New Residential Investment Corp (NRZ) : Vaughan Nelson Investment Management scooped up 758,875 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 11, 2016. The investment management firm now holds a total of 7,319,950 shares of New Residential Investment Corp which is valued at $103,430,894.New Residential Investment Corp makes up approximately 1.26% of Vaughan Nelson Investment Management’s portfolio.
Other Hedge Funds, Including , Wfg Advisors Lp sold out all of its stake in NRZ during the most recent quarter. The investment firm sold 585 shares of NRZ which is valued $8,266. Highlander Capital Management added NRZ to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $42,390. New Residential Investment Corp makes up approx 0.04% of Highlander Capital Management’s portfolio.Bb&t Securities boosted its stake in NRZ in the latest quarter, The investment management firm added 258,703 additional shares and now holds a total of 372,852 shares of New Residential Investment Corp which is valued at $5,305,684. New Residential Investment Corp makes up approx 0.08% of Bb&t Securities’s portfolio.Alps Advisors Inc reduced its stake in NRZ by selling 2,601 shares or 6.84% in the most recent quarter. The Hedge Fund company now holds 35,400 shares of NRZ which is valued at $476,484.
New Residential Investment Corp opened for trading at $14.12 and hit $14.16 on the upside on Tuesday, eventually ending the session at $14.15, with a gain of 0.86% or 0.12 points. The heightened volatility saw the trading volume jump to 19,09,055 shares. Company has a market cap of $3,261 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.