Citigroup Initiates Coverage on Western Asset Mortgage Capital Corp (WMC)

By admin | 6 years ago

Citigroup (NYSE: C) initiated coverage on shares of Western Asset Mortgage Capital Corp (NYSE: WMC) in a research note issued on Monday. The firm set a “buy” rating on the stock.

Separately, analysts at JPMorgan Chase (NYSE: JPM) initiated coverage on shares of Western Asset Mortgage Capital Corp in a research note to investors on Monday. They set a “neutral” rating and a $19.00 price target on the stock.

Shares of Western Asset Mortgage Capital Corp traded down 0.69% during mid-day trading on Monday, hitting $18.80. Western Asset Mortgage Capital Corp has a 52 week low of $17.57 and a 52 week high of $19.36.

Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities (RMBS), which are not issued or guaranteed by a United States Government agency or federally chartered corporation, or non-Agency RMBS.

About the author