.80 million for the quarter, compared to analysts’ expectations of $202.40 million. New Residential Investment Corp. had a net margin of 55.85% and a return on equity of 19.02%. During the same quarter last year, the company posted $0.52 EPS. Equities analysts expect that New Residential Investment Corp. will post $2.56 earnings per share for the current year.

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

TRADEMARK VIOLATION WARNING: This story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://ledgergazette.com/2017/10/10/new-residential-investment-corp-nrz-position-lifted-by-gsa-capital-partners-llp.html.

A number of brokerages recently issued reports on NRZ. ValuEngine raised shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Vetr raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.72 price objective on the stock in a research note on Monday, October 2nd. BidaskClub raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. FBR & Co reissued a “buy” rating and issued a $17.50 price objective on shares of New Residential Investment Corp. in a research note on Monday. Finally, Keefe, Bruyette & Woods reissued 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. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. New Residential Investment Corp. presently has an average rating of “Buy” and an average target price of $16.97.

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.

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

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