New Residential Investment Corp (NRZ) : Cedar Capital added new position in New Residential Investment Corp during the most recent quarter end. The investment management firm now holds 572,436 shares of New Residential Investment Corp which is valued at $7.6 Million , the company said in a statement filed on May 12, 2016 with the SEC.New Residential Investment Corp makes up approximately 2.23% of Cedar Capital’s portfolio.
Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in NRZ by selling 4,925 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 174,839 shares of NRZ which is valued at $2.3 Million.Blackrock Institutional Trust Company N.a. boosted its stake in NRZ in the latest quarter, The investment management firm added 128,227 additional shares and now holds a total of 6,048,004 shares of New Residential Investment Corp which is valued at $80.7 Million. New Residential Investment Corp makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio. Exane Derivatives added NRZ to its portfolio by purchasing 9,050 company shares during the most recent quarter which is valued at $115,478. New Residential Investment Corp makes up approx 0.02% of Exane Derivatives’s portfolio.Checchi Capital Advisers boosted its stake in NRZ in the latest quarter, The investment management firm added 2,145 additional shares and now holds a total of 25,305 shares of New Residential Investment Corp which is valued at $322,892. New Residential Investment Corp makes up approx 0.09% of Checchi Capital Advisers’s portfolio.Aperio Group reduced its stake in NRZ by selling 18,791 shares or 34.55% in the most recent quarter. The Hedge Fund company now holds 35,589 shares of NRZ which is valued at $430,627.
New Residential Investment Corp opened for trading at $13.21 and hit $13.35 on the upside on Friday, eventually ending the session at $13.33, with a gain of 1.29% or 0.17 points. The heightened volatility saw the trading volume jump to 20,48,531 shares. Company has a market cap of $3,072,178 M.
On the company’s financial health, New Residential Investment Corp reported $0.49 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.50.Analysts expectations of $ 138.01.During the same quarter in the previous year, the company posted $0.44 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.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.