Seelaus Asset Management LLC Purchases 2,611 Shares of New Residential Investment Corp (NYSE:NRZ)

Seelaus Asset Management LLC raised its position in New Residential Investment Corp (NYSE:NRZ) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,969 shares of the real estate investment trust’s stock after purchasing an additional 2,611 shares during the period. Seelaus Asset Management LLC’s holdings in New Residential Investment were worth $477,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. increased its position in shares of New Residential Investment by 12.4% during the first quarter. BlackRock Inc. now owns 24,944,962 shares of the real estate investment trust’s stock worth $421,818,000 after acquiring an additional 2,755,787 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of New Residential Investment by 41.9% during the first quarter. State Treasurer State of Michigan now owns 10,154,734 shares of the real estate investment trust’s stock worth $171,717,000 after acquiring an additional 3,000,000 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of New Residential Investment by 16.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 8,278,265 shares of the real estate investment trust’s stock worth $139,986,000 after acquiring an additional 1,174,300 shares in the last quarter. Geode Capital Management LLC increased its position in shares of New Residential Investment by 14.3% during the fourth quarter. Geode Capital Management LLC now owns 4,380,624 shares of the real estate investment trust’s stock worth $62,408,000 after acquiring an additional 549,115 shares in the last quarter. Finally, American Assets Capital Advisers LLC increased its position in shares of New Residential Investment by 6.3% during the first quarter. American Assets Capital Advisers LLC now owns 1,699,365 shares of the real estate investment trust’s stock worth $28,737,000 after acquiring an additional 101,365 shares in the last quarter. 53.05% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of New Residential Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. Zacks Investment Research raised shares of New Residential Investment from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.88.



NRZ traded up $0.14 during trading hours on Tuesday, hitting $14.59. 2,694,199 shares of the company’s stock were exchanged, compared to its average volume of 3,334,560. New Residential Investment Corp has a 1-year low of $13.86 and a 1-year high of $18.75. The firm has a 50-day moving average price of $15.37. The company has a market capitalization of $6.23 billion, a PE ratio of 6.13 and a beta of 1.07.

New Residential Investment (NYSE:NRZ) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). New Residential Investment had a return on equity of 13.22% and a net margin of 17.24%. The business had revenue of $188.04 million for the quarter, compared to analyst estimates of $240.28 million. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, equities analysts predict that New Residential Investment Corp will post 2.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 1st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.71%. The ex-dividend date of this dividend was Friday, June 28th. New Residential Investment’s payout ratio is 84.03%.

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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