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Western Asset Mortgage Capital Corp (NYSE:WMC) posted its quarterly earnings results on Thursday. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.19, American Banking & Market News reports. During the same quarter in the previous year, the company posted $0.94 earnings per share.

Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 3.98% during mid-day trading on Thursday, hitting $14.3801. The stock had a trading volume of 381,709 shares. Western Asset Mortgage Capital Corp has a 1-year low of $13.50 and a 1-year high of $17.77. The stock’s 50-day moving average is $13.99 and its 200-day moving average is $14.81. The company’s market cap is $599.9 million.

A number of analysts have recently weighed in on WMC shares. Analysts at Zacks upgraded shares of Western Asset Mortgage Capital Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $14.10 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Western Asset Mortgage Capital Corp from $16.00 to $14.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $14.60.

Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities (NYSE:WMC), which are not issued or guaranteed by a United States Government agency or federally chartered corporation, or non-Agency RMBS.

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