New Residential Investment (NRZ) Earning Somewhat Positive Press Coverage, Study Finds

Media headlines about New Residential Investment (NYSE:NRZ) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Residential Investment earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.8075814588545 out of 100, meaning that recent media 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 stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of New Residential Investment (NYSE NRZ) traded up $0.07 during mid-day trading on Monday, hitting $17.78. 1,790,000 shares of the stock were exchanged, compared to its average volume of 2,250,000. New Residential Investment has a 1 year low of $15.03 and a 1 year high of $18.43. The company has a market cap of $5,460.00, a PE ratio of 5.75, a PEG ratio of 8.10 and a beta of 1.02.

New Residential Investment (NYSE:NRZ) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. The firm had revenue of $331.38 million for the quarter, compared to analysts’ expectations of $291.66 million. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 72.1% on a year-over-year basis. sell-side analysts forecast that New Residential Investment will post 2.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.25%. The ex-dividend date of this dividend is Thursday, December 28th. New Residential Investment’s dividend payout ratio (DPR) is presently 64.72%.

A number of research analysts have issued reports on the stock. FBR & Co reissued a “buy” rating and set a $19.25 price objective on shares of New Residential Investment in a research report on Monday, October 30th. B. Riley restated a “buy” rating and set a $19.25 target price on shares of New Residential Investment in a report on Wednesday, November 29th. Zacks Investment Research cut shares of New Residential Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Barclays boosted their target price on shares of New Residential Investment from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, October 24th. Finally, Vetr cut shares of New Residential Investment from a “buy” rating to a “hold” rating and set a $17.72 target price on the stock. in a report on Monday, October 9th. One 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 stock. New Residential Investment presently has a consensus rating of “Buy” and an average price target of $18.09.

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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.

Insider Buying and Selling by Quarter for New Residential Investment (NYSE:NRZ)

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