BlueCrest Capital Management Ltd Takes Position in New Residential Investment Corp. (NRZ)

BlueCrest Capital Management Ltd acquired a new stake in New Residential Investment Corp. (NYSE:NRZ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 352,427 shares of the real estate investment trust’s stock, valued at approximately $5,484,000. BlueCrest Capital Management Ltd owned 0.11% of New Residential Investment Corp. at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc raised its holdings in New Residential Investment Corp. by 9.6% in the 2nd quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 629 shares during the period. Penserra Capital Management LLC increased its stake in New Residential Investment Corp. by 8.4% during the second quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 593 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in New Residential Investment Corp. during the second quarter worth about $150,000. Laurion Capital Management LP purchased a new stake in New Residential Investment Corp. during the second quarter worth about $166,000. Finally, Janus Henderson Group PLC purchased a new stake in New Residential Investment Corp. during the second quarter worth about $168,000. Hedge funds and other institutional investors own 48.12% of the company’s stock.

Shares of New Residential Investment Corp. (NRZ) traded down 0.52% during mid-day trading on Friday, reaching $17.18. 2,463,666 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $16.70 and a 200 day moving average price of $16.51. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 6.10 and a beta of 1.03. New Residential Investment Corp. has a 52 week low of $13.62 and a 52 week high of $17.86.

New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. The company had revenue of $356.80 million for the quarter, compared to the consensus estimate of $202.40 million. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. During the same period last year, the business posted $0.52 EPS. Equities research analysts predict that New Residential Investment Corp. will post $2.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Monday, October 2nd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.64%. New Residential Investment Corp.’s dividend payout ratio (DPR) is 72.20%.

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A number of brokerages have issued reports on NRZ. Vetr lowered shares of New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.72 price target on the stock. in a research note on Monday. ValuEngine upgraded shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.00 price target on shares of New Residential Investment Corp. in a research note on Thursday, September 14th. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 price target on shares of New Residential Investment Corp. in a research note on Sunday, August 27th. Finally, Zacks Investment Research upgraded shares of New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $16.97.

New Residential Investment Corp. 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 Corp. (NYSE:NRZ)

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