IFP Advisors Inc trimmed its holdings in shares of New Residential Investment Corp (NYSE:NRZ) by 35.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,781 shares of the real estate investment trust’s stock after selling 3,744 shares during the period. IFP Advisors Inc’s holdings in New Residential Investment were worth $121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of New Residential Investment by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,872,643 shares of the real estate investment trust’s stock worth $48,058,000 after purchasing an additional 32,892 shares in the last quarter. Bank of Montreal Can increased its stake in shares of New Residential Investment by 535.6% during the 4th quarter. Bank of Montreal Can now owns 2,640,397 shares of the real estate investment trust’s stock worth $47,210,000 after purchasing an additional 2,225,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of New Residential Investment by 6.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,849,926 shares of the real estate investment trust’s stock worth $33,077,000 after purchasing an additional 114,960 shares in the last quarter. First Trust Advisors LP increased its stake in shares of New Residential Investment by 56.0% during the 3rd quarter. First Trust Advisors LP now owns 1,346,443 shares of the real estate investment trust’s stock worth $22,526,000 after purchasing an additional 483,316 shares in the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new stake in New Residential Investment during the third quarter worth approximately $20,913,000. 45.14% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on NRZ. B. Riley restated a “buy” rating on shares of New Residential Investment in a research report on Wednesday, November 1st. Vetr upgraded shares of New Residential Investment from a “buy” rating to a “strong-buy” rating and set a $18.76 target price on the stock in a research report on Monday, February 5th. ValuEngine lowered shares of New Residential Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. FBR & Co restated a “buy” rating and set a $19.25 target price on shares of New Residential Investment in a research report on Monday, October 30th. Finally, Wedbush upgraded shares of New Residential Investment from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. New Residential Investment presently has a consensus rating of “Buy” and an average target price of $18.66.

Shares of New Residential Investment Corp (NRZ) opened at $16.30 on Friday. New Residential Investment Corp has a 1 year low of $15.04 and a 1 year high of $18.43. The stock has a market cap of $5,479.00, a P/E ratio of 5.76 and a beta of 0.92.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.27%. New Residential Investment’s dividend payout ratio (DPR) is presently 64.72%.

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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.

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

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