August 7, 2014 8:00 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 Thursday, Compass Point analyst Jason Stewart reiterated a Buy rating and $20.00 price target 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.
Apollo Residential Mortgage (NYSE: AMTG).In the report, Compass Point noted, “We reiterate our Buy rating and $20 price target on AMTG shares following 2Q14 earnings. The company reported operating EPS of $0.52, which was in line with our core EPS estimate and consensus expectations. A highlight of the quarter was the 4.6% QoQ increase in book value per share (BVPS). While further portfolio diversification into additional credit related assets has occurred at a slower pace than expected, the company continues to evaluate alternative non-Agency investments. Incremental capital allocated to non-Agency MBS and loans can be a material differentiating factor for AMTG. Over time, the incremental allocation to non-Agency MBS and other credit related investments should result in a premium valuation. At 83% of current BVPS, investors have the potential for both current income and capital appreciation as shares migrate to a valuation more reflective of a diversified mortgage REIT. Our $20 price target represents a modest premium to 2Q14 BVPS and a dividend yield of 8%. If achieved, our price target represents a total return opportunity of 33%.”Apollo Residential Mortgage closed on Wednesday at $16.35.
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