New Residential Investment (NRZ) Earning Somewhat Positive Press Coverage, Study Shows
Media coverage about New Residential Investment (NYSE:NRZ) has trended somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing 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 Investment earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.9202282824409 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of New Residential Investment (NRZ) traded up $0.02 during trading on Tuesday, reaching $18.30. The company had a trading volume of 2,262,740 shares, compared to its average volume of 3,637,682. New Residential Investment has a 52 week low of $15.03 and a 52 week high of $18.43. The company has a market capitalization of $5,618.56, a price-to-earnings ratio of 5.92, a PEG ratio of 6.83 and a beta of 1.02.
New Residential Investment (NYSE:NRZ) last announced its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. New Residential Investment had a return on equity of 20.16% and a net margin of 50.72%. The company had revenue of $331.38 million during the quarter, compared to analyst estimates of $291.66 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was up 72.1% on a year-over-year basis. research analysts anticipate that New Residential Investment will post 2.68 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Investors of record on Friday, December 29th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date is Thursday, December 28th. New Residential Investment’s payout ratio is presently 64.72%.
Several analysts recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of New Residential Investment in a research report on Wednesday, November 1st. ValuEngine cut New Residential Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.00 target price on shares of New Residential Investment in a research report on Thursday, September 14th. Vetr upgraded New Residential Investment from a “hold” rating to a “buy” rating and set a $17.14 target price for the company in a research report on Wednesday, September 6th. Finally, FBR & Co reissued a “buy” rating and set a $19.25 price target on shares of New Residential Investment in a research note on Monday, October 30th. Two analysts have 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 Investment currently has a consensus rating of “Buy” and a consensus target price of $18.09.
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About New Residential Investment
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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