Western Asset Mortgage Capital found using ticker (WMC) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 20 and 12.5 calculating the mean target price we have 16.25. With the stocks previous close at 13.44 this would imply there is a potential upside of 20.9%. The 50 day MA is 13.35 and the 200 moving average now moves to 16.71. The company has a market capitalisation of $81m. Visit the company website at: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.
