Western Asset Mortgage Capital Corp Receives “Hold” Rating from Deutsche Bank (WMC)
Western Asset Mortgage Capital Corp (NYSE:WMC)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a report issued on Monday. They currently have a $15.25 target price on the stock, up from their previous target price of $15.00. Deutsche Bank’s price objective points to a potential upside of 4.52% from the company’s current price.
Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 1.64% during mid-day trading on Monday, hitting $14.83. The stock had a trading volume of 952,974 shares. Western Asset Mortgage Capital Corp has a 52 week low of $13.50 and a 52 week high of $17.77. The stock’s 50-day moving average is $13.99 and its 200-day moving average is $14.80. The company has a market cap of $618.7 million and a price-to-earnings ratio of 4.87.
Western Asset Mortgage Capital Corp (NYSE:WMC) last announced its earnings results on Thursday, August 7th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.19. During the same quarter in the previous year, the company posted $0.94 earnings per share. Analysts expect that Western Asset Mortgage Capital Corp will post $2.64 EPS for the current fiscal year.
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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