Western Asset Mortgage Capital found using ticker (WMC) have now 2 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 20 and 12.5 calculating the mean target price we have 16.25. Given that the stocks previous close was at 13.74 this is indicating there is a potential upside of 18.3%. The day 50 moving average is 13.07 and the 200 day MA is 17.24. The company has a market capitalisation of $83m. Company Website: https://www.westernassetmcc.com
The potential market cap would be $98m based on the market concensus.
Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests in, acquires, and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other related investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Western Asset Mortgage Capital Corporation was incorporated in 2009 and is based in Salt Lake City, Utah.
