Western Asset Mortgage Capital with ticker code (WMC) now have 2 total analysts covering the stock. The consensus rating is “Hold”. The target price ranges between 20 and 12.5, with the average target price standing at 16.25. Given that the stock’s previous close was at 13.08, this indicates that there is 24.2% upside potential. There is a 50-day moving average of 12.56 and the 200-day MA is 18.72. The market cap of the company is $827 million. You can visit the company’s website by visiting: https://www.westernassetmcc.com

The potential market capitalization would be $1,028 million based on market consensus.

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Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests, acquires and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgages, residential mortgage-backed securities (RMBS) and other related investments. The Company is considered a real estate investment trust for federal income tax purposes. It would generally not be subject to federal corporate income tax if it distributed at least 90% of its taxable income to its shareholders. Western Asset Mortgage Capital Corporation was incorporated in 2009 and is based in Salt Lake City, Utah.