New Residential Investment Corp found using ticker (NRZ) have now 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 13 and 11.5 calculating the average target price we see 12.72. Now with the previous closing price of 10.53 this indicates there is a potential upside of 20.8%. The 50 day MA is 10.88 and the 200 moving average now moves to 10.69. The market capitalisation for the company is $4,778m. Company Website: https://www.newresi.com
The potential market cap would be $5,771m based on the market concensus.
New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through five segments: Origination, Servicing, MSR Related Investments, Residential Securities and Loans, and Consumer Loans. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also invests in real estate securities and residential mortgage loans, as well as in consumer loans, including unsecured and homeowner loans. The company qualifies as a real estate investment trust for federal income tax purposes. It 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 founded in 2011 and is based in New York, New York.
