Press coverage about New Residential Investment (NYSE:NRZ) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. 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 coverage optimism score of 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.6240286543964 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- New Residential Investment Corp. (NRZ) Insider bought 4532 Shares (nismagazine.com)
- New Residential to acquire Shellpoint Partners for $190M – National Mortgage News (nationalmortgagenews.com)
- New Residential Announces Agreements to Acquire Shellpoint Partners – Business Wire (press release) (businesswire.com)
- New Residential Investment’s (NRZ) Buy Rating Reaffirmed at B. Riley (americanbankingnews.com)
- $148.33 Million in Sales Expected for New Residential Investment Corp (NRZ) This Quarter (americanbankingnews.com)
A number of research firms have commented on NRZ. FBR & Co reaffirmed a “buy” rating and issued a $19.25 price objective on shares of New Residential Investment in a report on Monday, October 30th. B. Riley reaffirmed a “buy” rating and issued a $19.25 price objective on shares of New Residential Investment in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of New Residential Investment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays lifted their price objective on shares of New Residential Investment from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, October 24th. Finally, Vetr downgraded shares of New Residential Investment from a “buy” rating to a “hold” rating and set a $17.72 price objective for the company. in a report on Monday, October 9th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. New Residential Investment currently has an average rating of “Buy” and an average target price of $18.09.
Shares of New Residential Investment (NRZ) traded down $0.05 on Wednesday, hitting $17.78. 1,681,103 shares of the stock traded hands, compared to its average volume of 3,712,291. New Residential Investment has a 52 week low of $15.03 and a 52 week high of $18.00. The firm has a market capitalization of $5,492.55, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 6.68 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 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $331.38 million during the quarter, compared to the consensus estimate of $291.66 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 72.1% compared to the same quarter last year. equities analysts forecast that New Residential Investment will post 2.68 earnings per share for the current fiscal year.
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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.
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