Western Asset Mortgage Capital Corporation (WMC) : 3 Wall Street analysts covering Western Asset Mortgage Capital Corporation (WMC) believe that the average level the stock could reach for the short term is $10.67. The maximum price target given is $11 and the minimum target for short term is around $10, hence the standard deviation is calculated at $0.58.
Western Asset Mortgage Capital Corporation (WMC) : 4 analysts are covering Western Asset Mortgage Capital Corporation (WMC) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Citigroup maintains its view on Western Asset Mortgage Capital Corporation (NYSE:WMC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $9 per share to $10 per share on Western Asset Mortgage Capital Corporation. The rating by the firm was issued on August 17, 2016.
Western Asset Mortgage Capital Corporation (NYSE:WMC): The stock opened at $10.56 on Thursday but the bulls could not build on the opening and the stock topped out at $10.59 for the day. The stock traded down to $10.42 during the day, due to lack of any buying support eventually closed down at $10.52 with a loss of -0.57% for the day. The stock had closed at $10.58 on the previous day. The total traded volume was 182,539 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).