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Compass Point Sees Few Catalysts And High Valuation For Western Asset Mortgage Capital
Monday, March 2, 2015 - 10:38am | 207In a report published Monday, Compass Point analyst Jason Stewart reiterated a Neutral rating and $15.00 price target on Western Asset Mortgage Capital (NYSE: WMC). In the report, Compass Point noted, "We reiterate our Neutral rating and $15 target price following WMC's 4Q14 earnings release. Core...
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Compass Point Sees Attractive Entry Point for Walker & Dunlop, Inc.
Thursday, October 9, 2014 - 8:20am | 173In a report published Thursday, Compass Point analyst Jason Stewart reiterated a Buy rating and $19.00 price target on Walker & Dunlop (NYSE: WD). In the report, Compass Point noted, “We reiterate our Buy rating and $19 price target on WD shares ahead of 3Q14 earnings. GSE multifamily lending...
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Compass Point Sees Annaly Capital Management Take View On Short Rates
Thursday, August 7, 2014 - 8:32am | 143In a report published Thursday, Compass Point analyst Jason Stewart reiterated a Neutral rating and $12.00 price target on Annaly Capital Management (NYSE: NLY). In the report, Compass Point noted, “Yesterday after market close, NLY reported 2Q14 core EPS of $0.30 compared to the consensus estimate...
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Compass Point Believes Apollo Residential Mortgage Is Still Too Cheap
Thursday, August 7, 2014 - 8:00am | 207In a report published Thursday, Compass Point analyst Jason Stewart reiterated a Buy rating and $20.00 price target on 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...
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Compass Point Remains Positive On Two Harbors Investment Despite Core EPS Misses
Thursday, August 7, 2014 - 7:50am | 125In a report published Thursday, Compass Point analyst Jason Stewart reiterated a Buy rating and $11.50 price target on Two Harbors Investment (NYSE: TWO). In the report, Compass Point noted, “After market close yesterday, TWO reported core 2Q14 EPS of $0.24, slightly below the consensus estimate of...
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UPDATE: Compass Point Initiates Coverage On Credit Acceptance
Tuesday, July 8, 2014 - 12:31pm | 98In a research note released Tuesday, Compass Point analyst Jason Stewart initiated coverage on Credit Acceptance (NASDAQ: CACC) with a Sell rating and $104.00 price target. Stewart called out multiple reasons for the initiation, such as heightened regulatory risks, an increasingly competitive...
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UPDATE: Compass Point Initiates Coverage On Santander Consumer USA
Tuesday, July 8, 2014 - 12:27pm | 126In a research note released Tuesday, Compass Point analyst Jason Stewart Initiated coverage on Santander Consumer USA (NYSE: SC) with a Neutral rating and $23.00 price target. Stewart said that the company is transforming itself into a diversified consumer lender through new captive finance...
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UPDATE: Compass Point Initiates Coverage On Consumer Portfolio Services
Tuesday, July 8, 2014 - 12:11pm | 126In a research note released Tuesday, Compass Point analyst Jason Stewart initiated coverage on Consumer Portfolio Services (NASDAQ: CPSS) with a Buy rating and $10.00 price target. Stewart said that shares of the company are trading at a “substantial discount to its peers and the market...
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UPDATE: Compass Point Downgrades KKR Financial
Wednesday, January 8, 2014 - 10:17am | 245In a report published Wednesday, Compass Point analyst Jason Stewart downgraded KKR Financial (NYSE: KFN) to Neutral from Buy, raising its price target from $12.00 to $12.50. According to the report, the price target raise represents a modest discount to the purchase price based on KKR's closing...
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UPDATE: Compass Point Initiates Coverage on NMI as Top Pick in Sector
Friday, December 20, 2013 - 9:59am | 204In a report published Friday, Compass Point analyst Jason Stewart initiated coverage on NMI (NASDAQ: NMIH) with a Buy rating and $17.50 price target. In the report, Compass Point noted, “We initiate coverage of NMI Holdings (NASDAQ: NMIH) with a Buy rating and a $17.50 price target. Our outlook...
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UPDATE: Compass Point Initiates Coverage on Essent as Growth Outlook Remains Bright, but Valuation is Reflective
Friday, December 20, 2013 - 9:38am | 169In a report published Friday, Compass Point analyst Jason Stewart initiated coverage on Essent (NYSE: ESNT) with a Neutral rating and $24.00 price target. In the report, Compass Point noted, “We initiate coverage of Essent Group Ltd (NASDAQ: ESNT) with a Neutral rating and a $24 price target. Our...
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UPDATE: Compass Point Upgrades Hatteras Financial Corp. Following 3Q13 Earnings Report
Thursday, October 31, 2013 - 9:04am | 294In a report published Thursday, Compass Point analyst Jason Stewart upgraded the rating on Hatteras Financial Corp. (NYSE: HTS) from Neutral to Buy, and reiterated the $22.00 price target. In the report, Compass Point noted, “We upgrade our rating on HTS to Buy from Neutral and reiterate our $22...
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UPDATE: Compass Point Initiates Coverage on Ellington Financial on Impressive Total Return
Monday, September 16, 2013 - 9:34am | 171In a report published Monday, Compass Point analyst Jason Stewart initiated coverage on Ellington Financial LLC (NYSE: EFC) with a Buy rating and $26.50 price target. In the report, Compass Point noted, “EFC is an externally managed specialty finance company with a broad investment mandate to...
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UPDATE: Compass Point Initiates Coverage on MFA Financial with Buy Rating, $8.50 PT on Good Market Position
Monday, September 16, 2013 - 9:34am | 196In a report published Monday, Compass Point analyst Jason Stewart initiated coverage on MFA Financial (NYSE: MFA) with a Buy rating and $8.50 price target. In the report, Compass Point noted, “MFA is an internally managed mortgage REIT focused on investing in the residential mortgage backed...
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UPDATE: Compass Point Initiates Coverage on Dynex Capital on Uncommon Mortgage REIT Value
Monday, September 16, 2013 - 9:33am | 188In a report published Monday, Compass Point analyst Jason Stewart initiated coverage on Dynex Capital (NYSE: DX) with a Buy rating and $9.50 price target. In the report, Compass Point noted, “DX is an internally managed mortgage REIT invested in a diversified portfolio of short duration high...