Western Asset Mortgage Capital with ticker code (WMC) have now 2 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 20 and 12.5 with the average target price sitting at 16.25. Given that the stocks previous close was at 13.08 this is indicating there is a potential upside of 24.2%. There is a 50 day moving average of 12.56 and the 200 day MA is 18.72. The market cap for the company is $827m. You can visit the company’s website by visiting: https://www.westernassetmcc.com
The potential market cap would be $1,028m 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.
