Deutsche Bank Starts Western Asset Mortgage Capital (WMC) at Buy; Well Timed Capital Deployment

Article Stock Quotes (1) Comments (0)

Deutsche Bank initiates coverage on Western Asset Mortgage Capital (NYSE: WMC) with a Buy. PT $21.75.

Deutsche analyst said, "We expect WMC to generate net ROEs of 14-15% given current spreads available in agency MBS, as the portfolio benefits from the investments in less prepayment-sensitive securities and the low financing cost environment. We believe WMC deployed the new capital quickly and has benefited from rate changes since the offering."

For an analyst ratings summary and ratings history on Western Asset Mortgage Capital click here. For more ratings news on Western Asset Mortgage Capital click here.

Shares of Western Asset Mortgage Capital closed at $18.52 yesterday, with a 52 week range of $17.57-$19.36.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Deutsche Bank Starts Kodiak Oil & Gas (KOG) at Hold
• Ascendiant Capital Starts Polypore International (PPO) at Neutral
• Topeka Capital Starts InvenSense (INVN) at Buy

Create E-mail Alert Related Categories

New Coverage

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?