New Residential Investment Corp (NRZ) : Yorktown Management Research Co Inc scooped up 105,000 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 Aug 12, 2016. The investment management firm now holds a total of 595,000 shares of New Residential Investment Corp which is valued at $8,407,350.New Residential Investment Corp makes up approximately 1.84% of Yorktown Management Research Co Inc’s portfolio.
Other Hedge Funds, Including , Proshare Advisors reduced its stake in NRZ by selling 7,921 shares or 8.3% in the most recent quarter. The Hedge Fund company now holds 87,505 shares of NRZ which is valued at $1,236,446. New Residential Investment Corp makes up approx 0.02% of Proshare Advisors’s portfolio.Tiaa Cref Investment Management reduced its stake in NRZ by selling 30,006 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 878,144 shares of NRZ which is valued at $12,408,175. New Residential Investment Corp makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Chicago Partners Investment Group reduced its stake in NRZ by selling 2,379 shares or 10.17% in the most recent quarter. The Hedge Fund company now holds 21,011 shares of NRZ which is valued at $296,465. New Residential Investment Corp makes up approx 0.14% of Chicago Partners Investment Group’s portfolio.
New Residential Investment Corp opened for trading at $13.97 and hit $14.35 on the upside on Monday, eventually ending the session at $14.14, with a gain of 1.43% or 0.2 points. The heightened volatility saw the trading volume jump to 27,20,417 shares. Company has a market cap of $3,259 M.
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. Compass Point Downgraded New Residential Investment Corp on May 18, 2016 to ” Neutral”, Price Target of the shares are set at $15.
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.