Berson Corrado Investment Advisors Lowers stake in New Residential Investment Corp (NRZ)

New Residential Investment Corp (NRZ) : Berson Corrado Investment Advisors reduced its stake in New Residential Investment Corp by 4.51% during the most recent quarter end. The investment management company now holds a total of 513,494 shares of New Residential Investment Corp which is valued at $6,660,017 after selling 24,275 shares in New Residential Investment Corp , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.New Residential Investment Corp makes up approximately 2.48% of Berson Corrado Investment Advisors’s portfolio.

Other Hedge Funds, Including , Edge Wealth Management boosted its stake in NRZ in the latest quarter, The investment management firm added 4,113 additional shares and now holds a total of 50,213 shares of New Residential Investment Corp which is valued at $651,263. New Residential Investment Corp makes up approx 0.27% of Edge Wealth Management’s portfolio.Next Financial Group Inc boosted its stake in NRZ in the latest quarter, The investment management firm added 1,001 additional shares and now holds a total of 6,209 shares of New Residential Investment Corp which is valued at $80,531. New Residential Investment Corp makes up approx 0.03% of Next Financial Group Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in NRZ in the latest quarter, The investment management firm added 167,730 additional shares and now holds a total of 171,107 shares of New Residential Investment Corp which is valued at $2,219,258. New Residential Investment Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

New Residential Investment Corp opened for trading at $13.25 and hit $13.34 on the upside on Wednesday, eventually ending the session at $13.26, with a gain of 0.08% or 0.01 points. The heightened volatility saw the trading volume jump to 15,45,473 shares. Company has a market cap of $3,056 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.

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.

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