New Residential Investment Corp (NRZ) : Jacobs Asset Management added new position in New Residential Investment Corp during the most recent quarter end. The investment management firm now holds 1,750,000 shares of New Residential Investment Corp which is valued at $24,745,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.New Residential Investment Corp makes up approximately 5.71% of Jacobs Asset Management’s portfolio.
Other Hedge Funds, Including , Geneva Advisors boosted its stake in NRZ in the latest quarter, The investment management firm added 17,406 additional shares and now holds a total of 50,000 shares of New Residential Investment Corp which is valued at $711,500. New Residential Investment Corp makes up approx 0.01% of Geneva Advisors’s portfolio.Dreman Value Management L L C reduced its stake in NRZ by selling 26,184 shares or 96.32% in the most recent quarter. The Hedge Fund company now holds 1,000 shares of NRZ which is valued at $14,230. New Residential Investment Corp makes up approx 0.01% of Dreman Value Management L L C’s portfolio.Northpointe Capital reduced its stake in NRZ by selling 16,272 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 581,742 shares of NRZ which is valued at $8,121,118. New Residential Investment Corp makes up approx 0.88% of Northpointe Capital’s portfolio.
New Residential Investment Corp opened for trading at $14.5 and hit $14.69 on the upside on Monday, eventually ending the session at $14.68, with a gain of 1.59% or 0.23 points. The heightened volatility saw the trading volume jump to 24,02,459 shares. Company has a market cap of $3,681 M.
On the company’s financial health, New Residential Investment Corp reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.49.Analysts expectations of $ 162.27.During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on New Residential Investment Corp. New Residential Investment Corp was Initiated by Nomura to “Neutral” on Oct 26, 2016. 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.