News headlines about New Residential Inv (NYSE:NRZ) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing 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 Inv earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.5229270021456 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
Several equities research analysts have recently weighed in on the stock. Vetr raised shares of New Residential Inv from a “buy” rating to a “strong-buy” rating and set a $18.60 target price for the company in a research report on Thursday, February 22nd. Wedbush raised shares of New Residential Inv from a “neutral” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Thursday, January 18th. B. Riley set a $19.00 target price on shares of New Residential Inv and gave the stock a “buy” rating in a research report on Tuesday, February 13th. ValuEngine downgraded shares of New Residential Inv from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research raised shares of New Residential Inv from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. New Residential Inv presently has a consensus rating of “Buy” and an average price target of $18.64.
Shares of NYSE:NRZ opened at $16.52 on Thursday. New Residential Inv has a fifty-two week low of $15.04 and a fifty-two week high of $18.43. The stock has a market cap of $5,468.92, a P/E ratio of 5.84 and a beta of 0.91.
New Residential Inv (NYSE:NRZ) last announced its quarterly earnings data 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 Inv had a net margin of 63.01% and a return on equity of 18.73%. The business had revenue of $235.27 million during the quarter, compared to the consensus estimate of $178.15 million. During the same quarter in the prior year, the firm earned $0.62 EPS. research analysts expect that New Residential Inv will post 2.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Monday, April 2nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.11%. The ex-dividend date of this dividend is Thursday, March 29th. New Residential Inv’s dividend payout ratio is presently 70.67%.
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New Residential Inv Company Profile
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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