- 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.