KBW On LSE Share Offering

KBW has issued a report on Caplease Inc's LSE share offering announcement. According to the report, "LSE announced a 10M share offering (with an additional 1.5M share option) for expected net proceeds of roughly $62M (assuming shoe is exercised). LSE has returned to a more offensive posture recently and we believe its strategy of growing via acquisitions while opportunistically deleveraging should translate into multiple expansion over time, as well as increase the company's market cap and liquidity." LSE is rated Market Perform and has a $6 Price Target. LSE closed yesterday at $5.48 a share.