Market Overview

UPDATE: Jefferies Initiates Buy, $21 PT on Western Asset Mortgage Capital; Active Portfolio Management

Related WMC
Earnings Scheduled For March 7, 2014
Top 4 Small-Cap Stocks In The Mortgage Investment Industry With The Highest EPS Estimates

Jefferies initiates its coverage on Western Asset Mortgage Capital (NYSE: WMC) with a Buy rating and a price target of $21.

Jefferies says, "WMC will espouse an active management approach as opposed to a "buy and hold" strategy. Since investors are paying for the management of securities via a management fee and/or G&A expenses, we'd prefer investors own the REIT that is actively managed as opposed to the “buy and hold” strategy."

WMC closed at $18.52 on Friday.

Posted-In: JefferiesAnalyst Color Price Target Initiation Pre-Market Outlook Analyst Ratings

 

Most Popular

Related Articles (wmc)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free