RBC Capital analyst Kenneth Lee maintained a Buy rating on New Residential Inv (NYSE:NRZ). on Friday, setting a price target of $12, which is approximately 9.29% above the present share price of $10.98.
Lee expects New Residential Inv. to post earnings per share (EPS) of $0.27 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in New Residential Inv, with an average price target of $12.7.
The analysts price targets range from a high of $13 to a low of $12.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $412.18 million and a net profit of $0. The company's market cap is $5.12 billion.
According to TipRanks.com, RBC Capital analyst Kenneth Lee is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.5% and a 72.41% success rate.
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.