NYSE:WMCWestern Asset Mortgage Capital Stock Price, Forecast & News

Western Asset Mortgage Capital's stock was trading at $9.12 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WMC stock has decreased by 77.0% and is now trading at $2.10. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Asset Mortgage Capital in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Western Asset Mortgage Capital.

Western Asset Mortgage Capital is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Western Asset Mortgage Capital.

Western Asset Mortgage Capital Corp (NYSE:WMC) posted its earnings results on Wednesday, May, 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.17. The financial services provider earned $18.74 million during the quarter. Western Asset Mortgage Capital had a negative net margin of 154.05% and a positive return on equity of 13.11%. View Western Asset Mortgage Capital's earnings history.

Western Asset Mortgage Capital declared a quarterly dividend on Thursday, December 19th. Investors of record on Monday, December 30th will be paid a dividend of $0.31 per share on Friday, January 24th. This represents a $1.24 annualized dividend and a yield of 59.05%. The ex-dividend date of this dividend is Friday, December 27th. View Western Asset Mortgage Capital's dividend history.

1 Wall Street analysts have issued 1-year price targets for Western Asset Mortgage Capital's stock. Their forecasts range from $2.50 to $2.50. On average, they anticipate Western Asset Mortgage Capital's share price to reach $2.50 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. View analysts' price targets for Western Asset Mortgage Capital.

News articles about WMC stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Western Asset Mortgage Capital earned a coverage optimism score of 1.8 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the near term. View the latest news aboutWestern Asset Mortgage Capital.

Western Asset Mortgage Capital saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,370,000 shares, an increase of 6.8% from the April 30th total of 5,030,000 shares. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 11.4% of the company's stock are sold short. View Western Asset Mortgage Capital's Current Options Chain.

Some companies that are related to Western Asset Mortgage Capital include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), CHIMERA INVT CO/SH NEW (CIM), Apollo Commercial Real Est. Finance (ARI), Two Harbors Investment (TWO), PennyMac Mortgage Investment Trust (PMT), Colony Capital (CLNY), NY MTG TR INC/SH (NYMT), MFA FINL INC/SH (MFA), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO), Invesco Mortgage Capital (IVR) and Ready Capital (RC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Asset Mortgage Capital investors own include New Residential Investment (NRZ), NY MTG TR INC/SH (NYMT), CBL & Associates Properties (CBL), CVR Refining (CVRR), Hi-Crush Partners (HCLP), DHT (DHT), Two Harbors Investment (TWO), SunCoke Energy Partners (SXCP), SEASPAN CORP/SH SH (SSW) and Orchid Island Capital (ORC).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (9.70%), State Street Corp (2.83%), Victory Capital Management Inc. (2.46%), Victory Capital Management Inc. (2.46%), Invesco Ltd. (2.12%) and Geode Capital Management LLC (1.39%). Company insiders that own Western Asset Mortgage Capital stock include Dennis Joseph Mcnamara, Harris Trifon, Jennifer Murphy, Lisa Meyer and Sean O Johnson. View institutional ownership trends for Western Asset Mortgage Capital.

WMC stock was sold by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, Nuveen Asset Management LLC, BlackRock Inc., SG Americas Securities LLC, Invesco Ltd., Parametric Portfolio Associates LLC, New York State Common Retirement Fund, and Systematic Financial Management LP. View insider buying and selling activity for Western Asset Mortgage Capital.

WMC stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Acadian Asset Management LLC, Two Sigma Advisers LP, JPMorgan Chase & Co., Two Sigma Investments LP, WINTON GROUP Ltd, and Jane Street Group LLC. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include Dennis Joseph Mcnamara, Harris Trifon, Jennifer Murphy, Lisa Meyer, and Sean O Johnson. View insider buying and selling activity for Western Asset Mortgage Capital.

Shares of WMC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WMC stock can currently be purchased for approximately $2.10.

Western Asset Mortgage Capital has a market capitalization of $112.19 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]