Western Asset Mortgage Capital Corp (WMC) was Downgraded by Wunderlich to ” Sell” while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . Earlier the firm had a rating of “Hold ” on the company shares. Wunderlich advised their investors in a research report released on May 10, 2016.
Many Wall Street Analysts have commented on Western Asset Mortgage Capital Corp. Western Asset Mortgage Capital Corp was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016. Shares were Reiterated by Deutsche Bank on Mar 10, 2016 to “Hold” and Lowered the Price Target to $ 12 from a previous price target of $13 .Shares were Reiterated by Wunderlich on Mar 2, 2016 to “Hold” and Lowered the Price Target to $ 10 from a previous price target of $11 .
On the company’s financial health, Western Asset Mortgage Capital Corp reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.16 based on the information available during the earnings call on May 6, 2016. Analyst had a consensus of $0.39.Analysts expectations of $ 24.94.During the same quarter in the previous year, the company posted $0.82 EPS.
Western Asset Mortgage Capital Corp closed down -0.35 points or -3.60% at $9.36 with 11,71,314 shares getting traded on Friday. Post opening the session at $9.18, the shares hit an intraday low of $9.05 and an intraday high of $9.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 13, 2016, Gavin L James (CEO) purchased 730 shares at $15.21 per share price. According to the SEC, on Dec 28, 2015, Elliott Neumayer (COO) purchased 200 shares at $10.84 per share price.
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 Company’s 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).