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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Aug. 30, 6:27 PM

Slide #19. New Residential Investment Corp. Secondary Offering

Company: New Residential Investment Corp. (NYSE:NRZ)
Date announced: 8/10/2016
Shares Offered: 20,000,000
Date of Pricing: 8/11/2016
Price Per Share: $14.20
Secondary Offering Details: New Residential Investment Corp. (NYSE:NRZ) announced today its intention to offer 20,000,000 shares of its common stock in an underwritten public offering, subject to market conditions. The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase up to an additional 3,000,000 shares of common stock.

New Residential Investment is a real estate investment trust primarily focused on investing in, and managing investments related to residential real estate. Co. is externally managed and advised by an affiliate of Fortress Investment Group LLC pursuant to a management agreement. As of Dec 31 2015, Co. conducted its business through the following segments: servicing related assets, which include excess mortgage servicing rights and servicer advances; residential securities and loans, which include real estate securities and real estate loans; and other investments, which include consumer loans.

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Company Name:  New Residential Investment Corp
Stock buyback:  NRZ buyback
Sector:  REITs
Number of ETFs Holding NRZ:  34
Total Market Value Held by ETFs:  $195.89M
Total Market Capitalization:  $3.21B
% of Market Cap. Held by ETFs:  6.10%

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August 30, 2016    6:27 PM Eastern
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Strong Buy (3.57 out of 4)
73rd percentile
(ranked higher than approx. 73% of all stocks covered)
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