Headlines about New Residential Investment (NYSE:NRZ) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Residential Investment earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.963234720832 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s analysis:
Several research firms recently issued reports on NRZ. Zacks Investment Research raised shares of New Residential Investment from a “sell” rating to a “hold” rating in a report on Thursday. Vetr raised shares of New Residential Investment from a “buy” rating to a “strong-buy” rating and set a $18.76 target price for the company in a report on Monday, February 5th. ValuEngine lowered shares of New Residential Investment from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. B. Riley reissued a “buy” rating and issued a $19.25 target price on shares of New Residential Investment in a report on Wednesday, November 29th. Finally, Wedbush raised shares of New Residential Investment from a “neutral” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Thursday, January 18th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $18.61.
Shares of New Residential Investment (NYSE:NRZ) traded up $0.19 on Friday, reaching $17.22. 3,419,383 shares of the company’s stock were exchanged, compared to its average volume of 3,877,923. New Residential Investment has a twelve month low of $15.04 and a twelve month high of $18.43. The stock has a market cap of $5,710.00, a price-to-earnings ratio of 5.57 and a beta of 0.96.
New Residential Investment (NYSE:NRZ) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. New Residential Investment had a net margin of 63.01% and a return on equity of 18.73%. The firm had revenue of $235.27 million during the quarter, compared to analyst estimates of $178.15 million. During the same period last year, the firm posted $0.62 earnings per share. sell-side analysts expect that New Residential Investment will post 2.19 earnings per share for the current fiscal year.
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New Residential Investment Company Profile
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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