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Morgan Stanley Expands in Real Estate Credit, Buys Mesa West
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Morgan Stanley Investment Management, a unit of Morgan Stanley (MS - Free Report) , is set to acquire Los Angeles, CA-based Mesa West Capital, LLC, a commercial real estate credit platform. The financial terms of the deal, which is expected to close in the fourth quarter of 2017, were not disclosed.
With this acquisition, $5 billion in assets under management will get added to the company’s Investment Management unit, which had $435 billion in assets under management as of Jun 30, 2017 and adds about 7% to overall revenues of the company.
Morgan Stanley’s Investment Management wing will now be able to offer real estate credit, which was previously not available.
Mesa West is a leading, originations-focused, commercial real estate credit platform that has originated 250 loans since its inception in 2004, totaling $12 billion in principal balance. Mesa West’s employees will continue to work from its offices in Los Angeles, New York and Chicago. Also, its current management team, led by Co-Founders Jeff Friedman and Mark Zytko, will continue to manage the company on a day-to-day basis.
Shares of Morgan Stanley have gained 50.7% over the last 12 months, outperforming the industry’s rally of 38%.
Currently, Morgan Stanley carries a Zacks Rank #3 (Hold).
The Zacks Consensus Estimate for Interactive Brokers Group has been revised 3.4% upward for the current year over the last 60 days. Its share price has seen a 25.8% rise over the past 12 months.
Moelis & Company witnessed an upward earnings estimate revision of 2.3% for the current year in the last 60 days. Also, the stock has gained 64.5% in a year’s time.
Raymond James Financial’s Zacks Consensus Estimate has been revised upward by one cent per share, for the current year in the past 60 days. Also, in a year’s time, its share price has moved up 45.7%.
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Morgan Stanley Expands in Real Estate Credit, Buys Mesa West
Morgan Stanley Investment Management, a unit of Morgan Stanley (MS - Free Report) , is set to acquire Los Angeles, CA-based Mesa West Capital, LLC, a commercial real estate credit platform. The financial terms of the deal, which is expected to close in the fourth quarter of 2017, were not disclosed.
With this acquisition, $5 billion in assets under management will get added to the company’s Investment Management unit, which had $435 billion in assets under management as of Jun 30, 2017 and adds about 7% to overall revenues of the company.
Morgan Stanley’s Investment Management wing will now be able to offer real estate credit, which was previously not available.
Mesa West is a leading, originations-focused, commercial real estate credit platform that has originated 250 loans since its inception in 2004, totaling $12 billion in principal balance. Mesa West’s employees will continue to work from its offices in Los Angeles, New York and Chicago. Also, its current management team, led by Co-Founders Jeff Friedman and Mark Zytko, will continue to manage the company on a day-to-day basis.
Shares of Morgan Stanley have gained 50.7% over the last 12 months, outperforming the industry’s rally of 38%.
Currently, Morgan Stanley carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same space are Interactive Brokers Group (IBKR - Free Report) , Moelis & Company (MC - Free Report) and Raymond James Financial (RJF - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Interactive Brokers Group has been revised 3.4% upward for the current year over the last 60 days. Its share price has seen a 25.8% rise over the past 12 months.
Moelis & Company witnessed an upward earnings estimate revision of 2.3% for the current year in the last 60 days. Also, the stock has gained 64.5% in a year’s time.
Raymond James Financial’s Zacks Consensus Estimate has been revised upward by one cent per share, for the current year in the past 60 days. Also, in a year’s time, its share price has moved up 45.7%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>