Venturi Wealth Management LLC lifted its position in shares of New Residential Investment Corp (NYSE:NRZ) by 16.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 257,002 shares of the real estate investment trust’s stock after buying an additional 37,091 shares during the period. Venturi Wealth Management LLC’s holdings in New Residential Investment were worth $4,140,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in NRZ. Nuveen Asset Management LLC purchased a new position in shares of New Residential Investment during the second quarter valued at approximately $23,526,000. Atria Investments LLC acquired a new position in New Residential Investment during the second quarter worth approximately $10,788,000. BlackRock Inc. increased its position in New Residential Investment by 3.9% during the second quarter. BlackRock Inc. now owns 25,928,104 shares of the real estate investment trust’s stock worth $399,033,000 after purchasing an additional 983,142 shares during the last quarter. California Public Employees Retirement System increased its position in New Residential Investment by 59.4% during the third quarter. California Public Employees Retirement System now owns 1,039,949 shares of the real estate investment trust’s stock worth $16,306,000 after purchasing an additional 387,518 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in New Residential Investment by 284.9% during the third quarter. Voloridge Investment Management LLC now owns 444,255 shares of the real estate investment trust’s stock worth $6,966,000 after purchasing an additional 328,828 shares during the last quarter. 51.33% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. ValuEngine raised shares of New Residential Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Argus assumed coverage on shares of New Residential Investment in a research report on Tuesday, December 31st. They set a “buy” rating and a $18.00 price target for the company. B. Riley reaffirmed a “buy” rating on shares of New Residential Investment in a research report on Monday, January 13th. Compass Point assumed coverage on shares of New Residential Investment in a research report on Monday, December 2nd. They set a “buy” rating and a $19.00 price target for the company. Finally, Piper Jaffray Companies lowered shares of New Residential Investment from an “overweight” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. New Residential Investment currently has a consensus rating of “Buy” and a consensus target price of $18.14.
New Residential Investment (NYSE:NRZ) last released its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). New Residential Investment had a return on equity of 12.69% and a net margin of 19.60%. The business had revenue of $202.23 million during the quarter, compared to analyst estimates of $227.21 million. During the same period in the previous year, the company earned $0.63 EPS. Analysts anticipate that New Residential Investment Corp will post 2.07 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.50 dividend. The ex-dividend date is Monday, December 30th. This represents a $2.00 annualized dividend and a dividend yield of 12.15%. New Residential Investment’s dividend payout ratio (DPR) is presently 84.03%.
In other news, Director Robert Mcginnis bought 4,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $15.73 per share, for a total transaction of $70,785.00. Following the completion of the purchase, the director now owns 61,243 shares of the company’s stock, valued at $963,352.39. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.
New Residential Investment 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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