New Residential Investment (NRZ) Receiving Somewhat Favorable Press Coverage, Analysis Shows

News articles about New Residential Investment (NYSE:NRZ) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Residential Investment earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.9615551891555 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

New Residential Investment (NYSE:NRZ) traded down $0.11 during trading hours on Tuesday, hitting $17.63. 2,740,000 shares of the stock traded hands, compared to its average volume of 2,220,000. The company has a market capitalization of $5,420.00, a P/E ratio of 5.71, a PEG ratio of 8.14 and a beta of 1.02. New Residential Investment has a one year low of $15.03 and a one year high of $18.43.

New Residential Investment (NYSE:NRZ) last posted 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. The company had revenue of $331.38 million during the quarter, compared to the consensus estimate of $291.66 million. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. The firm’s revenue for the quarter was up 72.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. equities research analysts expect that New Residential Investment will post 2.73 EPS 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 11.34%. The ex-dividend date of this dividend is Thursday, December 28th. New Residential Investment’s payout ratio is presently 64.72%.

Several equities research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of New Residential Investment in a research note on Wednesday, November 1st. ValuEngine raised shares of New Residential Investment from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Vetr raised shares of New Residential Investment from a “hold” rating to a “buy” rating and set a $17.72 price target for the company in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of New Residential Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, FBR & Co reissued a “buy” rating and set a $19.25 target price on shares of New Residential Investment in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus 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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