Somewhat Favorable Media Coverage Very Unlikely to Impact New Residential Investment Corp. (NYSE:NRZ) Stock Price
News articles about New Residential Investment Corp. (NYSE:NRZ) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Residential Investment Corp. earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 25 out of 100, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- New Residential Investment Corp. (NRZ) soon to be worth around $17.19, financial analysts predict – AllStockNews (allstocknews.com)
- New Residential Investment Corp. (NRZ) has a value of $15.36 per share While Ingersoll-Rand Plc (IR) is stand at $92.85 – Stocks Gallery (stocksgallery.com)
- New Residential Investment Corp. (NRZ) to Issue Quarterly Dividend of $0.50 (healthcaremenu.net)
- Stocks Views And Recommendations: Exxon Mobil Corporation (XOM), New Residential Investment Corp. (NRZ) – AllStockNews (allstocknews.com)
- New Residential Investment Corp (NRZ) Needle Moving on Volume … – Stock Press Daily (stockpressdaily.com)
A number of research analysts have issued reports on NRZ shares. FBR & Co reissued an “outperform” rating and set a $17.50 price objective on shares of New Residential Investment Corp. in a research report on Tuesday, March 28th. Zacks Investment Research downgraded shares of New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Vetr downgraded shares of New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.92 price objective on the stock. in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods set a $17.00 price objective on shares of New Residential Investment Corp. and gave the company a “buy” rating in a research report on Tuesday, June 6th. Finally, BidaskClub raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $16.62.
Shares of New Residential Investment Corp. (NYSE:NRZ) traded up 1.04% on Friday, reaching $15.52. 4,986,413 shares of the company’s stock were exchanged. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 7.61 and a beta of 1.00. New Residential Investment Corp. has a one year low of $12.73 and a one year high of $17.86. The company’s 50 day moving average is $16.30 and its 200-day moving average is $16.42.
New Residential Investment Corp. (NYSE:NRZ) last released its earnings results on Monday, May 1st. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. New Residential Investment Corp. had a return on equity of 15.48% and a net margin of 43.60%. The business had revenue of $170.60 million during the quarter, compared to the consensus estimate of $239.83 million. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was down 21.4% compared to the same quarter last year. On average, analysts anticipate that New Residential Investment Corp. will post $2.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 12.89%. This is an increase from New Residential Investment Corp.’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, June 29th. New Residential Investment Corp.’s dividend payout ratio (DPR) is 98.52%.
About New Residential Investment Corp.
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.
Receive News & Ratings for New Residential Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Residential Investment Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.