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Western Asset Mortgage Capital Stock Price, News & Analysis (NYSE:WMC)

$9.18
+0.39 (+4.44%)
(As of 04:30 PM ET)
Compare
Today's Range
$8.66
▼
$9.20
50-Day Range
$8.02
▼
$9.83
52-Week Range
$7.82
▼
$11.64
Volume
33,475 shs
Average Volume
28,260 shs
Market Capitalization
$55.54 million
P/E Ratio
N/A
Dividend Yield
4.36%
Price Target
$17.50
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

Western Asset Mortgage Capital MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
90.6% Upside
$17.50 Price Target
Short Interest
Healthy
0.18% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Finance Sector

203rd out of 774 stocks

Real Estate Investment Trusts Industry

38th out of 166 stocks

See Top Rated MarketRank™ Stocks Here

WMC stock logo

About Western Asset Mortgage Capital Stock (NYSE:WMC)

Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests in, acquires, and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other related investments. The company qualifies as a real estate investment trust for federal income tax purposes. Western Asset Mortgage Capital Corporation was incorporated in 2009 and is based in Pasadena, California.

WMC Stock Price History

WMC Stock News Headlines

November 30, 2023 | americanbankingnews.com
StockNews.com Begins Coverage on Western Asset Mortgage Capital (NYSE:WMC)
November 6, 2023 | finance.yahoo.com
Western Asset Mortgage Capital Corporation Expects to Adjourn Special Meeting of Stockholders Until December 5, 2023
December 5, 2023 | Autonomix (Ad)
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November 3, 2023 | finance.yahoo.com
Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending Western Asset Mortgage Capital Corporation Stockholders Vote "FOR" the Proposed Merger With AG Mortgage Investment Trust
October 27, 2023 | businesswire.com
Leading Independent Proxy Advisory Firm ISS Recommends AG Mortgage Investment Trust Stockholders Vote “FOR” the Proposed Merger With Western Asset Mortgage Capital Corporation
October 27, 2023 | finance.yahoo.com
Leading Independent Proxy Advisory Firm ISS Recommends Western Asset Mortgage Capital Corporation Stockholders Vote "For" the Proposed Merger With AG Mortgage Investment Trust
October 26, 2023 | finance.yahoo.com
Western Asset Mortgage Capital Corporation Announces Interim Fourth Quarter Common Dividend of $0.14 Per Share
September 29, 2023 | finance.yahoo.com
Delving into Western Asset Mortgage Capital Corp's Dividend Performance
December 5, 2023 | DTI Trader (Ad)
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August 12, 2023 | businesswire.com
WESTERN ASSET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Western Asset ...
August 10, 2023 | uk.finance.yahoo.com
Q2 2023 Western Asset Mortgage Capital Corp Earnings Call
August 9, 2023 | benzinga.com
WMC Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Western Asset Mortgage Capital Corporation Is Fair to Shareholders
August 9, 2023 | finance.yahoo.com
Terra Property Trust Issues Statement Regarding Terminated Transaction with Western Asset Mortgage Capital Corporation
August 8, 2023 | finance.yahoo.com
Western Asset Mortgage Capital Corporation Announces Second Quarter 2023 Results
August 3, 2023 | finance.yahoo.com
Terra Property Trust tops Angelo Gordon-backed REIT's bid for Western Asset Mortgage -letter
July 28, 2023 | finance.yahoo.com
Western Asset Mortgage Capital Corporation Board Determines AG Mortgage Investment Trust, Inc. Proposal Is Superior to Terra Property Trust, Inc. Merger Agreement
July 18, 2023 | msn.com
Western Asset Mortgage to start merger talks with AG Mortgage Investment
July 13, 2023 | msn.com
AG Mortgage Investment offers to acquire Western Asset Mortgage for $9.88/share
July 10, 2023 | markets.businessinsider.com
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates KDNY, WMC, IMNM, AJX
July 5, 2023 | fool.com
Western Asset Mortgage Capital (NYSE: WMC)
June 30, 2023 | businesswire.com
WESTERN ASSET THERAPEUTICS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Western Asset Mortgage Capital Corporation ...
June 28, 2023 | benzinga.com
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Western Asset Mortgage Capital Corporation Merger
June 28, 2023 | benzinga.com
WMC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Western Asset Mortgage Capital Corporation Is Fair to Shareholders
May 30, 2023 | finance.yahoo.com
WMC - Western Asset Mortgage Capital Corporation
May 4, 2023 | msn.com
Western Asset Mortgage Capital Non-GAAP EPS of $0.36
May 4, 2023 | finance.yahoo.com
Western Asset Mortgage Capital Corporation Announces First Quarter 2023 Results
March 6, 2023 | finance.yahoo.com
Western Asset Mortgage Capital Corporation (NYSE:WMC) Q4 2022 Earnings Call Transcript
See More Headlines
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Company Calendar

