News stories about New Residential Investment Corp (NYSE:NRZ) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. 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 0.17 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 25 out of 100, indicating that recent press coverage is very unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- New Residential Investment Corp (NYSE:NRZ) Sees Heavy Trading Volume with 4,983K Shares Changing Hands (highlightpress.com)
- 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)
NRZ has been the topic of a number of research analyst reports. BidaskClub upgraded shares of New Residential Investment Corp from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Keefe, Bruyette & Woods set a $17.00 target price on shares of New Residential Investment Corp and gave the company a “buy” rating in a report on Tuesday, June 6th. Zacks Investment Research upgraded shares of New Residential Investment Corp from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Wednesday, April 5th. Vetr upgraded shares of New Residential Investment Corp from a “hold” rating to a “buy” rating and set a $17.92 target price on the stock in a report on Thursday, April 20th. Finally, ValuEngine lowered shares of New Residential Investment Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. New Residential Investment Corp presently has an average rating of “Buy” and an average target price of $16.62.
Shares of New Residential Investment Corp (NYSE:NRZ) opened at 15.72 on Tuesday. The firm has a 50-day moving average of $16.30 and a 200-day moving average of $16.42. New Residential Investment Corp has a 12 month low of $13.00 and a 12 month high of $17.86. The company has a market capitalization of $4.83 billion, a P/E ratio of 7.71 and a beta of 1.00.
New Residential Investment Corp (NYSE:NRZ) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $239.83 million. New Residential Investment Corp had a net margin of 41.63% and a return on equity of 13.23%. The business’s revenue was down 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. On average, equities analysts predict that New Residential Investment Corp will post $2.12 earnings per share 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 is a positive change from New Residential Investment Corp’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.72%. New Residential Investment Corp’s dividend payout ratio (DPR) is 98.52%.
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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