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Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
The single greatest medical breakthrough of all time? (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
The single greatest medical breakthrough of all time? (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Experts: NVIDIA Now "Too Big to Succeed" (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
The single greatest medical breakthrough of all time? (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
NYSE:WMC

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

$9.83
+0.01 (+0.10%)
(As of 09/25/2023 ET)
Compare
Today's Range
$9.83
$10.00
50-Day Range
$9.35
$10.82
52-Week Range
$7.00
$12.54
Volume
15,642 shs
Average Volume
30,193 shs
Market Capitalization
$59.37 million
P/E Ratio
N/A
Dividend Yield
14.24%
Price Target
$17.50

Western Asset Mortgage Capital MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
78.0% Upside
$17.50 Price Target
Short Interest
Healthy
0.24% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of Western Asset Mortgage Capital in the last 14 days
Based on 3 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.

2.19 out of 5 stars

Finance Sector

537th out of 837 stocks

Real Estate Investment Trusts Industry

112th out of 181 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. Western Asset Mortgage Capital Corporation was incorporated in 2009 and is based in Pasadena, California.

WMC Price History

WMC Stock News Headlines

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Q2 2023 Western Asset Mortgage Capital Corp Earnings Call
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WMC - Western Asset Mortgage Capital Corporation
See More Headlines
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WMC Company Calendar

Last Earnings
8/04/2022
Ex-Dividend for 7/26 Dividend
6/30/2023
Dividend Payable
7/26/2023
Today
9/25/2023
Ex-Dividend for 10/26 Dividend
9/29/2023
Dividend Payable
10/26/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
95790D10
Fax
N/A
Employees
1
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.50
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$17.50
Forecasted Upside/Downside
+78.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-89,080,000.00
Pretax Margin
-25.97%

Debt

Sales & Book Value

Annual Sales
$158.72 million
Cash Flow
$2.23 per share
Book Value
$15.70 per share

Miscellaneous

Free Float
5,941,000
Market Cap
$59.37 million
Optionable
Optionable
Beta
1.64
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Key Executives

  • Mr. James William Hirschmann III (Age 62)
    Chairman
  • Mr. Robert Lehman (Age 62)
    Chief Financial Officer
    Comp: $341.78k
  • Mr. Elliott NeumayerMr. 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)
    Sec.
  • Adam C. E. Wright
    Assistant Sec.













WMC Stock - Frequently Asked Questions

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

1 Wall Street 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 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 forecast for 2023?

1 equities research analysts have issued 1-year price targets for Western Asset Mortgage Capital's stock. Their WMC share price forecasts range from $17.50 to $17.50. On average, they expect the company's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 78.0% 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 2023. Since then, WMC shares have increased by 7.9% and is now trading at $9.83.
View the best growth stocks for 2023 here
.

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 13,900 shares, an increase of 20.9% from the August 15th total of 11,500 shares. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is presently 0.4 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, November 2nd 2023.
View our WMC earnings forecast
.

How were Western Asset Mortgage Capital's earnings last quarter?

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, topping analysts' consensus estimates of $0.40 by $0.04. Western Asset Mortgage Capital had a negative net margin of 26.07% and a positive trailing twelve-month return on equity of 8.17%. During the same period in the prior year, the firm posted $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 21st. Shareholders of record on Monday, October 2nd will be given a dividend of $0.35 per share on Thursday, October 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 14.24%. The ex-dividend date of this dividend is Friday, September 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 $1.40 per share and currently has a dividend yield of 14.26%. 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's stock 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.

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.99%), Saltoro Capital LP (1.37%), Geode Capital Management LLC (1.09%), Renaissance Technologies LLC (1.03%) and Citadel Advisors LLC (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.

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

One share of WMC stock can currently be purchased for approximately $9.83.

How much money does Western Asset Mortgage Capital make?

Western Asset Mortgage Capital (NYSE:WMC) has a market capitalization of $59.37 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 ($7.14) 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 9/26/2023 by MarketBeat.com Staff

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