Zacks Investment Research upgraded shares of JAVELIN MTGE (JMI) from NEUTRAL to OUTPERFORM on January 02, 2013, with a target price of $20.80.
Javelin Mortgage Investment Corp. invests and manages a leveraged portfolio of agency mortgage-backed securities, non-agency mortgage-backed securities and other mortgage-related investments. It invests primarily in hybrid adjustable rate, adjustable rate and fixed rate Agency RMBS and non-Agency RMBS. The company has elected to be taxed as a real estate investment trust for U.S. Federal income tax purposes, commencing with its taxable year ended December 31, 2012. Javelin Mortgage Investment Corp is based in Vero Beach, United States.
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