Residential propety

Parallel Advisors LLC holds a $112,000 position in New Residential Investment Corp. (NYSE:NRZ)


Parallel Advisors LLC increased its position in New Residential Investment Corp. (NYSE: NRZ – Get Rating) by 370.0% in Q1, according to its latest filing with the Securities and Exchange Commission. The institutional investor held 10,040 shares of the real estate investment trust after purchasing an additional 7,904 shares during the quarter. Parallel Advisors LLC’s holdings in New Residential Investment were worth $112,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors have also recently changed their positions in the company. Kestra Private Wealth Services LLC acquired a new position in New Residential Investment during Q4 worth approximately $132,000. National Bank Huntington acquired a new position in new residential investments during the 4th quarter worth approximately $32,000. National Bank of Canada FI acquired a new position in New Residential Investments during the 4th quarter worth approximately $42,000. RMB Capital Management LLC increased its position in new residential investments by 8.4% during the 4th quarter. RMB Capital Management LLC now owns 128,860 shares of the real estate investment trust worth $1,380,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new position in New Residential Investment during Q4 worth approximately $128,000. 46.48% of the shares are currently held by institutional investors and hedge funds.

New residential investment trading up 0.9%

NYSE NRZ shares opened at $10.15 on Friday. The company has a debt ratio of 0.09, a quick ratio of 0.44 and a current ratio of 0.44. New Residential Investment Corp. has a 52-week low of $8.18 and a 52-week high of $11.81. The company has a 50-day moving average price of $10.14 and a two-hundred-day moving average price of $10.45. The stock has a market capitalization of $4.74 billion, a P/E ratio of 4.49 and a beta of 1.67.

New Residential Investment (NYSE:NRZ – Get Rating) last released quarterly earnings data on Tuesday, May 3. The real estate investment trust reported EPS of $0.37 for the quarter, beating consensus analyst estimates of $0.35 by $0.02. New Residential Investments generated a net margin of 28.82% and a return on equity of 13.84%. During the same period last year, the company posted EPS of $0.34. As a group, stock analysts expect New Residential Investment Corp. will post an EPS of 1.21 for the current year.

New residential investment announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Friday, July 1 will receive a dividend of $0.25. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 9.85%. The ex-date of this dividend is Thursday, June 30. The New Residential Investment dividend payout rate is currently 44.25%.

Analyst upgrades and downgrades

A number of stock analysts have recently released reports on the stock. StockNews.com upgraded shares of New Residential Investment from a “hold” rating to a “buy” rating in a Monday, May 9 research report. Raymond James raised its price target on New Residential Investment shares from $13.00 to $13.50 and gave the stock an “outperform” rating in a Tuesday, March 29 research report. Finally, Piper Sandler cut shares of New Residential Investment from a “neutral” rating to an “underweight” rating and lowered her price target for the company from $12.00 to $10.00 in a report. research on Monday, June 13. One financial analyst gave the stock a sell rating and seven gave the stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.20.

New Home Investment Business Profile

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New Residential Investment Corp. operates as a real estate investment trust in the United States. It operates through Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans and Corporate segments. The Company invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, property and loans, consumer loans and other opportunistic investments.

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Institutional ownership by quarter for new residential investments (NYSE:NRZ)



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