Western Asset Mortgage Capital (WMC) Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "buy" WMC shares.
View WMC analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1 year price objectives for Western Asset Mortgage Capital's shares. Their WMC share price forecasts range from $17.50 to $17.50. On average, they anticipate the company's share price to reach $17.50 in the next twelve months. This suggests a possible upside of 109.6% from the stock's current price.
View analysts price targets for WMC or view top-rated stocks among Wall Street analysts.

Western Asset Mortgage Capital's stock was trading at $9.11 on January 1st, 2023. Since then, WMC shares have decreased by 8.3% and is now trading at $8.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our WMC earnings forecast.

Western Asset Mortgage Capital Co. (NYSE:WMC) posted its quarterly earnings data on Thursday, August, 4th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Western Asset Mortgage Capital had a negative net margin of 34.56% and a positive trailing twelve-month return on equity of 8.45%. During the same period last year, the firm earned $0.50 earnings per share.

Western Asset Mortgage Capital declared a quarterly dividend on Wednesday, March 22nd. Stockholders of record on Monday, April 3rd will be given a dividend of $0.35 per share on Wednesday, April 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 16.77%. The ex-dividend date is Friday, March 31st.
Read our dividend analysis for WMC.

Western Asset Mortgage Capital (NYSE:WMC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 17.09%. 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.

Western Asset Mortgage Capital shares reverse split before market open 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.

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).

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

Western Asset Mortgage Capital's stock is owned by many different retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (1.24%), State Street Corp (0.40%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Bonnie M Wongtrakool, Elliott Neumayer, Greg E Handler, Harris Trifon, Jennifer Murphy, Lisa Meyer and Sean O Johnson.
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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.
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One share of WMC stock can currently be purchased for approximately $8.35.

Western Asset Mortgage Capital (NYSE:WMC) has a market capitalization of $50.43 million and generates $158.72 million in revenue each year. The financial services provider earns $-89,080,000.00 in net income (profit) each year or ($9.41) on an earnings per share basis.

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.