Market Overview

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

Related WMC
UPDATE: Compass Point Downgrades Western Asset Mortgage Capital to Neutral on Valuation
UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on Western Asset Mortgage Capital
Residential REITs Replace Diversified Dogs Atop Real Estate Sector Household In July (Seeking Alpha)

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.

Latest Ratings for wmc

Jun 2016Bank of AmericaDowngradesBuyNeutral
Jun 2016WunderlichUpgradesSellHold
May 2016WunderlichDowngradesHoldSell

View More Analyst Ratings for wmc
View the Latest Analyst Ratings

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


Related Articles (wmc)

View Comments and Join the Discussion!