Zacks Investment Research downgraded shares of WESTERN AST MTG (WMC) from OUTPERFORM to NEUTRAL on October 17, 2012, with a target price of $26.50.
Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency or federally chartered corporation. Western Asset Mortgage Capital Corporation is headquartered in Pasadena, California.
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