New Residential Investment Corp found using ticker (NRZ) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 14 and 10 with a mean TP of 12.35. Given that the stocks previous close was at 10.91 this is indicating there is a potential upside of 13.2%. The 50 day MA is 9.89 and the 200 day moving average is 10.56. The market cap for the company is $5,083m. You can visit the company’s website by visiting: https://www.newresi.com
The potential market cap would be $5,754m 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.
