New Residential Investment Corp (NYSE:NRZ) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of New Residential Investment Corp (NYSE:NRZ) by 8.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 423,941 shares of the real estate investment trust’s stock after selling 40,787 shares during the period. SG Americas Securities LLC owned about 0.10% of New Residential Investment worth $6,647,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Personal Wealth Partners purchased a new stake in shares of New Residential Investment in the 2nd quarter worth about $29,000. Liberty Wealth Management LLC grew its position in shares of New Residential Investment by 60.8% in the 2nd 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 during the period. Optimum Investment Advisors grew its position in shares of New Residential Investment by 166.0% in the 2nd quarter. Optimum Investment Advisors now owns 3,525 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 2,200 shares during the period. AdvisorNet Financial Inc grew its position in shares of New Residential Investment by 445.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,020 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 3,283 shares during the period. Finally, Signaturefd LLC grew its position in shares of New Residential Investment by 33.8% in the 2nd quarter. Signaturefd LLC now owns 5,603 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 1,415 shares during the period. Institutional investors own 52.67% of the company’s stock.

New Residential Investment stock traded up $0.08 during mid-day trading on Friday, reaching $16.21. The stock had a trading volume of 3,010,998 shares, compared to its average volume of 3,720,572. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 6.81 and a beta of 1.10. The company has a 50-day moving average price of $15.49 and a two-hundred day moving average price of $15.49. New Residential Investment Corp has a one year low of $13.63 and a one year high of $17.82.

New Residential Investment (NYSE:NRZ) last announced its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.01). The firm had revenue of $202.23 million during the quarter, compared to the consensus estimate of $227.21 million. New Residential Investment had a return on equity of 12.69% and a net margin of 19.60%. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, analysts forecast that New Residential Investment Corp will post 2.08 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 3rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 12.34%. The ex-dividend date of this dividend was Wednesday, October 2nd. New Residential Investment’s payout ratio is 84.03%.

A number of analysts have recently weighed in on NRZ shares. Zacks Investment Research raised shares of New Residential Investment from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Wedbush reiterated an “outperform” rating on shares of New Residential Investment in a research note on Monday, August 19th. ValuEngine upgraded shares of New Residential Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. B. Riley set a $18.50 price target on shares of New Residential Investment and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, BTIG Research began coverage on shares of New Residential Investment in a research note on Friday, September 6th. They issued a “buy” rating and a $18.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.00.

In other news, Director Robert Mcginnis purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $15.73 per share, for a total transaction of $70,785.00. Following the purchase, the director now directly owns 61,243 shares in the company, valued at approximately $963,352.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.47% of the company’s stock.

About New Residential Investment

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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