▲ +18.95% 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 $11.55, with a high forecast of $20.00 and a low forecast of $9.50. The average price target represents a 18.95% upside from the last price of $9.71.
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., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Origination, Servicing, MSR Related Investments, Residential Securities and Loans, and Consumer Loans segments. 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. The company was founded in 2011 and is based in New York, New York.