Western Asset Mortgage Capital Stock Forecast, Price & News

Western Asset Mortgage Capital's stock was trading at $9.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WMC shares have decreased by 67.3% and is now trading at $2.98.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Asset Mortgage Capital in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" Western Asset Mortgage Capital stock.
View analyst ratings for Western Asset Mortgage Capital or view MarketBeat's top 5 stock picks.

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Western Asset Mortgage Capital is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for Western Asset Mortgage Capital.

Western Asset Mortgage Capital Co. (NYSE:WMC) announced its quarterly earnings results on Thursday, November, 5th. The financial services provider reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Western Asset Mortgage Capital had a negative net margin of 184.72% and a positive trailing twelve-month return on equity of 13.70%.
View Western Asset Mortgage Capital's earnings history.

Western Asset Mortgage Capital declared a quarterly dividend on Friday, December 18th. Shareholders of record on Friday, December 25th will be given a dividend of $0.06 per share on Tuesday, January 26th. This represents a $0.24 annualized dividend and a yield of 8.05%. The ex-dividend date is Thursday, December 24th. This is an increase from Western Asset Mortgage Capital's previous quarterly dividend of $0.05.
View Western Asset Mortgage Capital's dividend history.

Western Asset Mortgage Capital pays an annual dividend of $0.24 per share and currently has a dividend yield of 8.11%. WMC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Western Asset Mortgage Capital does not yet have a strock track record of dividend growth. The dividend payout ratio of Western Asset Mortgage Capital is 19.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Western Asset Mortgage Capital will have a dividend payout ratio of 114.29% in the coming year. This indicates that Western Asset Mortgage Capital may not be able to sustain their current dividend.
View Western Asset Mortgage Capital's dividend history.

1 Wall Street analysts have issued 1 year price objectives for Western Asset Mortgage Capital's shares. Their forecasts range from $2.00 to $2.00. On average, they expect Western Asset Mortgage Capital's stock price to reach $2.00 in the next twelve months. This suggests that the stock has a possible downside of 32.9%.
View analysts' price targets for Western Asset Mortgage Capital or view Wall Street analyst' top-rated stocks.

Some companies that are related to Western Asset Mortgage Capital include Annaly Capital Management (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), Chimera Investment (CIM), Colony Capital (CLNY), Two Harbors Investment (TWO), PennyMac Mortgage Investment Trust (PMT), MFA Financial (MFA), Apollo Commercial Real Estate Finance (ARI), New York Mortgage Trust (NYMT), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), Ready Capital (RC), Invesco Mortgage Capital (IVR) and Capstead Mortgage (CMO).
View all of WMC's competitors.

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."

Shares of WMC 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.

One share of WMC stock can currently be purchased for approximately $2.98.

Western Asset Mortgage Capital has a market capitalization of $181.22 million and generates $217.26 million in revenue each year. The financial services provider earns $70.70 million in net income (profit) each year or $1.21 on an earnings per share basis.

The official website for Western Asset Mortgage Capital is 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]