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.
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