$21.00 price target by Seeking Alpha Markus Aarnio
Time will tell because they are doing very well. Look at MTGE. A year ago is was around $15.00 and now it is over $25.00. The well run reits are doing better than the rest of the stock market. They have much lower beta. With interest rates so low, it is a good time to be in this business. It helps that the realestate market has most likely bottomed here.
No. PSEC will always slam your PPS with secondaries if you get 10% over book. If the management can get the book value up to $18 over the next two years than I could see $21 target as the market pricing in better growth prospects. How likely is that? Not very. More likely you will wake up tomorrow morning, 9/12/12 to a secondary offering equal to 10% of the common.