UPDATE: Oppenheimer Initiates Zais Financial at Perform; Waiting for Portfolio Execution

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Oppenheimer initiated coverage on Zais Financial (NYSE: ZFC) with a Perform rating.Oppenheimer noted, "Longer-term market opportunities exist for mortgage real estate investment trusts (MREITS) to provide private capital for the mortgage finance industry as the GSEs reduce the size of their portfolios and as regulatory changes continue to reshape the industry. Zais Financial is a hybrid MREIT with plans to allocate 50-60% of its capital into whole loans. Despite our upbeat assessment of the investment opportunities for hybrid MREITS, we believe a Perform rating is appropriate for Zais Financial. Zais has yet to acquire whole loans, to our knowledge, and we want to see multiple quarters of consistent-to-increasing dividends before reassessing our view."Zais Financial closed at $19.95 on Monday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!