Keefe, Bruyette & Woods downgraded shares of Western Asset Mortgage Capital Corp (NYSE:WMC) from an outperform rating to a market perform rating in a report released on Wednesday morning, TheFlyOnTheWall.com reports.
Western Asset Mortgage Capital Corp (NYSE:WMC) opened at 15.99 on Wednesday. Western Asset Mortgage Capital Corp has a 52-week low of $14.55 and a 52-week high of $23.98. The stock has a 50-day moving average of $16.42 and a 200-day moving average of $17.48. The company has a market cap of $388.6 million and a price-to-earnings ratio of 2.94.
Western Asset Mortgage Capital Corp (NYSE:WMC) last announced its earnings results on Thursday, November 7th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.01. The company had revenue of $26.40 million for the quarter, compared to the consensus estimate of $26.40 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 137.8% on a year-over-year basis.
WMC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Western Asset Mortgage Capital Corp from a neutral rating to an outperform rating in a research note to investors on Wednesday, October 16th. They now have a $18.10 price target on the stock. Analysts at Compass Point upgraded shares of Western Asset Mortgage Capital Corp from a neutral rating to a buy rating in a research note to investors on Monday, September 16th. They now have a $17.50 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Western Asset Mortgage Capital Corp presently has an average rating of Hold and a consensus price target of $18.14.
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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