New Residential Investment Corp with ticker code (NRZ) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 13.5 and 11 and has a mean target at 12.6. With the stocks previous close at 11.15 this is indicating there is a potential upside of 13.0%. The 50 day moving average now sits at 10.51 and the 200 moving average now moves to 10.67. The market capitalisation for the company is $5,125m. Visit the company website at: https://www.newresi.com
The potential market cap would be $5,791m based on the market concensus.
New Residential Investment Corp. operates as a real estate investment trust in the United States. It operates through Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans, and Corporate segments. The company invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, properties and loans, consumer loans, and other opportunistic investments. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. New Residential Investment Corp. was incorporated in 2011 and is based in New York, New York.
