Western Asset Mortgage Capital – Consensus Indicates Potential 14.8% Upside

Broker Ratings

Western Asset Mortgage Capital with ticker code (WMC) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 20 and 12.5 with the average target price sitting at 16.25. Given that the stocks previous close was at 14.15 this now indicates there is a potential upside of 14.8%. The 50 day moving average now sits at 13.24 while the 200 day moving average is 16.97. The company has a market capitalisation of $84m. Find out more information at: https://www.westernassetmcc.com

The potential market cap would be $96m based on the market concensus.

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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.

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