Western Asset Mortgage Capital Corp (WMC) is Upgraded by Wunderlich to Hold, Raises Price Target to $ 9.50

Western Asset Mortgage Capital Corp (WMC) was Upgraded by Wunderlich to ” Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 9.50 from a previous price target of $8 . Earlier the firm had a rating of “Sell ” on the company shares. Wunderlich advised their investors in a research report released on Jun 27, 2016.

Many Wall Street Analysts have commented on Western Asset Mortgage Capital Corp. Shares were Downgraded by Wunderlich on May 10, 2016 to ” Sell” and Lowered the Price Target to $ 8 from a previous price target of $10 .Western Asset Mortgage Capital Corp was Downgraded by Wells Fargo to ” Underperform” on Apr 11, 2016.

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 -0.24 points or -2.51% at $9.33 with 9,80,500 shares getting traded on Friday. Post opening the session at $9.09, the shares hit an intraday low of $9.07 and an intraday high of $9.6 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).

Western Asset Mortgage Capital Corp

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