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UPDATE: National Securities Initiates Western Asset Mortgage at Buy on ROE Visibility

Related WMC
Moving Average Crossover Alert: Western Asset Mortgage Capital (WMC) - Tale of the Tape
Earnings Scheduled For March 7, 2014

National Securities initiated its coverage on Western Asset Mortgage (NYSE: WMC) with a Buy rating based on return on equity outlook and book value stability.

National Securities noted, "We are initiating coverage of agency mortgage real estate investment trust (mREIT) Western Asset Mortgage Capital Corp (WMC) with a “BUY” rating as we expect that 1) WMC may generate an annualized return on equity (ROE) of 15% in 2013; 2) WMC's $20.17 Q2'12 book value should stay stable due to its interest rate hedging strategy; and 3) WMC stock price should trade in line with book value."

Western Asset Mortgage closed at $21.06 on Monday.

Latest Ratings for wmc

Aug 2014CitigroupMaintainsNeutral
Aug 2014Deutsche BankMaintainsHold
May 2014JefferiesMaintainsHold

View More Analyst Ratings for wmc
View the Latest Analyst Ratings

Posted-In: national securitiesAnalyst Color Initiation Intraday Update Analyst Ratings


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