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

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.
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2 brokerages have issued 12-month price objectives for Western Asset Mortgage Capital's stock. Their WMC share price forecasts range from $17.50 to $20.00. On average, they predict the company's stock price to reach $18.75 in the next twelve months. This suggests a possible upside of 72.8% from the stock's current price.
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Western Asset Mortgage Capital's stock was trading at $9.11 on January 1st, 2023. Since then, WMC stock has increased by 19.1% and is now trading at $10.85.
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Western Asset Mortgage Capital saw a decline in short interest in January. As of January 15th, there was short interest totaling 77,900 shares, a decline of 21.7% from the December 31st total of 99,500 shares. Based on an average daily volume of 40,100 shares, the short-interest ratio is presently 1.9 days. Currently, 1.3% of the shares of the company are short sold.
View Western Asset Mortgage Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our WMC earnings forecast.

Western Asset Mortgage Capital Co. (NYSE:WMC) released 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 positive trailing twelve-month return on equity of 4.10% and a negative net margin of 65.42%. During the same quarter in the previous year, the company earned $0.50 earnings per share.

Western Asset Mortgage Capital announced a quarterly dividend on Wednesday, December 21st. Investors of record on Tuesday, January 3rd will be given a dividend of $0.40 per share on Thursday, January 26th. This represents a $1.60 annualized dividend and a dividend yield of 14.75%. The ex-dividend date is Friday, December 30th.
Read our dividend analysis for WMC.

Western Asset Mortgage Capital (NYSE:WMC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 14.88%. 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's stock 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.

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 a variety of institutional and retail investors. Top institutional shareholders include International Assets Investment Management LLC (0.42%). 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.

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 $10.85.

Western Asset Mortgage Capital (NYSE:WMC) has a market capitalization of $65.51 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 ($16.64) 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.