New Residential Investment Corp with ticker code (NRZ) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 13.5 and 11.5 calculating the mean target price we have 12.75. Given that the stocks previous close was at 10.38 this would imply there is a potential upside of 22.8%. The 50 day moving average now sits at 10.52 while the 200 day moving average is 10.67. The market cap for the company is $4,784m. You can visit the company’s website by visiting: https://www.newresi.com
The potential market cap would be $5,877m 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.
