News stories about New Residential Investment Corp (NYSE:NRZ) have trended positive recently, AlphaOne Sentiment Analysis reports. The research firm, a division of Accern, scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Residential Investment Corp earned a media sentiment score of 0.37 on AlphaOne’s scale. AlphaOne also assigned press coverage about the real estate investment trust an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Alpha One Sentiment Analysis’s scoring:
- Stocks Review Report;) Medical Properties Trust, Inc. (MPW), New Residential Investment Corp (NYSE:NRZ) – usstockjournal (usstockjournal.com)
- Why New Residential Investment Is a Top 10 REIT Stock With 12.00% Yield (NRZ) (nasdaq.com)
- New Residential Investment Corp (NRZ) PT Set at $17.00 by Keefe, Bruyette & Woods (americanbankingnews.com)
- A Technical Perspective On New Residential Investment Corp. (NRZ), Southwest Airlines Co. (LUV) – AllStockNews (allstocknews.com)
- Moving Average Rundown: A Closer Look at Shares of New Residential Investment Corp (NRZ) – Nelson Research (nlrnews.com)
Several research analysts have recently weighed in on the stock. FBR & Co increased their price objective on shares of New Residential Investment Corp from $16.75 to $17.50 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Zacks Investment Research upgraded shares of New Residential Investment Corp from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, April 5th. Vetr lowered shares of New Residential Investment Corp from a “buy” rating to a “hold” rating and set a $17.58 price target on the stock. in a report on Monday, May 1st. Finally, Keefe, Bruyette & Woods set a $17.00 price target on shares of New Residential Investment Corp and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $16.90.
New Residential Investment Corp (NYSE NRZ) traded up 0.62% on Friday, reaching $16.33. 1,754,286 shares of the company traded hands. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 8.01 and a beta of 0.96. The firm has a 50 day moving average price of $16.36 and a 200 day moving average price of $16.32. New Residential Investment Corp has a 52-week low of $12.58 and a 52-week high of $17.86.
New Residential Investment Corp (NYSE:NRZ) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. New Residential Investment Corp had a return on equity of 15.13% and a net margin of 38.93%. The firm had revenue of $170.60 million during the quarter, compared to analyst estimates of $239.83 million. During the same period in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was down 21.4% on a year-over-year basis. Equities research analysts predict that New Residential Investment Corp will post $2.12 EPS for the current year.
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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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