Media coverage about New Residential Investment (NYSE:NRZ) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Residential Investment earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.7544071683706 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
Shares of New Residential Investment (NRZ) remained flat at $$17.74 during midday trading on Friday. The company had a trading volume of 1,474,579 shares, compared to its average volume of 2,220,000. New Residential Investment has a fifty-two week low of $15.03 and a fifty-two week high of $18.43. The stock has a market capitalization of $5,450.00, a PE ratio of 5.74, a P/E/G ratio of 8.11 and a beta of 1.02.
New Residential Investment (NYSE:NRZ) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $331.38 million for the quarter, compared to the consensus estimate of $291.66 million. New Residential Investment had a return on equity of 19.38% and a net margin of 60.06%. New Residential Investment’s quarterly revenue was up 72.1% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. equities research analysts forecast that New Residential Investment will post 2.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.00 annualized dividend and a yield of 11.27%. New Residential Investment’s payout ratio is currently 64.72%.
A number of equities analysts recently commented on the company. B. Riley reissued a “buy” rating and set a $19.25 price target on shares of New Residential Investment in a research note on Wednesday, November 29th. Zacks Investment Research lowered New Residential Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. FBR & Co reissued a “buy” rating and set a $17.50 price target on shares of New Residential Investment in a research note on Monday, October 9th. Vetr raised New Residential Investment from a “hold” rating to a “buy” rating and set a $17.72 price objective for the company in a research note on Monday, October 2nd. Finally, ValuEngine raised New Residential Investment from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $18.09.
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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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