Analyst Price Target is $12.60
▲ +12.50% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for New Residential Investment in the last 3 months. The average price target is $12.60, with a high forecast of $13.50 and a low forecast of $11.50. The average price target represents a 12.50% upside from the last price of $11.20.
Current Consensus is
Buy
The current consensus among 7 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. 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.
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