Western Asset Mortgage Capital Corporation (WMC) has risen sharply, recording gains of 7.32% in the past 4 weeks. However, the stock has corrected -1.22% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.41% and the fifty day Moving Average is 6.08%. Western Asset Mortgage Capital Corporation is up 18.94% in the last three month period. Year-to-Date the stock performance stands at 11.61%.
Western Asset Mortgage Capital Corporation (WMC) : The most positive equity analysts on Western Asset Mortgage Capital Corporation (WMC) expects the shares to touch $11, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $10.67 with an expected fluctuation of $0.58 from the mean.
Western Asset Mortgage Capital Corporation (NYSE:WMC): On Fridays trading session , Opening price of the stock was $10.71 with an intraday high of $10.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.495. However, the stock managed to close at $10.56, a loss of 1.58% for the day. On the previous day, the stock had closed at $10.73. The total traded volume of the day was 213,031 shares.
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).