HighTower Advisors LLC boosted its stake in New Residential Investment Corp. (NYSE:NRZ) by 72.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 39,185 shares of the real estate investment trust’s stock after acquiring an additional 16,520 shares during the quarter. HighTower Advisors LLC’s holdings in New Residential Investment Corp. were worth $611,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in NRZ. BlackRock Inc. lifted its holdings in New Residential Investment Corp. by 39,965.7% in the 1st quarter. BlackRock Inc. now owns 26,571,141 shares of the real estate investment trust’s stock valued at $451,177,000 after purchasing an additional 26,504,822 shares in the last quarter. Vanguard Group Inc. lifted its holdings in New Residential Investment Corp. by 28.9% in the 1st quarter. Vanguard Group Inc. now owns 24,818,674 shares of the real estate investment trust’s stock valued at $421,421,000 after purchasing an additional 5,571,198 shares in the last quarter. State Street Corp lifted its holdings in New Residential Investment Corp. by 25.3% in the 1st quarter. State Street Corp now owns 5,913,353 shares of the real estate investment trust’s stock valued at $100,410,000 after purchasing an additional 1,192,731 shares in the last quarter. Bank of America Corp DE lifted its holdings in New Residential Investment Corp. by 9.3% in the 1st quarter. Bank of America Corp DE now owns 5,291,446 shares of the real estate investment trust’s stock valued at $89,849,000 after purchasing an additional 451,323 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in New Residential Investment Corp. by 49.8% in the 1st quarter. Geode Capital Management LLC now owns 2,963,482 shares of the real estate investment trust’s stock valued at $50,319,000 after purchasing an additional 984,728 shares in the last quarter. 48.05% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on NRZ. ValuEngine upgraded New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd. Vetr lowered New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.72 price objective on the stock. in a report on Monday, October 9th. BidaskClub upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. FBR & Co restated a “buy” rating and issued a $17.50 price objective on shares of New Residential Investment Corp. in a report on Monday, October 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $18.00 price objective on shares of New Residential Investment Corp. in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.97.

New Residential Investment Corp. (NYSE:NRZ) opened at 17.14 on Tuesday. New Residential Investment Corp. has a 12-month low of $13.63 and a 12-month high of $17.86. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 6.08 and a beta of 1.03. The stock’s 50 day moving average price is $16.79 and its 200 day moving average price is $16.52.

New Residential Investment Corp. (NYSE:NRZ) last posted its earnings results 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 company had revenue of $356.80 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $0.52 earnings per share. Analysts forecast that New Residential Investment Corp. will post $2.56 EPS for the current fiscal 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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 11.67%. The ex-dividend date of this dividend is Friday, September 29th. New Residential Investment Corp.’s dividend payout ratio (DPR) is 72.20%.

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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