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Morgan Stanley (MS) Unit Completes Buyout of Mesa West
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Morgan Stanley Investment Management, a unit of Morgan Stanley (MS - Free Report) , has successfully completed the acquisition of Los Angeles, CA-based commercial real estate credit platform, Mesa West Capital, LLC.
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.
Its acquisition adds $5 billion in assets under management (AUM) to Morgan Stanley’s Investment Management unit and nearly 7% to the company’s overall revenues.
Morgan Stanley’s Investment Management wing will now be able to offer real estate credit that was previously unavailable.
Notably, Mesa West’s employees will continue to work from its offices in Los Angeles, New York and Chicago, and Mesa West itself will operate as a separate entity within Morgan Stanley Investment Management’s Real Assets group.
Also, Mesa West’s current management team, led by Co-Founders Jeff Friedman and Mark Zytko, will continue to manage the company on a day-to-day basis.
With an aim to lower balance-sheet risk and focus on its two less capital intensive businesses -- Wealth Management and Investment Management, Morgan Stanley has been taking several restructuring initiatives over the past few years. Moreover, its significantly diversified footprint and product portfolio are expected to support top-line growth in the future.
Shares of Morgan Stanley have gained 33.5% over the last 12 months, outperforming the industry’s rally of 29.6%.
Currently, Morgan Stanley carries a Zacks Rank #3 (Hold).
The Zacks Consensus Estimate for Interactive Brokers Group has been revised nearly 1% upward for the current year over the last 60 days. Its shares have surged more than 95% over the past 12 months.
Moelis & Company witnessed an upward earnings estimate revision of 10.5% for the current year in the last 60 days. Also, the stock has gained 43% in a year’s time.
Stifel Financial’s Zacks Consensus Estimate has been revised marginally upward, for the current year in the past 60 days. Also, in a year’s time, its share price has moved up 30.4%.
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Morgan Stanley (MS) Unit Completes Buyout of Mesa West
Morgan Stanley Investment Management, a unit of Morgan Stanley (MS - Free Report) , has successfully completed the acquisition of Los Angeles, CA-based commercial real estate credit platform, Mesa West Capital, LLC.
![](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ms%20chart(1).jpg)
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.
Its acquisition adds $5 billion in assets under management (AUM) to Morgan Stanley’s Investment Management unit and nearly 7% to the company’s overall revenues.
Morgan Stanley’s Investment Management wing will now be able to offer real estate credit that was previously unavailable.
Notably, Mesa West’s employees will continue to work from its offices in Los Angeles, New York and Chicago, and Mesa West itself will operate as a separate entity within Morgan Stanley Investment Management’s Real Assets group.
Also, Mesa West’s current management team, led by Co-Founders Jeff Friedman and Mark Zytko, will continue to manage the company on a day-to-day basis.
With an aim to lower balance-sheet risk and focus on its two less capital intensive businesses -- Wealth Management and Investment Management, Morgan Stanley has been taking several restructuring initiatives over the past few years. Moreover, its significantly diversified footprint and product portfolio are expected to support top-line growth in the future.
Shares of Morgan Stanley have gained 33.5% over the last 12 months, outperforming the industry’s rally of 29.6%.
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 Stifel Financial Corp. (SF - 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 nearly 1% upward for the current year over the last 60 days. Its shares have surged more than 95% over the past 12 months.
Moelis & Company witnessed an upward earnings estimate revision of 10.5% for the current year in the last 60 days. Also, the stock has gained 43% in a year’s time.
Stifel Financial’s Zacks Consensus Estimate has been revised marginally upward, for the current year in the past 60 days. Also, in a year’s time, its share price has moved up 30.4%.
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>>