- We’re highlighting Western Asset Mortgage Capital Corp., a very rare entry in our columns. We’re highlighting it because shares are in the neutral range.
- Shares are getting much closer to the target buy range, and are now quite far from our prior Sell ratings.
- Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.
- In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.
- When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
For further details see:
One Terrible Mortgage REIT Suffered Enough