July 30, 2014 7:43 AM | 1 min read |
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.
In a report published Wednesday, Keefe, Bruyette & Woods analyst Jade J. Rahmani upgraded the rating on
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.
(NYSE: RESI) from Market Perform to Outperform, and reiterated a $32.00 price target.In the report, Keefe, Bruyette & Woods noted, “RESI is down 2% intra-day, 4.5% since reporting earnings on July 22, and 13% since its recent high June 20. We estimate RESI is trading at 1.1x book value, 1.17x cost basis, and 1.01x our estimate for mark-to-market book value. By comparison, PMT is trading at 1.0x, NRZ at 1.2x, and single-family rental (SFR) REITs at 1.0x. RESI has a 7.1% yield and we believe dividends should increase in coming quarters. While the outsized fee structure of RESI's manager is a concern, we believe the current stock price represents an attractive entry point. We see multiple tools at RESI's disposal to drive performance including additional NPL acquisitions and increased leverage.”Altisource Residential closed on Tuesday at $25.89.
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