B. Riley analyst Randy Binner lowered the firm’s price target on Rithm Property Trust (RPT) to $4 from $5 and keeps a Buy rating on the shares. The firm says that across its mortgage finance coverage, loan origination and investment activity were likely slower than anticipated in Q1, pushing its earnings forecasts lower.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue