Wedbush analyst Henry Coffey initiated coverage of Rithm Property Trust (RPT) with an Outperform rating and $4 price target The firm says Rithm is a mortgage real estate investment trust focused on originating and investing in residential and commercial real estate loans and mortgage-backed securities. The company has completed the process of stabilizing its legacy portfolio and has begun to grow its targeted business, commercial real estate loans and investments, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPT: