NEW YORK, December 20, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting KKR Financial Holdings LLC (NYSE: KFN), Nationstar Mortgage Holdings Inc. (NYSE: NSM), Invesco Mortgage Capital Inc. (NYSE: IVR), American Capital Mortgage Investment Corp. (NASDAQ: MTGE), and Western Asset Mortgage Capital Corporation (NYSE: WMC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
KKR Financial Holdings LLC Research Report
On December 16, 2013, KKR Financial Holdings LLC (KFN) and KKR & Co. L.P. (KKR) jointly announced that the two Companies have entered into a definitive merger agreement, under which KKR will acquire KFN through a stock-for-stock merger that values KFN at $2.6 billion. Commenting on the release, Paul Hazen, Chairman of the board of directors of KFN, stated, "KFN has built a strong business with a diversified portfolio of assets. This transaction offers KFN shareholders a substantial premium for that business, with an implied value in excess of the company's trading price over the last five years, while enhancing holders' liquidity. Furthermore, through the ownership of KKR common units, KFN common shareholders will gain access to the performance of the entire KKR platform, including asset management, capital markets and the KKR balance sheet, in addition to participating in KFN's legacy portfolio." The Full Research Report on KKR Financial Holdings LLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Nationstar Mortgage Holdings Inc. Research Report
On December 17, 2013, Nationstar Mortgage Holdings Inc.'s (Nationstar Mortgage Holdings) stock went up by 0.67%, closing the day at $40.83 per share. The Company's stock was up by 1.57% during the past three trading days, compared to the Dow Jones Industrial Average which went up by 0.86% over the same three-day trading period. The Full Research Report on Nationstar Mortgage Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Invesco Mortgage Capital Inc. Research Report
On December 17, 2013, Invesco Mortgage Capital Inc. (Invesco Mortgage Capital) announced that it has elected Edward J. Hardin, to join the Board of Directors in February 2014. According to the Company, with the addition of Mr. Hardin, the size of its Board of Directors expands to six members. Invesco Mortgage Capital further informed that Mr. Hardin will also join the Audit, Compensation, and the Nominating and Corporate Governance committees. In the same release, the Company also announced that its Board of Directors has declared a cash dividend of $0.50 per share of common stock for Q4 2013, payable on January 28, 2014, to shareholders of record as of December 27, 2013, with an ex-dividend date of December 24, 2013. The Company further reported that its Board of Directors has also declared a cash dividend on its 7.75% Series A Preferred Stock of c.$0.48 per share for Q4 2013, payable on January 27, 2014, to shareholders of record as of January 1, 2014. The Full Research Report on Invesco Mortgage Capital Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
American Capital Mortgage Investment Corp. Research Report
On December 4, 2013, American Capital Mortgage Investment Corp. (MTGE) announced that through a subsidiary, it has acquired Residential Credit Solutions, Inc. (RCS). Commenting on the acquisition, Gary Kain, President and Chief Investment Officer, MTGE, and an RCS Director, stated, "The acquisition of RCS, a highly-regarded mortgage servicer, marks a significant milestone for MTGE as it positions itself to meet the demands of the evolving mortgage market." Kain added, "RCS provides MTGE with flexibility and expands and diversifies MTGE's investment capabilities by facilitating investments in mortgage servicing rights and whole loan portfolios. We are excited for this new phase for MTGE and look forward to partnering with the RCS team and its employees to source, acquire and manage such assets." The Full Research Report on American Capital Mortgage Investment Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Western Asset Mortgage Capital Corporation Research Report
On December 17, 2013, Western Asset Mortgage Capital Corporation's stock went up by 0.25%, closing the day at $16.04 per share. However, the Company's stock went down by 2.08% over the past three trading days, compared to the Dow Jones Industrial Average which went up by 0.86% during the same trading period. The Full Research Report on Western Asset Mortgage Capital Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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