Last Earnings
8/04/2022
Ex-Dividend for 11/8 Dividend
11/02/2023
Dividend Payable
11/08/2023
Ex-Dividend for 12/5 Dividend
11/29/2023
Today
12/05/2023
Dividend Payable
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/07/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
Current Symbol
NYSE:WMC
CUSIP
95790D10
CIK
1465885
Web
www.westernassetmcc.com
Phone
(626) 844-9400
Fax
N/A
Employees
1
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.50
High Stock Price Target
$17.50
Low Stock Price Target
$17.50
Potential Upside/Downside
+99.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.96)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-89,080,000.00
Net Margins
-7.10%
Pretax Margin
-7.17%
Return on Equity
8.01%
Return on Assets
0.31%

Debt

Debt-to-Equity Ratio
27.43
Current Ratio
352.98
Quick Ratio
352.98

Sales & Book Value

Annual Sales
$158.72 million
Price / Sales
0.34
Cash Flow
$2.23 per share
Price / Cash Flow
3.94
Book Value
$15.70 per share
Price / Book
0.56

Miscellaneous

Outstanding Shares
6,050,000
Free Float
5,953,000
Market Cap
$53.18 million
Optionable
Optionable
Beta
1.68
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Key Executives

  • Mr. James William Hirschmann III (Age 62)
    Chairman of the Board
  • Mr. Robert Lehman (Age 62)
    Chief Financial Officer
    Comp: $341.78k
  • Mr. Elliott NeumayerMr. Elliott Neumayer (Age 42)
    Chief Operating Officer
  • Mr. Sean O. Johnson C.F.A. (Age 56)
    Deputy Chief Investment Officer
  • Ms. Bonnie Wongtrakool C.F.A. (Age 49)
    CEO & Director
  • Mr. Greg Handler C.F.A. (Age 42)
    Chief Investment Officer
  • Mr. Larry Clark CFA
    Investor Relations Contact
  • Mr. Charles Antony Ruys de Perez J.D. (Age 65)
    Secretary
  • Adam C. E. Wright
    Assistant Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions














WMC Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Asset Mortgage Capital stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Asset Mortgage Capital in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WMC shares.
View WMC analyst ratings or view top-rated stocks.

What is Western Asset Mortgage Capital's stock price target for 2024?

1 equities research analysts have issued 1 year target prices for Western Asset Mortgage Capital's stock. Their WMC share price targets range from $17.50 to $17.50. On average, they expect the company's stock price to reach $17.50 in the next year. This suggests a possible upside of 90.6% from the stock's current price.
View analysts price targets for WMC or view top-rated stocks among Wall Street analysts.

How have WMC shares performed in 2023?

Western Asset Mortgage Capital's stock was trading at $9.11 on January 1st, 2023. Since then, WMC stock has increased by 0.8% and is now trading at $9.18.
View the best growth stocks for 2023 here.

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 10,500 shares, a decrease of 55.5% from the October 31st total of 23,600 shares. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.
View Western Asset Mortgage Capital's Short Interest.

When is Western Asset Mortgage Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our WMC earnings forecast.

How were Western Asset Mortgage Capital's earnings last quarter?

Western Asset Mortgage Capital Co. (NYSE:WMC) issued its quarterly earnings data on Thursday, August, 4th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Western Asset Mortgage Capital had a negative net margin of 7.10% and a positive trailing twelve-month return on equity of 8.01%. During the same period in the previous year, the company earned $0.50 EPS.

How often does Western Asset Mortgage Capital pay dividends? What is the dividend yield for Western Asset Mortgage Capital?

Western Asset Mortgage Capital declared a quarterly dividend on Monday, November 20th. Investors of record on Thursday, November 30th will be given a dividend of $0.10 per share on Tuesday, December 5th. This represents a $0.40 annualized dividend and a yield of 4.36%. The ex-dividend date is Wednesday, November 29th.
Read our dividend analysis for WMC.

Is Western Asset Mortgage Capital a good dividend stock?

Western Asset Mortgage Capital (NYSE:WMC) pays an annual dividend of $0.40 per share and currently has a dividend yield of 4.55%. WMC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for WMC.

When did Western Asset Mortgage Capital's stock split?

Western Asset Mortgage Capital shares reverse split on the morning of Monday, July 11th 2022. The 1-10 reverse split was announced on Monday, July 11th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, July 11th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

What other stocks do shareholders of Western Asset Mortgage Capital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Asset Mortgage Capital investors own include New Residential Investment (NRZ), New York Mortgage Trust (NYMT), CBL & Associates Properties (CBL), CVR Refining (CVRR), (HCLP) (HCLP), DHT (DHT), Two Harbors Investment (TWO), SunCoke Energy Partners (SXCP), SEASPAN CORP/SH SH (SSW) and NGL Energy Partners (NGL).

Who are Western Asset Mortgage Capital's major shareholders?

Western Asset Mortgage Capital's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Trium Capital LLP (1.20%), Almitas Capital LLC (0.18%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Bonnie M Wongtrakool, Elliott Neumayer, Greg E Handler, Lisa Meyer and Sean O Johnson.
View institutional ownership trends.

How do I buy shares of Western Asset Mortgage Capital?

Shares of WMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:WMC) was last updated on 12/5/2023 by MarketBeat.com Staff

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