OppenheimerFunds Inc. Has $248,000 Position in New Residential Investment Corp (NRZ)

OppenheimerFunds Inc. increased its position in shares of New Residential Investment Corp (NYSE:NRZ) by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,865 shares of the real estate investment trust’s stock after acquiring an additional 3,395 shares during the quarter. OppenheimerFunds Inc.’s holdings in New Residential Investment were worth $248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services Inc boosted its holdings in shares of New Residential Investment by 4.1% in the 3rd quarter. Commonwealth Equity Services Inc now owns 79,794 shares of the real estate investment trust’s stock valued at $1,334,000 after purchasing an additional 3,124 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of New Residential Investment by 0.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,071,449 shares of the real estate investment trust’s stock valued at $18,150,000 after purchasing an additional 3,387 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of New Residential Investment by 9.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 42,100 shares of the real estate investment trust’s stock valued at $753,000 after purchasing an additional 3,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of New Residential Investment by 37.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,876 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 4,554 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its holdings in shares of New Residential Investment by 31.7% in the 3rd quarter. Cetera Advisor Networks LLC now owns 20,375 shares of the real estate investment trust’s stock valued at $343,000 after purchasing an additional 4,899 shares during the last quarter. Hedge funds and other institutional investors own 48.41% of the company’s stock.

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NRZ stock opened at $16.49 on Friday. New Residential Investment Corp has a one year low of $15.04 and a one year high of $18.43. The company has a market cap of $5,633.63, a price-to-earnings ratio of 5.29 and a beta of 0.97.

New Residential Investment (NYSE:NRZ) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. New Residential Investment had a net margin of 63.01% and a return on equity of 18.73%. The business had revenue of $235.27 million for the quarter, compared to the consensus estimate of $178.15 million. During the same quarter last year, the firm posted $0.62 EPS. analysts anticipate that New Residential Investment Corp will post 2.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 2nd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.13%. The ex-dividend date of this dividend is Thursday, March 29th. New Residential Investment’s dividend payout ratio is presently 64.10%.

A number of brokerages have weighed in on NRZ. Vetr upgraded shares of New Residential Investment from a “buy” rating to a “strong-buy” rating and set a $18.86 price target on the stock in a report on Friday. Zacks Investment Research upgraded shares of New Residential Investment from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. B. Riley set a $19.00 price target on shares of New Residential Investment and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, ValuEngine lowered shares of New Residential Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $18.64.

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About New Residential Investment

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 (NYSE:NRZ)

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