▼ -38.65% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for Western Asset Mortgage Capital in the last 3 months. The average price target is $2.00, with a high forecast of $2.00 and a low forecast of $2.00. The average price target represents a -38.65% upside from the last price of $3.26.
The current consensus among 1 investment analysts is to sell stock in Western Asset Mortgage Capital. This rating has held steady since March 2020, when it changed from a Hold consensus rating.
Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on acquiring, investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2009 and is based in Pasadena, California.