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 13 and 11 with a mean TP of 12.55. Given that the stocks previous close was at 10.55 this would indicate that there is a potential upside of 19.0%. The day 50 moving average is 10.54 while the 200 day moving average is 10.68. The company has a market capitalisation of $4,887m. Visit the company website at: https://www.newresi.com
The potential market cap would be $5,813m 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 ome tax purposes. The company generally would not be subject to federal corporate ome taxes if it distributes at least 90% of its taxable ome to its stockholders. New Residential Investment Corp. was orporated in 2011 and is based in New York, New York.
