Press coverage about New Residential Investment (NYSE:NRZ) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Residential Investment earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.9736545611618 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- SMA200 – A Key Indicator For Long-Term Trend – New Residential Investment Corp (NYSE: NRZ) – Stocks Pen (stockspen.com)
- Discover High Dividend Stock: New Residential Investment Corp. (NRZ) triggers Yield of 11.61% – Nasdaq Chronicle (nasdaqchronicle.com)
- Eye-Catching Hot Stock – New Residential Investment Corp (NYSE: NRZ) – Alpha Beta Stock (alphabetastock.com)
- Keep Your Active Eyes on New Residential Investment Corp. (NRZ) with Unusual Volume Alert – Wall Street Morning (wallstreetmorning.com)
- New Residential Investment (NRZ) Downgraded by Vetr to Buy (americanbankingnews.com)
Shares of New Residential Investment (NRZ) traded down $0.06 during trading on Tuesday, reaching $17.01. 1,847,109 shares of the company were exchanged, compared to its average volume of 3,819,739. New Residential Investment has a 12-month low of $15.04 and a 12-month high of $18.43. The stock has a market cap of $5,788.25, a PE ratio of 5.45 and a beta of 0.97.
New Residential Investment (NYSE:NRZ) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. New Residential Investment had a net margin of 63.01% and a return on equity of 18.73%. The firm had revenue of $235.27 million during the quarter, compared to analysts’ expectations of $178.15 million. During the same period in the prior year, the company earned $0.62 EPS. analysts predict that New Residential Investment will post 2.19 EPS for the current year.
Several analysts have recently issued reports on NRZ shares. Vetr cut shares of New Residential Investment from a “strong-buy” rating to a “buy” rating and set a $18.60 price objective for the company. in a research note on Monday, March 12th. B. Riley set a $19.00 price objective on shares of New Residential Investment and gave the company a “buy” rating in a research note on Tuesday, February 13th. ValuEngine cut shares of New Residential Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of New Residential Investment from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Finally, Wedbush raised shares of New Residential Investment from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.61.
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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