Invictus RG Buys Shares of 19,110 New Residential Investment Corp (NYSE:NRZ)

Invictus RG purchased a new stake in shares of New Residential Investment Corp (NYSE:NRZ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,110 shares of the real estate investment trust’s stock, valued at approximately $320,000.

Other institutional investors have also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. lifted its position in shares of New Residential Investment by 203.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 6,060 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 4,060 shares in the last quarter. IFP Advisors Inc lifted its position in shares of New Residential Investment by 9.6% during the 2nd quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 629 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of New Residential Investment by 8.4% during the 2nd quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 593 shares in the last quarter. Ffcm LLC lifted its position in shares of New Residential Investment by 673.4% during the 3rd quarter. Ffcm LLC now owns 6,976 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 6,074 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of New Residential Investment during the 2nd quarter valued at about $150,000. Institutional investors and hedge funds own 48.61% of the company’s stock.

A number of research firms have recently weighed in on NRZ. FBR & Co reaffirmed a “buy” rating and set a $19.25 price objective on shares of New Residential Investment in a research report on Monday, October 30th. B. Riley reissued a “buy” rating and issued a $19.25 price target on shares of New Residential Investment in a report on Wednesday, November 29th. Zacks Investment Research cut New Residential Investment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays boosted their price target on New Residential Investment from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, October 24th. Finally, Vetr cut New Residential Investment from a “buy” rating to a “hold” rating and set a $17.72 price target on the stock. in a report on Monday, October 9th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.09.

Shares of New Residential Investment Corp (NYSE NRZ) traded up $0.18 on Friday, hitting $18.29. The stock had a trading volume of 2,453,607 shares, compared to its average volume of 1,989,468. The stock has a market cap of $5,566.31, a PE ratio of 6.40, a price-to-earnings-growth ratio of 6.77 and a beta of 1.02. New Residential Investment Corp has a twelve month low of $15.03 and a twelve month high of $18.30.

New Residential Investment (NYSE:NRZ) last issued its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The business had revenue of $331.38 million for the quarter, compared to analysts’ expectations of $291.66 million. New Residential Investment had a return on equity of 19.38% and a net margin of 60.06%. The company’s revenue for the quarter was up 72.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. equities analysts predict that New Residential Investment Corp will post 2.68 earnings per share for the current year.

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New Residential Investment 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 (NYSE:NRZ)

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