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Western Asset Mortgage Capital Corp (NYSE:WMC)‘s stock had its “neutral” rating restated by investment analysts at Citigroup Inc. in a note issued to investors on Tuesday. They currently have a $14.00 price target on the stock, down from their previous price target of $16.41. Citigroup Inc.’s price target points to a potential downside of 5.72% from the company’s current price.

Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) traded down 0.27% on Tuesday, hitting $14.81. 310,610 shares of the company’s stock traded hands. 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 $13.98 and its 200-day moving average is $14.81. The company has a market cap of $617.8 million and a P/E ratio of 4.95.

Western Asset Mortgage Capital Corp (NYSE:WMC) last announced its earnings results on Thursday, August 7th. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.19. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, analysts predict that Western Asset Mortgage Capital Corp will post $2.71 earnings per share for the current fiscal year.

Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Western Asset Mortgage Capital Corp in a research note on Monday. They now have a $15.25 price target on the stock, up previously from $15.00. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $14.63.

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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