NYSE:WMC - Western Asset Mortgage Capital Stock Price, Forecast & News

Western Asset Mortgage Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMC."

Western Asset Mortgage Capital announced a quarterly dividend on Thursday, September 19th. Stockholders of record on Monday, September 30th will be given a dividend of $0.31 per share on Friday, October 25th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.83%. The ex-dividend date is Friday, September 27th. View Western Asset Mortgage Capital's Dividend History.

Western Asset Mortgage Capital announced that its Board of Directors has authorized a stock repurchase program on Friday, December 22nd 2017, which allows the company to repurchase 2,100,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Western Asset Mortgage Capital Corp (NYSE:WMC) announced its earnings results on Tuesday, November, 5th. The financial services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.31 by $0.03. The financial services provider earned $16.57 million during the quarter, compared to analysts' expectations of $20.95 million. Western Asset Mortgage Capital had a return on equity of 11.66% and a net margin of 18.47%. During the same quarter last year, the business posted $0.33 earnings per share. View Western Asset Mortgage Capital's Earnings History.

Western Asset Mortgage Capital is scheduled to release their next quarterly earnings announcement on Tuesday, March 3rd 2020. View Earnings Estimates for Western Asset Mortgage Capital.

2 brokerages have issued 1 year price objectives for Western Asset Mortgage Capital's stock. Their forecasts range from $10.50 to $10.50. On average, they expect Western Asset Mortgage Capital's stock price to reach $10.50 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price. View Analyst Price Targets for Western Asset Mortgage Capital.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Asset Mortgage Capital in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Western Asset Mortgage Capital.

News coverage about WMC stock has trended somewhat positive this week, according to InfoTrie. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Western Asset Mortgage Capital earned a daily sentiment score of 1.9 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Western Asset Mortgage Capital.

Western Asset Mortgage Capital saw a decline in short interest in November. As of November 15th, there was short interest totalling 1,290,000 shares, a decline of 6.5% from the October 31st total of 1,380,000 shares. Based on an average daily trading volume, of 345,500 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.4% of the company's stock are short sold. View Western Asset Mortgage Capital's Current Options Chain.

Some companies that are related to Western Asset Mortgage Capital include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), Two Harbors Investment (TWO), CHIMERA INVT CO/SH NEW (CIM), MFA FINL INC/SH (MFA), Apollo Commercial Real Est. Finance (ARI), Invesco Mortgage Capital (IVR), Colony Capital (CLNY), PennyMac Mortgage Investment Trust (PMT), Redwood Trust (RWT), NY MTG TR INC/SH (NYMT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO) and Ready Capital (RC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Asset Mortgage Capital investors own include CVR Refining (CVRR), New Residential Investment (NRZ), CBL & Associates Properties (CBL), NY MTG TR INC/SH (NYMT), Hi-Crush Partners (HCLP), DHT (DHT), SunCoke Energy Partners (SXCP), Two Harbors Investment (TWO), SEASPAN CORP/SH SH (SSW) and Oxford Lane Capital (OXLC).

Western Asset Mortgage Capital's stock is owned by many different of retail and institutional investors. Top institutional investors include State Street Corp (2.38%), State of New Jersey Common Pension Fund D (0.43%), Millennium Management LLC (0.36%), California State Teachers Retirement System (0.15%), Rhumbline Advisers (0.14%) and SG Americas Securities LLC (0.14%). Company insiders that own Western Asset Mortgage Capital stock include Dennis Joseph Mcnamara, Harris Trifon, Jennifer Murphy and Lisa Meyer. View Institutional Ownership Trends for Western Asset Mortgage Capital.

WMC stock was sold by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, Chicago Equity Partners LLC, Nisa Investment Advisors LLC, Metropolitan Life Insurance Co NY, Zebra Capital Management LLC and Virginia Retirement Systems ET AL. View Insider Buying and Selling for Western Asset Mortgage Capital.

WMC stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Millennium Management LLC, Voloridge Investment Management LLC, CAPROCK Group Inc., Rhumbline Advisers, California State Teachers Retirement System, Russell Investments Group Ltd. and California Public Employees Retirement System. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include Dennis Joseph Mcnamara, Harris Trifon, Jennifer Murphy and Lisa Meyer. View Insider Buying and Selling for Western Asset Mortgage Capital.

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

One share of WMC stock can currently be purchased for approximately $10.48.

Western Asset Mortgage Capital has a market capitalization of $557.75 million and generates $209.36 million in revenue each year. The financial services provider earns $26.41 million in net income (profit) each year or $1.36 on an earnings per share basis. View Additional Information About Western Asset Mortgage Capital.

The official website for Western Asset Mortgage Capital is http://www.westernassetmcc.com/.

Western Asset Mortgage Capital's mailing address is 385 East Colorado Boulevard, Pasadena CA, 91101. The financial services provider can be reached via phone at 626-844-9400 or via email at [email protected]