New Residential, Ladder Capital among buys as Compass Point adds coverage

Dec. 02, 2019 9:37 AM ETNRZ, LADR, TWO, TRTX, ARI, BXMT, KREF, PMTBy: Stephen Alpher, SA News Editor45 Comments
  • Analyst Jason Weaver today launches coverage on a number of real estate-related names.
  • Garnering Buy ratings are New Residential (NYSE:NRZ), Ladder Capital (NYSE:LADR), Two Harbors (NYSE:TWO), and TPG RE Finance (NYSE:TRTX). The price target for NRZ of $19 suggests 22.5% upside from last week's close.
  • Neutral ratings: Apollo Commercial (NYSE:ARI), Blackstone Mortgage (NYSE:BXMT), KKR Real Estate (NYSE:KREF), and PennyMac (NYSE:PMT).
  • No details are yet available.

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