New Residential Investment Corp. (NRZ) Getting Somewhat Favorable News Coverage, Analysis Finds
News headlines about New Residential Investment Corp. (NYSE:NRZ) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Residential Investment Corp. earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.5851026628054 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
- Analysts Offer Predictions for New Residential Investment Corp.’s Q1 2018 Earnings (NRZ) (americanbankingnews.com)
- New Residential Investment: Why I Can’t Get Enough Of This 11.7% Yielding Mortgage REIT – Seeking Alpha (seekingalpha.com)
- Comparing New Residential Investment Corp. (NRZ) & Manhattan Bridge Capital (LOAN) (americanbankingnews.com)
- FBR & Co Reiterates Buy Rating for New Residential Investment Corp. (NRZ) (americanbankingnews.com)
New Residential Investment Corp. (NYSE:NRZ) opened at 17.21 on Friday. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 6.11 and a beta of 1.03. New Residential Investment Corp. has a 52-week low of $13.63 and a 52-week high of $17.86. The stock’s 50 day moving average is $16.79 and its 200 day moving average is $16.52.
New Residential Investment Corp. (NYSE:NRZ) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.48. The company had revenue of $356.80 million during the quarter, compared to analysts’ expectations of $202.40 million. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. During the same period last year, the business earned $0.52 earnings per share. On average, analysts predict that New Residential Investment Corp. will post $2.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.62%. New Residential Investment Corp.’s payout ratio is presently 72.20%.
A number of analysts have weighed in on NRZ shares. Wedbush cut shares of New Residential Investment Corp. from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $16.50 in a report on Tuesday, June 20th. ValuEngine raised shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. BidaskClub cut shares of New Residential Investment Corp. from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Zacks Investment Research raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, July 4th. Finally, FBR & Co reissued a “buy” rating and set a $17.50 target price on shares of New Residential Investment Corp. in a report on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $16.97.
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About New Residential Investment Corp.
New Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company’s segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.
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