Bank of New York Mellon Corp Buys 32,892 Shares of New Residential Investment Corp (NRZ)

Bank of New York Mellon Corp lifted its position in New Residential Investment Corp (NYSE:NRZ) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,872,643 shares of the real estate investment trust’s stock after acquiring an additional 32,892 shares during the period. Bank of New York Mellon Corp owned about 0.93% of New Residential Investment worth $48,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NRZ. Goldman Sachs Group Inc. grew its holdings in shares of New Residential Investment by 211.2% during the second quarter. Goldman Sachs Group Inc. now owns 2,147,579 shares of the real estate investment trust’s stock worth $33,416,000 after purchasing an additional 1,457,525 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of New Residential Investment by 2,526.4% during the second quarter. BNP Paribas Arbitrage SA now owns 1,365,991 shares of the real estate investment trust’s stock worth $21,255,000 after purchasing an additional 1,313,980 shares during the last quarter. Samlyn Capital LLC acquired a new position in shares of New Residential Investment in the second quarter worth approximately $12,201,000. Chicago Equity Partners LLC lifted its stake in shares of New Residential Investment by 166.6% in the third quarter. Chicago Equity Partners LLC now owns 1,053,610 shares of the real estate investment trust’s stock worth $17,627,000 after acquiring an additional 658,360 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of New Residential Investment by 96.7% in the third quarter. Principal Financial Group Inc. now owns 1,053,855 shares of the real estate investment trust’s stock worth $17,631,000 after acquiring an additional 518,089 shares during the period. 48.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of New Residential Investment Corp (NYSE NRZ) remained flat at $$18.02 during trading hours on Thursday. 2,475,800 shares of the company’s stock were exchanged, compared to its average volume of 3,683,449. The stock has a market cap of $5,538.65, a P/E ratio of 6.37, a P/E/G ratio of 6.74 and a beta of 1.02. New Residential Investment Corp has a fifty-two week low of $15.03 and a fifty-two week high of $18.18.

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

NRZ has been the topic of a number of recent analyst reports. Vetr raised New Residential Investment from a “hold” rating to a “buy” rating and set a $17.75 price objective on the stock in a research note on Thursday, October 26th. Barclays boosted their price target on New Residential Investment from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, October 24th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.00 price target on shares of New Residential Investment in a research note on Thursday, September 14th. B. Riley reissued a “buy” rating on shares of New Residential Investment in a research note on Wednesday, November 1st. Finally, ValuEngine raised New Residential Investment from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. New Residential Investment has an average rating of “Buy” and a consensus price target of $18.09.

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New Residential Investment 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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