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

1 Wall Street equities 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 equities 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 Wall Street analysts have issued 12 month price targets for Western Asset Mortgage Capital's stock. Their WMC share price targets range from $17.50 to $17.50. On average, they predict the company's share price to reach $17.50 in the next year. This suggests a possible upside of 99.1% 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 at the beginning of the year. Since then, WMC stock has decreased by 3.5% and is now trading at $8.79. View the best growth stocks for 2023 here .

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 10,500 shares, a decline 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. Currently, 0.2% of the company's shares 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) released its quarterly earnings results on Thursday, August, 4th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Western Asset Mortgage Capital had a positive trailing twelve-month return on equity of 8.01% and a negative net margin of 7.10%. During the same period in the previous year, the firm 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. Stockholders 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 dividend yield of 4.55%. The ex-dividend date of this dividend 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 4.72%. 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's stock reverse split on 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 number of institutional and retail investors. Top institutional investors 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 .

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

$8.79

+0.37 (+4.39%)

(As of 12/1/2023 ET)

Compare

Today's Range: $8.11
▼
$8.85
50-Day Range: $8.02
▼
$9.83
52-Week Range: $7.82
▼
$11.64

Volume: 22,893 shs
Average Volume: 17,727 shs
Market Capitalization: $53.18 million

P/E Ratio: N/A
Dividend Yield: 4.55%
Price Target: $17.50

Western Asset Mortgage Capital MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 99.1% 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: 0.90
Based on 2 Articles This Week
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

232nd out of 846 stocks

Real Estate Investment Trusts Industry

39th out of 175 stocks

3.5

Analyst's Opinion

Consensus Rating
Western Asset Mortgage Capital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $17.50, Western Asset Mortgage Capital has a forecasted upside of 99.1% from its current price of $8.79.
Amount of Analyst Coverage
Western Asset Mortgage Capital has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.18% of the float of Western Asset Mortgage Capital has been sold short.
Short Interest Ratio / Days to Cover
Western Asset Mortgage Capital has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Western Asset Mortgage Capital has recently decreased by 55.51%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Western Asset Mortgage Capital is a leading dividend payer. It pays a dividend yield of 4.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Western Asset Mortgage Capital does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WMC.

3.8

News and Social Media Coverage

News Sentiment
Western Asset Mortgage Capital has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Western Asset Mortgage Capital this week, compared to 0 articles on an average week.
Search Interest
1 people have searched for WMC on MarketBeat in the last 30 days.
MarketBeat Follows
3 people have added Western Asset Mortgage Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Asset Mortgage Capital insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Western Asset Mortgage Capital is held by insiders.
Percentage Held by Institutions
Only 14.66% of the stock of Western Asset Mortgage Capital is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Western Asset Mortgage Capital is -4.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Asset Mortgage Capital is -4.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Western Asset Mortgage Capital has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

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 3, 2023 | DTI Trader (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 3, 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: 12/02/2023
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: $8.60 million
Price / Sales: 6.18
Cash Flow: $2.33 per share
Price / Cash Flow: 3.77
Book Value: $12.89 per share
Price / Book: 0.68

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 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 equities 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 equities 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 Wall Street analysts have issued 12 month price targets for Western Asset Mortgage Capital's stock. Their WMC share price targets range from $17.50 to $17.50. On average, they predict the company's share price to reach $17.50 in the next year. This suggests a possible upside of 99.1% 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 at the beginning of the year. Since then, WMC stock has decreased by 3.5% and is now trading at $8.79.
View the best growth stocks for 2023 here.
Are investors shorting Western Asset Mortgage Capital?: Western Asset Mortgage Capital saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 10,500 shares, a decline 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. Currently, 0.2% of the company's shares 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) released its quarterly earnings results on Thursday, August, 4th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Western Asset Mortgage Capital had a positive trailing twelve-month return on equity of 8.01% and a negative net margin of 7.10%. During the same period in the previous year, the firm 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. Stockholders 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 dividend yield of 4.55%. The ex-dividend date of this dividend 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 4.72%. 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's stock reverse split on 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 number of institutional and retail investors. Top institutional investors 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 12/3/2023 by MarketBeat.com Staff

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