New Residential Investment (NYSE:NRZ) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of New Residential Investment (NYSE:NRZGet Rating) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

New Residential Investment Stock Performance

The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 4.82 and a beta of 1.68. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.09. New Residential Investment has a twelve month low of $8.18 and a twelve month high of $11.81.

Hedge Funds Weigh In On New Residential Investment

Several large investors have recently bought and sold shares of NRZ. Legal & General Group Plc grew its holdings in shares of New Residential Investment by 86.0% during the second quarter. Legal & General Group Plc now owns 1,010,659 shares of the company’s stock worth $9,420,000 after purchasing an additional 467,395 shares during the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of New Residential Investment during the third quarter worth about $3,199,000. State Street Corp grew its holdings in shares of New Residential Investment by 5.6% during the second quarter. State Street Corp now owns 8,042,602 shares of the company’s stock worth $76,961,000 after buying an additional 427,750 shares during the last quarter. Arete Wealth Advisors LLC purchased a new position in shares of New Residential Investment during the third quarter worth about $1,996,000. Finally, California Public Employees Retirement System grew its holdings in shares of New Residential Investment by 24.8% during the third quarter. California Public Employees Retirement System now owns 1,160,515 shares of the company’s stock worth $8,495,000 after buying an additional 230,432 shares during the last quarter. Hedge funds and other institutional investors own 46.48% of the company’s stock.

New Residential Investment Company Profile

(Get Rating)

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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