New Residential Investment Corp – Consensus Says 28.6% Upside
New residential investment company found using ticker (NRZ) now have 9 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The target price varies between 13 and 11 by calculating the average target price that we see 12.44. With the stock’s previous close at 9.67, this now indicates that there is a potential upside of 28.6%. The 50-day moving average now stands at 10.61 while the 200-day moving average is at 10.38. The company has a market capitalization of $ 4,508 million. For more information, visit: http://www.newresi.com
New Residential Investment Corp., a real estate investment trust, focuses on the investment and management of residential mortgage-related assets in the United States. It operates through five segments: assembly, maintenance, MSR-related investments, residential securities and loans, and consumer loans. The company invests in excess mortgage management rights (MSRs) on residential mortgages; and in service advances, including the base charge component of the related SRMs. It also invests in real estate securities and residential mortgages, as well as consumer loans, including unsecured loans and homeowner loans. The company is considered a real estate investment trust for federal income tax purposes. It would generally not be subject to federal corporate tax if it distributed at least 90% of its taxable income to its shareholders. New Residential Investment Corp. was founded in 2011 and is based in New York, New York.
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