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Western Asset Mortgage Capital Corp (NYSE:WMC) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Boasting a price of $10.16, Western Asset Mortgage Capital Corp (NYSE:WMC) traded 0.10% higher on the day. With the last stock price close down 2.99% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Western Asset Mortgage Capital Corp has recorded a 50-day average of $10.37 and a two hundred day average of $10.21. Volume of trade was up over the average, with 380,473 shares of WMC changing hands over the typical 235,214

Zacks Investment Research has downgraded Western Asset Mortgage Capital Corp (NYSE:WMC) to Sell in a statement released on 7/7/2017.

Performance Chart

Western Asset Mortgage Capital Corp (NYSE:WMC)

With a total market value of $0, Western Asset Mortgage Capital Corp has price-earnings ratio of 12.81 with a one year low of $9.43 and a one year high of $11.18 .

A total of 5 equity analysts have released a ratings update on WMC. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally two equity analysts rating the company a sell with a one year target of $9.35.

Brief Synopsis About Western Asset Mortgage Capital Corp (NYSE:WMC)

Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company's portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans. The Company may utilize to-be-announced forward contracts (TBAs), in order to invest in Agency RMBS. The Company's manager is Western Asset Management Company.

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