New Residential Investment (NYSE:NRZ) Getting Somewhat Favorable News Coverage, Report Finds

Headlines about New Residential Investment (NYSE:NRZ) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring 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 closest to one being the most favorable. New Residential Investment earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 47.1732177480146 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research analysts have recently commented on the company. Vetr raised New Residential Investment from a “buy” rating to a “strong-buy” rating and set a $18.60 price target for the company in a research report on Thursday, February 22nd. B. Riley reissued a “buy” rating and issued a $19.25 price target on shares of New Residential Investment in a research report on Wednesday, November 29th. Zacks Investment Research lowered New Residential Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Wedbush raised New Residential Investment from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Thursday, January 18th. Finally, ValuEngine lowered New Residential Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.61.

New Residential Investment (NYSE:NRZ) traded up $0.19 during trading on Wednesday, reaching $17.21. The company’s stock had a trading volume of 675,500 shares, compared to its average volume of 3,894,863. The stock has a market cap of $5,720.00, a P/E ratio of 5.57 and a beta of 0.96. New Residential Investment has a twelve month low of $15.04 and a twelve month high of $18.43.

New Residential Investment (NYSE:NRZ) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. New Residential Investment had a return on equity of 18.73% and a net margin of 63.01%. The firm had revenue of $235.27 million for the quarter, compared to the consensus estimate of $178.15 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. research analysts predict that New Residential Investment will post 2.19 earnings per share for the current fiscal year.

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About New Residential Investment

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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