Western Asset Mortgage Capital Corporation (WMC) : Zacks Investment Research ranks Western Asset Mortgage Capital Corporation (WMC) as 5, which is a Strong Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3.4, which indicates as a Hold.
Western Asset Mortgage Capital Corporation (WMC) : Average target price received by Western Asset Mortgage Capital Corporation (WMC) is $10.06 with an expected standard deviation of $0.97. The most aggressive target on the stock is $12, whereas the most downbeat target is $10. 4 financial analysts are currently covering the stock.
Western Asset Mortgage Capital Corporation (NYSE:WMC): The stock was completely flat for the day, closing at $9.33 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $9.27, the stock touched an intraday high of $9.39 and a low of $9.22. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $9.33. The total trading volume on Wednesday was 371,497.
Also, Brokerage firm Bank of America downgrades its rating on Western Asset Mortgage Capital Corporation (NYSE:WMC). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -38.46% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $15.24 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.42 and the 200 Day Moving Average price is recorded at $9.84.
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).