Winfield Associates Inc. Has $2.66 Million Holdings in New Residential Investment Corp (NYSE:NRZ)

Winfield Associates Inc. raised its position in New Residential Investment Corp (NYSE:NRZ) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,077 shares of the real estate investment trust’s stock after acquiring an additional 610 shares during the quarter. New Residential Investment makes up about 1.4% of Winfield Associates Inc.’s holdings, making the stock its 20th biggest holding. Winfield Associates Inc.’s holdings in New Residential Investment were worth $2,656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NRZ. Metropolitan Life Insurance Co. NY increased its holdings in shares of New Residential Investment by 8.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,919 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 674 shares during the period. AE Wealth Management LLC increased its holdings in shares of New Residential Investment by 2.5% in the 4th quarter. AE Wealth Management LLC now owns 29,115 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 708 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in shares of New Residential Investment by 1.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 45,553 shares of the real estate investment trust’s stock valued at $647,000 after acquiring an additional 764 shares during the period. SeaBridge Investment Advisors LLC increased its holdings in shares of New Residential Investment by 0.5% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 175,460 shares of the real estate investment trust’s stock valued at $2,493,000 after acquiring an additional 880 shares during the period. Finally, Global Financial Private Capital LLC increased its holdings in shares of New Residential Investment by 6.7% in the 4th quarter. Global Financial Private Capital LLC now owns 17,946 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 1,128 shares during the period. Institutional investors own 48.48% of the company’s stock.

In other news, Director David Saltzman bought 14,174 shares of New Residential Investment stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $16.66 per share, for a total transaction of $236,138.84. Following the acquisition, the director now owns 38,887 shares in the company, valued at $647,857.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Nierenberg bought 60,000 shares of New Residential Investment stock in a transaction on Friday, February 22nd. The stock was purchased at an average price of $16.50 per share, for a total transaction of $990,000.00. Following the completion of the acquisition, the chief executive officer now owns 995,352 shares in the company, valued at approximately $16,423,308. The disclosure for this purchase can be found here. 0.47% of the stock is currently owned by corporate insiders.

Shares of NYSE NRZ opened at $16.65 on Friday. New Residential Investment Corp has a one year low of $13.86 and a one year high of $18.75. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 7.00 and a beta of 1.09.

New Residential Investment (NYSE:NRZ) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $423.08 million for the quarter, compared to analyst estimates of $403.45 million. New Residential Investment had a net margin of 29.22% and a return on equity of 13.96%. The business’s revenue for the quarter was up 62.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. As a group, sell-side analysts predict that New Residential Investment Corp will post 2.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Thursday, April 4th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 12.01%. New Residential Investment’s dividend payout ratio (DPR) is 84.03%.

NRZ has been the topic of a number of recent research reports. Zacks Investment Research cut shares of New Residential Investment from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Nomura assumed coverage on shares of New Residential Investment in a research note on Wednesday, March 27th. They issued a “buy” rating and a $18.50 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. New Residential Investment currently has a consensus rating of “Buy” and an average price target of $19.30.

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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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