JMP Securities Starts Western Asset Mortgage Capital (WMC) at Market Perform

July 25, 2017 4:32 AM EDT
Get Alerts WMC Hot Sheet
Price: $2.11 +0.48%

Rating Summary:
    2 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 19 | New: 35
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

JMP Securities initiates coverage on Western Asset Mortgage Capital (NYSE: WMC) with a Market Perform rating.

Analyst Trevor Cranston believes the company has a strong external manager, a compelling strategy, and an attractive dividend yield. He believes shares are fairly valued currently and would view any pullback in the price as an attractive investment opportunity.

FY 2017 Core EPS is for $1.18 and FY 2018 Core EPS is for $1.25.

For an analyst ratings summary and ratings history on Western Asset Mortgage Capital click here. For more ratings news on Western Asset Mortgage Capital click here.

Shares of Western Asset Mortgage Capital closed at $10.25 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, New Coverage

Related Entities

JMP Securities