National Asset Management Inc. Acquires Shares of 16,129 New Residential Investment Corp. (NYSE:NRZ)

National Asset Management Inc. acquired a new stake in shares of New Residential Investment Corp. (NYSE:NRZ – Get Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,129 shares of the real estate investment trust’s stock, valued at approximately $178,000.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of New Residential Investment during the 1st quarter worth $1,514,000. D. E. Shaw & Co. Inc. raised its stake in shares of New Residential Investment by 1.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 887,975 shares of the real estate investment trust’s stock worth $9,510,000 after purchasing an additional 11,597 shares during the period. Nisa Investment Advisors LLC increased its holdings in New Residential Investment by 10.1% in the 1st quarter. Nisa Investment Advisors LLC now owns 241,960 shares of the real estate investment trust’s stock worth $2,657,000 after acquiring an additional 22,242 shares during the last quarter. Mirador Capital Partners LP purchased a new stake in New Residential Investment in the 4th quarter worth about $338,000. Finally, Foundry Partners LLC increased its holdings in New Residential Investment by 4.2% in the 1st quarter. Foundry Partners LLC now owns 493,062 shares of the real estate investment trust’s stock worth $5,414,000 after acquiring an additional 19,687 shares during the last quarter. 46.48% of the stock is currently owned by institutional investors.

New Residential Investment Stock Down 0.2 %

Shares of NYSE NRZ opened at $10.89 on Tuesday. New Residential Investment Corp. has a 12 month low of $8.18 and a 12 month high of $11.81. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 4.82 and a beta of 1.68. The business has a 50-day moving average of $10.10 and a 200-day moving average of $10.43.

New Residential Investment (NYSE:NRZ – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. New Residential Investment had a return on equity of 13.84% and a net margin of 28.82%. During the same quarter last year, the business earned $0.34 earnings per share. Sell-side analysts expect that New Residential Investment Corp. will post 1.21 earnings per share for the current fiscal year.

New Residential Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.18%. The ex-dividend date of this dividend was Thursday, June 30th. New Residential Investment’s payout ratio is 44.25%.

Wall Street Analysts Forecast Growth

NRZ has been the subject of several recent research reports. Piper Sandler lowered New Residential Investment from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $12.00 to $10.00 in a report on Monday, June 13th. StockNews.com raised New Residential Investment from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Finally, Credit Suisse Group decreased their price objective on New Residential Investment to $12.00 in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, New Residential Investment presently has an average rating of “Moderate Buy” and an average target price of $12.00.

About New Residential Investment

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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, properties and loans, consumer loans, and other opportunistic investments.

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