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

$11.91
+0.26 (+2.23%)
(As of 09/28/2022 11:36 AM ET)
Add
Compare
Today's Range
$11.91
$12.02
50-Day Range
$11.65
$15.55
52-Week Range
$11.00
$26.50
Volume
172 shs
Average Volume
19,568 shs
Market Capitalization
$71.94 million
P/E Ratio
N/A
Dividend Yield
13.26%
Price Target
$20.00

Western Asset Mortgage Capital MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
66.4% Upside
$20.00 Price Target
Short Interest
Healthy
0.60% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.75mentions of Western Asset Mortgage Capital in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
80.26%
From $1.52 to $2.74 Per Share

Overall MarketRank

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

2.74 out of 5 stars

Finance Sector

282nd out of 898 stocks

Real Estate Investment Trusts Industry

66th out of 194 stocks

WMC stock logo

About Western Asset Mortgage Capital (NYSE:WMC) Stock

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. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Western Asset Mortgage Capital Corporation was incorporated in 2009 and is based in Salt Lake City, Utah.

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WMC Stock News Headlines

WMC Western Asset Mortgage Capital Corporation
Earnings Outlook For Western Asset Mortgage
See More Headlines
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WMC Company Calendar

Ex-Dividend for 7/25 Dividend
6/30/2022
Dividend Payable
7/25/2022
Last Earnings
8/04/2022
Today
9/28/2022
Ex-Dividend for 10/26 Dividend
9/30/2022
Dividend Payable
10/26/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
95790D10
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.00
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+67.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-48,950,000.00
Pretax Margin
-41.01%

Debt

Sales & Book Value

Annual Sales
$164.07 million
Cash Flow
$3.51 per share
Book Value
$33.57 per share

Miscellaneous

Free Float
5,988,000
Market Cap
$71.94 million
Optionable
Optionable
Beta
1.73

Key Executives

  • Mr. James William Hirschmann III (Age 61)
    Chairman
  • Ms. Bonnie  Wongtrakool C.F.A.Ms. Bonnie Wongtrakool C.F.A. (Age 48)
    CEO & Director
  • Mr. Elliott  NeumayerMr. Elliott Neumayer (Age 41)
    Chief Operating Officer
  • Mr. Sean O. Johnson C.F.A. (Age 55)
    Deputy Chief Investment Officer
  • Mr. Robert Lehman (Age 61)
    Chief Financial Officer
  • Mr. Greg Handler C.F.A. (Age 41)
    Chief Investment Officer
  • Mr. Larry Clark CFA
    Investor Relations Contact
  • Mr. Charles Antony Ruys de Perez J.D. (Age 64)
    Sec.
  • Mr. James Joseph Flick
    Director of Client Service & Marketing - Western Asset Management Company
  • Adam C. E. Wright
    Assistant Sec.













WMC Stock - Frequently Asked Questions

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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Asset Mortgage Capital in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WMC, but not buy additional shares or sell existing shares.
View WMC analyst ratings
or view top-rated stocks.

What is Western Asset Mortgage Capital's stock price forecast for 2022?

2 brokerages have issued twelve-month target prices for Western Asset Mortgage Capital's stock. Their WMC share price forecasts range from $20.00 to $20.00. On average, they expect the company's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 66.4% 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 2022?

Western Asset Mortgage Capital's stock was trading at $21.10 at the beginning of the year. Since then, WMC shares have decreased by 43.0% and is now trading at $12.02.
View the best growth stocks for 2022 here
.

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 57,900 shares, a drop of 22.6% from the August 15th total of 74,800 shares. Based on an average daily trading volume, of 34,500 shares, the short-interest ratio is presently 1.7 days. Currently, 1.0% of the shares of the stock are sold short.
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, November 3rd 2022.
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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Western Asset Mortgage Capital had a negative net margin of 42.42% and a positive trailing twelve-month return on equity of 4.37%. During the same period in the prior year, the business earned $0.50 earnings per share.

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

Western Asset Mortgage Capital announced a quarterly dividend on Thursday, September 22nd. Investors of record on Monday, October 3rd will be given a dividend of $0.40 per share on Wednesday, October 26th. This represents a $1.60 dividend on an annualized basis and a yield of 13.31%. The ex-dividend date is Friday, September 30th. This is a boost from the stock's previous quarterly dividend of $0.04.
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 $1.60 per share and currently has a dividend yield of 13.26%. 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 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 closing bell 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).

What is Western Asset Mortgage Capital's stock symbol?

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

Who are Western Asset Mortgage Capital's major shareholders?

Western Asset Mortgage Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Beach Point Capital Management LP (69.03%), Centiva Capital LP (9.60%), Centiva Capital LP (9.60%), Millennium Management LLC (8.94%), Victory Capital Management Inc. (5.29%) and Renaissance Technologies LLC (3.66%). Insiders that own company stock include Bonnie M Wongtrakool, Elliott Neumayer, Greg E Handler, Harris Trifon, Jennifer Murphy, 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.

What is Western Asset Mortgage Capital's stock price today?

One share of WMC stock can currently be purchased for approximately $12.02.

How much money does Western Asset Mortgage Capital make?

Western Asset Mortgage Capital (NYSE:WMC) has a market capitalization of $72.60 million and generates $164.07 million in revenue each year. The financial services provider earns $-48,950,000.00 in net income (profit) each year or ($10.71) on an earnings per share basis.

How can I contact Western Asset Mortgage Capital?

Western Asset Mortgage Capital's mailing address is 385 East Colorado Boulevard, Pasadena CA, 91101. The official website for the company is www.westernassetmcc.com. The financial services provider can be reached via phone at (626) 844-9400 or via email at lclark@finprofiles.com.

This page (NYSE:WMC) was last updated on 9/28/2022 by MarketBeat.com Staff

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