News headlines about New Residential Inv (NYSE:NRZ) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. 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 Inv earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.963234720832 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
A number of analysts have commented on the company. Wedbush upgraded New Residential Inv from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Thursday, January 18th. Zacks Investment Research downgraded New Residential Inv from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded New Residential Inv from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Vetr upgraded New Residential Inv from a “buy” rating to a “strong-buy” rating and set a $18.76 target price for the company in a research report on Monday, February 5th. Finally, B. Riley set a $19.00 price target on New Residential Inv and gave the company a “buy” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. New Residential Inv has an average rating of “Buy” and a consensus target price of $18.64.
Shares of NYSE NRZ traded down $0.12 during midday trading on Friday, hitting $16.32. The stock had a trading volume of 1,577,050 shares, compared to its average volume of 2,462,177. The stock has a market capitalization of $5,485.72, a P/E ratio of 5.77 and a beta of 0.91. New Residential Inv has a fifty-two week low of $15.04 and a fifty-two week high of $18.43.
New Residential Inv (NYSE:NRZ) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. The company had revenue of $235.27 million during the quarter, compared to analysts’ expectations of $178.15 million. New Residential Inv had a return on equity of 18.73% and a net margin of 63.01%. During the same period last year, the firm earned $0.62 EPS. equities research analysts forecast that New Residential Inv will post 2.19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 2nd will be paid a $0.50 dividend. The ex-dividend date is Thursday, March 29th. This represents a $2.00 annualized dividend and a dividend yield of 12.25%. New Residential Inv’s dividend payout ratio (DPR) is currently 70.67%.
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About New Residential Inv
New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.
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