New Residential Investment Corp (NRZ) : Phoenix Investment Adviser reduced its stake in New Residential Investment Corp by 38.81% during the most recent quarter end. The investment management company now holds a total of 82,000 shares of New Residential Investment Corp which is valued at $975,800 after selling 52,000 shares in New Residential Investment Corp , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.New Residential Investment Corp makes up approximately 1.22% of Phoenix Investment Adviser’s portfolio.
New Residential Investment Corp (NRZ) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11.88 and reached the intraday high at $11.96. The bulls started the profit booking and pushed the shares to intraday low of $11.81. The trading session was marked by a volume range of 29,66,265 shares exchanging hands. The 52-week high of the shares is $17.91 and the 52-week low is $9.07. The market cap of the company stands at $2,743 M and there are 23,04,71,200 shares in public circulation.
Other Hedge Funds, Including , Lenox Wealth Advisors sold out all of its stake in NRZ during the most recent quarter. The investment firm sold 166 shares of NRZ which is valued $1,975.Creative Planning reduced its stake in NRZ by selling 9,700 shares or 22.73% in the most recent quarter. The Hedge Fund company now holds 32,982 shares of NRZ which is valued at $384,240. Proficio Capital Partners added NRZ to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $58,250. New Residential Investment Corp makes up approx 0.05% of Proficio Capital Partners’s portfolio.Eagle Asset Management Inc boosted its stake in NRZ in the latest quarter, The investment management firm added 8,194 additional shares and now holds a total of 1,127,738 shares of New Residential Investment Corp which is valued at $13,138,148. New Residential Investment Corp makes up approx 0.09% of Eagle Asset Management Inc’s portfolio.Edge Wealth Management reduced its stake in NRZ by selling 600 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 46,100 shares of NRZ which is valued at $537,065. New Residential Investment Corp makes up approx 0.24% of Edge Wealth Management’s portfolio.
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 Feb 24, 2016. Analyst had a consensus of $0.50.Analysts expectations of $ 144.65.During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on New Residential Investment Corp. Shares were Reiterated by Compass Point on Mar 9, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $16 .Shares were Reiterated by FBR Capital on Feb 25, 2016 to “Outperform” and Lowered the Price Target to $ 15.50 from a previous price target of $21 .
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.