Richard Eckert

MLV & Co downgraded ARMOUR Residential REIT, Inc. (NYSE: ARR) from Buy to Hold and cut its price target from $4.50 to $4.00. Analyst Richard Eckert noted that the “lower rating is a product of the diminished upside potential represented by our new price target...and the smaller yield...

In a report published Friday, MLV & Co analyst Richard Eckert initiated coverage on Resource America Inc (NASDAQ: REXI) with a Buy rating and $11.00 price target. In the report, MLV & Co noted, “The past, present and future theme is woven throughout our report, embedding itself in both our...

In a report published Thursday, MLV & Co. analyst Richard Eckert upgraded the rating on Resource Capital Corp. (NYSE: RSO) from Hold to Buy, and reiterated a $6.00 price target. In the report, MLV & Co noted, “Notwithstanding small cuts to our estimates of 2014 and 2015 AFFO/Share, we are...

In a report published Thursday, MLV & Co analyst Richard Eckert reiterated a Hold rating and $6.00 price target on Resource Capital (NYSE: RSO). In the report, MLV & Co noted, “Last Tuesday, after the market close, RSO reported another muddy quarter. 2Q14 AFFO/Share of 19¢ was just a penny...

In a report published Monday, MLV & Co analyst Richard Eckert reiterated a Hold rating on New York Mortgage Trust (NASDAQ: NYMT), and raised the price target from $7.45 to $7.50. In the report, MLV & Co noted, “NYMT reported a record quarterly net income of $30.3mm, $0.34/share, largely as...

In a report published Thursday, MLV & Co analyst Richard Eckert reiterated a Buy rating on Northstar Realty Finance (NYSE: NRF), but lowered the price target from $24.00 to $22.25. In the report, MLV & Co noted, “NRF declared a dividend of 50 cents for the second quarter of 2014. This was...

In a report published Thursday, MLV & Co analyst Richard Eckert reiterated a Hold rating on Dynex Capital (NYSE: DX), and raised the price target from $9.30 to $9.35. In the report, MLV & Co noted, “Dynex reported a largely in-line quarter for the 3 months ended June 30th, 2014. Core EPS of...

In a report published Wednesday, MLV & Co. analyst Richard Eckert reiterated a Buy rating and $24.00 price target on Northstar Realty Finance (NYSE: NRF). In the report, MLV & Co noted, “On Monday, NRF spun its asset manager, NorthStar Asset Management (NYSE:NSAM-$19.20-NR) and, at the same...

In a report published Thursday, MLV & Co analyst Richard Eckert downgraded the rating on New York Mortgage Trust (NASDAQ: NYMT) from Buy to Hold, but raised the price target from $7.50 to $7.65. In the report, MLV & Co noted, “Make no mistake about it, this is a valuation call. NYMT shares...

In a report published Tuesday, MLV & Co analyst Richard Eckert initiated coverage on ARMOUR Residential REIT (NYSE: ARR) with a Buy rating and $5.00 price target. In the report, MLV & Co noted, “We are initiating coverage of ARR with a Buy rating and $5 price target. Currently the stock is...

In a report published Tuesday, MLV & Co analyst Richard Eckert initiated coverage on Dynex Capital (NYSE: DX) with a Buy rating and $9.00 price target. In the report, MLV & Co noted, “We are initiating coverage of DX with a Buy rating and $9 price target. DX shares are now trading at...

In a report published Tuesday, MLV & Co analyst Richard Eckert initiated coverage on Hatteras Financial Corp. (NYSE: HTS) with a Buy rating and $21.00 price target. In the report, MLV & Co noted, “We are initiating coverage of HTS with a Buy rating and $21 price target. Currently trading...