Public Employees Retirement System of Ohio boosted its holdings in New Residential Investment Corp (NYSE:NRZ) by 85.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 480,693 shares of the real estate investment trust’s stock after purchasing an additional 222,040 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in New Residential Investment were worth $7,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Penserra Capital Management LLC bought a new position in shares of New Residential Investment during the first quarter worth approximately $25,000. Personal Wealth Partners acquired a new stake in New Residential Investment during the second quarter worth approximately $29,000. Liberty Wealth Management LLC grew its position in New Residential Investment by 60.8% during the second quarter. Liberty Wealth Management LLC now owns 2,531 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 957 shares in the last quarter. TCG Advisors LP bought a new position in New Residential Investment during the 1st quarter worth $49,000. Finally, Optimum Investment Advisors increased its stake in New Residential Investment by 166.0% during the 2nd quarter. Optimum Investment Advisors now owns 3,525 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 2,200 shares during the period. 53.25% of the stock is owned by hedge funds and other institutional investors.

NRZ traded up $0.02 during trading on Wednesday, hitting $15.08. 101,213 shares of the stock traded hands, compared to its average volume of 3,462,757. New Residential Investment Corp has a twelve month low of $13.63 and a twelve month high of $18.62. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 6.33 and a beta of 1.10. The business has a 50 day moving average price of $14.68 and a 200 day moving average price of $15.85.

New Residential Investment (NYSE:NRZ) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). New Residential Investment had a net margin of 17.24% and a return on equity of 13.22%. The business had revenue of $188.04 million during the quarter, compared to analyst estimates of $240.28 million. During the same period in the prior year, the business posted $0.58 EPS. On average, analysts forecast that New Residential Investment Corp will post 2.15 EPS for the current year.

A number of research firms have recently weighed in on NRZ. ValuEngine downgraded New Residential Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. BTIG Research assumed coverage on New Residential Investment in a research report on Friday, September 6th. They issued a “buy” rating and a $18.00 price target on the stock. B. Riley set a $19.00 price target on New Residential Investment and gave the company a “buy” rating in a research note on Thursday, August 29th. Zacks Investment Research cut shares of New Residential Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Finally, Wedbush reaffirmed an “outperform” rating on shares of New Residential Investment in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $18.75.

New Residential Investment Company Profile

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing and Originations, Residential Securities and Loans, and Consumer Loans segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.

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

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