Western Asset Mortgage Capital Corporation (NYSE:WMC) : The consensus on Western Asset Mortgage Capital Corporation (NYSE:WMC) based on 5 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Western Asset Mortgage Capital Corporation (NYSE:WMC) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $12 and the lowest price target forecast is $8. The average forecast of all the analysts is $9.81 and the expected standard deviation is $1.43.
Company shares have received an average consensus rating of Hold for the current week
Western Asset Mortgage Capital Corporation (NYSE:WMC): stock turned positive on Tuesday. Though the stock opened at $9.5, the bulls momentum made the stock top out at $9.69 level for the day. The stock recorded a low of $9.43 and closed the trading day at $9.67, in the green by 2.55%. The total traded volume for the day was 670,139. The stock had closed at $9.43 in the previous days trading.
In an insider trading activity, James Gavin L, CEO of Western Asset Mortgage Capital Corp, executed a transaction worth $11,103 on November 21, 2014. A total of 730 shares were purchased at an average price of $15.21. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Western Asset Mortgage Capital Corporation is a specialty financial real estate investment trust (REIT) managing a diversified mortgage-market investment portfolio, including undervalued assets. The Companys is primarily focused on investing in, financing and managing Agency residential mortgage-backed securities (RMBS) (including To-Be-Announced securities (TBAs)), Non-Agency RMBS, and Agency and Non-Agency commercial mortgage-backed securities (CMBS). In addition, the Company also invests in other securities, including certain Agency obligations that are not technically mortgage-backed securities (MBS), as well as certain Non United States CMBS and asset-backed securities (ABS) investments secured by a portfolio private student loans and interests in residential whole-loans. The Company is externally managed and advised by Western Asset Management Company (the Manager).