New Residential Investment (NRZ) Earning Somewhat Favorable News Coverage, Report Finds
News headlines about New Residential Investment (NYSE:NRZ) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Residential Investment earned a news impact score of 0.07 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.7824781366768 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- New Residential Investment (NRZ) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
- New Residential Investment Corp. : NRZ-US: Dividend Analysis : December 29th, 2017 (record date) : By the numbers : January 2, 2018 (finance.yahoo.com)
- New Residential Investment Corp. (NRZ) stock moves -0.91% below SMA-20 – The Stocks News (press release) (thestocksnews.com)
- New Residential Investment Corp., (NYSE: NRZ) – Stock’s Technical Levels Evaluation – Stock Watch (stocksnewstimes.com)
- NRZ Breaks Above 11% Yield Territory (nasdaq.com)
A number of research firms have commented on NRZ. Vetr upgraded New Residential Investment from a “hold” rating to a “buy” rating and set a $17.75 price target on the stock in a research report on Thursday, October 26th. Barclays upped their price target on New Residential Investment from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered New Residential Investment from a “hold” rating to a “sell” rating in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $18.00 price target on shares of New Residential Investment in a research report on Thursday, September 14th. Finally, B. Riley reiterated a “buy” rating on shares of New Residential Investment in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. New Residential Investment currently has an average rating of “Buy” and a consensus target price of $18.09.
Shares of New Residential Investment (NRZ) opened at $17.43 on Thursday. New Residential Investment has a 52-week low of $15.03 and a 52-week high of $18.43. The company has a market capitalization of $5,360.00, a PE ratio of 5.64, a price-to-earnings-growth ratio of 8.17 and a beta of 1.02.
New Residential Investment (NYSE:NRZ) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. New Residential Investment had a return on equity of 19.38% and a net margin of 60.06%. The firm had revenue of $331.38 million for the quarter, compared to analyst estimates of $291.66 million. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was up 72.1% on a year-over-year basis. equities analysts expect that New Residential Investment will post 2.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 11.47%. New Residential Investment’s payout ratio is 64.72%.
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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