New Residential Investment Corp (NYSE:NRZ) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in New Residential Investment Corp (NYSE:NRZ) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,627 shares of the real estate investment trust’s stock after selling 18,069 shares during the period. Janus Henderson Group PLC owned about 0.06% of New Residential Investment worth $4,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NRZ. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of New Residential Investment by 2.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,768 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 651 shares in the last quarter. Grassi Investment Management raised its position in New Residential Investment by 4.5% during the second quarter. Grassi Investment Management now owns 18,700 shares of the real estate investment trust’s stock worth $288,000 after acquiring an additional 800 shares during the period. Metropolitan Life Insurance Co NY lifted its holdings in New Residential Investment by 9.3% during the first quarter. Metropolitan Life Insurance Co NY now owns 9,747 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 828 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in New Residential Investment by 1.8% during the second quarter. Eqis Capital Management Inc. now owns 46,804 shares of the real estate investment trust’s stock valued at $720,000 after purchasing an additional 849 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in New Residential Investment by 0.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 280,840 shares of the real estate investment trust’s stock valued at $4,749,000 after purchasing an additional 866 shares in the last quarter. 53.25% of the stock is owned by institutional investors.

A number of analysts have recently commented on NRZ shares. ValuEngine cut shares of New Residential Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. BTIG Research started 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. Wedbush reiterated an “outperform” rating on shares of New Residential Investment in a report on Monday, August 19th. Zacks Investment Research lowered New Residential Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Finally, B. Riley set a $19.00 target price on New Residential Investment and gave the company a “buy” rating in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.75.

New Residential Investment stock opened at $15.06 on Wednesday. New Residential Investment Corp has a 52-week low of $13.63 and a 52-week high of $18.62. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 6.33 and a beta of 1.10. The company has a fifty day simple moving average of $14.68 and a 200-day simple moving average of $15.85.

New Residential Investment (NYSE:NRZ) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The business had revenue of $188.04 million during the quarter, compared to analysts’ expectations of $240.28 million. New Residential Investment had a return on equity of 13.22% and a net margin of 17.24%. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, equities analysts expect that New Residential Investment Corp will post 2.15 EPS for the current fiscal year.

New Residential Investment Company 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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Institutional Ownership by Quarter for New Residential Investment (NYSE:NRZ)

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