Western Asset Mortgage Capital Corporation (WMC) : During the past 4 weeks, traders have been relatively bearish on Western Asset Mortgage Capital Corporation (WMC), hence the stock is down -1.75% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.87% relative to the S&P 500. The 4-week change in the price of the stock is -3.74% and the stock has fallen -1.34% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.34% and the 50-Day Moving Average is 0.09%.The 200 Day SMA reached 7.26% Western Asset Mortgage Capital Corporation is up 6.92% in the last 3-month period. Year-to-Date the stock performance stands at 8.76%.
Western Asset Mortgage Capital Corporation (WMC) : The consensus price target for Western Asset Mortgage Capital Corporation (WMC) is $10.67 for the short term with a standard deviation of $0.58. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $11, however, the pessimist price target for the company is $10.
Company shares have received an average consensus rating of Hold for the current week Western Asset Mortgage Capital Corporation (NYSE:WMC): stock was range-bound between the intraday low of $10.235 and the intraday high of $10.53 after having opened at $10.53 on Fridays session. The stock finally closed in the red at $10.53, a loss of -2.28%. The stock remained in the red for the whole trading day. The total traded volume was 1,598,243 shares. The stock failed to cross $10.53 in Fridays trading. The stocks closing price on Thursday was $10.29.
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).