Media stories about New Residential Investment Corp. (NYSE:NRZ) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. 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 Corp. earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.5137826073532 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Reviewing New Residential Investment Corp. (NRZ) and Its Rivals (americanbankingnews.com)
- $148.33 Million in Sales Expected for New Residential Investment Corp. (NRZ) This Quarter (americanbankingnews.com)
- Capstead Mortgage Corporation (CMO) vs. New Residential Investment Corp. (NRZ) Head to Head Analysis (americanbankingnews.com)
- New Residential Investment Corp. (NRZ) vs. AGNC Investment Corp. (AGNC) Financial Contrast (americanbankingnews.com)
- Zacks: Analysts Expect New Residential Investment Corp. (NRZ) to Announce $0.49 EPS (americanbankingnews.com)
Several research analysts have recently weighed in on NRZ shares. Piper Jaffray Companies reiterated a “buy” rating and set a $18.00 price target on shares of New Residential Investment Corp. in a research note on Sunday, August 27th. Barclays PLC increased their price target on New Residential Investment Corp. from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 24th. FBR & Co reiterated a “buy” rating and set a $17.50 price target on shares of New Residential Investment Corp. in a research note on Monday, October 9th. Vetr downgraded New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.14 price target for the company. in a research note on Wednesday, September 13th. Finally, Zacks Investment Research upgraded New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.93.
New Residential Investment Corp. (NYSE NRZ) opened at $17.44 on Wednesday. New Residential Investment Corp. has a 12 month low of $14.09 and a 12 month high of $17.91. The company has a market capitalization of $5,357.31, a PE ratio of 6.16, a price-to-earnings-growth ratio of 6.53 and a beta of 1.04.
New Residential Investment Corp. (NYSE:NRZ) last issued its earnings results 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. New Residential Investment Corp. had a return on equity of 19.38% and a net margin of 60.06%. The business had revenue of $331.38 million during the quarter, compared to the consensus estimate of $291.66 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue was up 72.1% compared to the same quarter last year. equities analysts forecast that New Residential Investment Corp. will post 2.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Monday, October 2nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.00 annualized dividend and a yield of 11.47%. New Residential Investment Corp.’s dividend payout ratio is currently 64.72%.
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New Residential Investment Corp. 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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