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Rithm Property Trust price target lowered to $4 from $5 at B. Riley

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.

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