New Residential Investment Corp (NRZ) : Tilden Park Management I scooped up 100,000 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 May 10, 2016. The investment management firm now holds a total of 2,307,700 shares of New Residential Investment Corp which is valued at $30,784,718.New Residential Investment Corp makes up approximately 100.00% of Tilden Park Management I’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in NRZ in the latest quarter, The investment management firm added 47,760 additional shares and now holds a total of 170,984 shares of New Residential Investment Corp which is valued at $2,280,927.Swiss National Bank boosted its stake in NRZ in the latest quarter, The investment management firm added 75,100 additional shares and now holds a total of 378,305 shares of New Residential Investment Corp which is valued at $4,827,172. New Residential Investment Corp makes up approx 0.01% of Swiss National Bank’s portfolio. Northpointe Capital added NRZ to its portfolio by purchasing 642,108 company shares during the most recent quarter which is valued at $7,769,507. New Residential Investment Corp makes up approx 0.95% of Northpointe Capital’s portfolio. Glenmede Trust Co Na added NRZ to its portfolio by purchasing 231 company shares during the most recent quarter which is valued at $2,795.
New Residential Investment Corp opened for trading at $13.32 and hit $13.43 on the upside on Monday, eventually ending the session at $13.39, with a gain of 0.37% or 0.05 points. The heightened volatility saw the trading volume jump to 20,70,568 shares. Company has a market cap of $3,086 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. 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.