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

Loading...
Loading...
Jefferies initiates its coverage on Western Asset Mortgage Capital
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.
Posted In: Analyst ColorPrice TargetInitiationPre-Market OutlookAnalyst RatingsJefferies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...