Trade Report: Today: Western Asset Mortgage Capital Corp. (WMC) Given Consensus Rating of “Hold” by Brokerages

Today: Western Asset Mortgage Capital Corp. (WMC) Given Consensus Rating of “Hold” by Brokerages

Western Asset Mortgage Capital Corp. (NYSE:WMC) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the company. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.00.

A number of research firms have commented on WMC. Bank of America Corp. set a $11.00 price objective on Western Asset Mortgage Capital Corp. and gave the stock a “hold” rating in a research note on Thursday, August 11th. Citigroup Inc. raised their price objective on Western Asset Mortgage Capital Corp. from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 17th. Wunderlich upgraded Western Asset Mortgage Capital Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.50 to $11.00 in a research note on Friday, August 5th. Deutsche Bank AG lifted their price target on Western Asset Mortgage Capital Corp. from $9.75 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, August 10th. Finally, Zacks Investment Research lowered Western Asset Mortgage Capital Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd.

Shares of Western Asset Mortgage Capital Corp. (NYSE:WMC) traded up 0.09% during trading on Monday, hitting $10.67. The stock had a trading volume of 88,854 shares. The stock’s market capitalization is $447.28 million. The stock has a 50 day moving average price of $10.20 and a 200-day moving average price of $10.03. Western Asset Mortgage Capital Corp. has a one year low of $8.04 and a one year high of $12.20.

Western Asset Mortgage Capital Corp. (NYSE:WMC) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. Western Asset Mortgage Capital Corp. had a positive return on equity of 9.54% and a negative net margin of 5.53%. During the same quarter last year, the firm posted $0.54 EPS. On average, equities research analysts predict that Western Asset Mortgage Capital Corp. will post $2.91 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of WMC. Rhumbline Advisers raised its stake in shares of Western Asset Mortgage Capital Corp. by 0.6% in the third quarter. Rhumbline Advisers now owns 50,307 shares of the company’s stock worth $524,000 after buying an additional 300 shares during the last quarter. BlackRock Inc. raised its stake in shares of Western Asset Mortgage Capital Corp. by 3.1% in the third quarter. BlackRock Inc. now owns 14,228 shares of the company’s stock worth $148,000 after buying an additional 429 shares during the last quarter. BlackRock Group LTD raised its stake in shares of Western Asset Mortgage Capital Corp. by 3.4% in the third quarter. BlackRock Group LTD now owns 17,648 shares of the company’s stock worth $184,000 after buying an additional 576 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Western Asset Mortgage Capital Corp. by 3.2% in the second quarter. Nationwide Fund Advisors now owns 27,862 shares of the company’s stock worth $262,000 after buying an additional 851 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Western Asset Mortgage Capital Corp. by 1.0% in the third quarter. California State Teachers Retirement System now owns 86,753 shares of the company’s stock worth $904,000 after buying an additional 900 shares during the last quarter. 33.24% of the stock is owned by hedge funds and other institutional investors.

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