Janus Henderson Group PLC bought a new stake in New Residential Investment Corp. (NYSE:NRZ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,791 shares of the real estate investment trust’s stock, valued at approximately $168,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of 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 purchasing an additional 629 shares in the last quarter. Penserra Capital Management LLC lifted its position in New Residential Investment Corp. by 8.4% in 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 acquiring an additional 593 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new stake in New Residential Investment Corp. in the 2nd quarter valued at $150,000. Laurion Capital Management LP bought a new stake in New Residential Investment Corp. in the 2nd quarter valued at $166,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in New Residential Investment Corp. by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,407 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 48.10% of the company’s stock.

New Residential Investment Corp. (NYSE:NRZ) opened at 17.63 on Wednesday. The firm’s 50 day moving average is $17.07 and its 200-day moving average is $16.55. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 6.26 and a beta of 1.03. New Residential Investment Corp. has a 12 month low of $13.63 and a 12 month high of $17.91.

New Residential Investment Corp. (NYSE:NRZ) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. The business had revenue of $331.38 million during the quarter, compared to analyst estimates of $291.66 million. New Residential Investment Corp. had a net margin of 60.06% and a return on equity of 20.02%. New Residential Investment Corp.’s revenue for the quarter was up 72.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. On average, equities analysts forecast that New Residential Investment Corp. will post $2.67 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Monday, October 2nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.34%. New Residential Investment Corp.’s payout ratio is 64.72%.

Several equities research analysts recently commented on the stock. Vetr cut shares of New Residential Investment Corp. from a “hold” rating to a “sell” rating and set a $16.55 price objective on the stock. in a research report on Wednesday, August 2nd. BidaskClub raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. FBR & Co reissued a “buy” rating and set a $19.25 price target on shares of New Residential Investment Corp. in a research report on Monday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.00 price target on shares of New Residential Investment Corp. in a research report on Thursday, September 14th. Finally, ValuEngine cut shares of New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.56.

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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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