New Residential Investment Corp (NRZ) : Edge Wealth Management scooped up 1,400 additional shares in New Residential Investment Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 51,613 shares of New Residential Investment Corp which is valued at $718,969.New Residential Investment Corp makes up approximately 0.30% of Edge Wealth Management’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in NRZ by selling 13,205 shares or 70.0% in the most recent quarter. The Hedge Fund company now holds 5,660 shares of NRZ which is valued at $78,844.Eagle Asset Management Inc boosted its stake in NRZ in the latest quarter, The investment management firm added 17,165 additional shares and now holds a total of 1,020,836 shares of New Residential Investment Corp which is valued at $13,975,245. New Residential Investment Corp makes up approx 0.10% of Eagle Asset Management Inc’s portfolio.Legal General Group Plc boosted its stake in NRZ in the latest quarter, The investment management firm added 37,856 additional shares and now holds a total of 174,709 shares of New Residential Investment Corp which is valued at $2,391,766. Cutler Group Lp added NRZ to its portfolio by purchasing 5,517 company shares during the most recent quarter which is valued at $76,079.Bnp Paribas Arbitrage Sa reduced its stake in NRZ by selling 149,222 shares or 87.21% in the most recent quarter. The Hedge Fund company now holds 21,885 shares of NRZ which is valued at $295,010.
New Residential Investment Corp closed down -0.1 points or -0.73% at $13.69 with 13,49,499 shares getting traded on Tuesday. Post opening the session at $13.8, the shares hit an intraday low of $13.63 and an intraday high of $13.87 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, New Residential Investment Corp reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.50. The company had revenue of $137.43 million for the quarter, compared to analysts expectations of $161.00 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on New Residential Investment Corp. New Residential Investment Corp was Resumed by Piper Jaffray to “Overweight” on Sep 9, 2016.
New Residential Investment Corp. (New Residential) is a publicly traded real estate investment trust. The Company is focused on investing and managing residential real estate investments. Its portfolio consists of servicing related assets residential securities and loans and other investments. Its business segments include: Excess Mortgage Servicing Rights (Excess MSRs) Servicer Advances Real Estate Securities Real Estate Loans Consumer Loans and Corporate. It has acquired Excess MSRs on residential mortgage loans with an aggregate unpaid principal balance (UPB) as of December 31 2014 of approximately $248.7 billion. It acquires and manages a portfolio of credit sensitive real estate securities including Non-Agency and Agency residential mortgage backed securities (RMBS). It has acquired residential mortgage loans including performing non-performing re-performing and reverse mortgage loans.