Somewhat Positive Press Coverage Somewhat Unlikely to Impact New Residential Investment (NRZ) Stock Price
Media coverage about New Residential Investment (NYSE:NRZ) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. New Residential Investment earned a news impact score of 0.20 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.9021915630407 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of research analysts have issued reports on NRZ shares. B. Riley reissued a “buy” rating on shares of New Residential Investment in a research report on Wednesday, November 1st. FBR & Co reissued a “buy” rating and set a $19.25 price objective on shares of New Residential Investment in a research report on Monday, October 30th. Vetr raised shares of New Residential Investment from a “hold” rating to a “buy” rating and set a $17.75 price objective on the stock in a research report on Thursday, October 26th. Piper Jaffray Companies reissued a “buy” rating and set a $18.00 price objective on shares of New Residential Investment in a research report on Sunday, August 27th. Finally, ValuEngine downgraded shares of New Residential Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.09.
Shares of New Residential Investment (NYSE:NRZ) traded up $0.09 during trading on Thursday, reaching $18.11. 2,247,270 shares of the company’s stock were exchanged, compared to its average volume of 3,677,490. The stock has a market cap of $5,538.65, a P/E ratio of 6.37, a P/E/G ratio of 6.74 and a beta of 1.02. New Residential Investment has a fifty-two week low of $15.03 and a fifty-two week high of $18.18.
New Residential Investment (NYSE:NRZ) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. The firm had revenue of $331.38 million for the quarter, compared to analysts’ expectations of $291.66 million. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 72.1% on a year-over-year basis. analysts predict that New Residential Investment will post 2.68 earnings per share for the current fiscal year.
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About New Residential Investment
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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