Analyst Price Target is $12.25
▲ +7.55% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for New Residential Investment in the last 3 months. The average price target is $12.25, with a high forecast of $13.00 and a low forecast of $10.50. The average price target represents a 7.55% upside from the last price of $11.39.
Current Consensus is
The current consensus among 11 polled investment analysts is to buy stock in New Residential Investment. This Buy consensus rating has held steady for over two years.
New Residential Investment Corp. is a real estate investment trust, which focuses on investing and actively managing, investments related to residential real estate. It operates through the following segments: Origination, Servicing, MSR Related Investments, Residential Securities and Loans, Consumer Loans and Corporate. The Corporate segment includes general and administrative expenses, the management fees and incentive compensation, and corporate cash and related interest income. The company was founded in 2011 and is headquartered in New York, NY.