NYSE:WMC

Western Asset Mortgage Capital Stock Forecast, Price & News

$3.10
-0.07 (-2.21 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$3.10
$3.21
50-Day Range
$3.01
$4.14
52-Week Range
$1.88
$4.19
Volume340,031 shs
Average Volume632,601 shs
Market Capitalization$188.51 million
P/E Ratio3.07
Dividend Yield7.74%
Beta2.18
30 days | 90 days | 365 days | Advanced Chart
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About Western Asset Mortgage Capital

Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on acquiring, investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, asset-backed securities investments, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Western Asset Mortgage Capital Corporation was founded in 2009 and is based in Pasadena, California.

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Overall MarketRank

2.07 out of 5 stars

Analyst Opinion: 0.5Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
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Western Asset Mortgage Capital (NYSE:WMC) Frequently Asked Questions

Is Western Asset Mortgage Capital a buy right now?

1 Wall Street equities 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 for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" Western Asset Mortgage Capital stock.
View analyst ratings for Western Asset Mortgage Capital
or view top-rated stocks.

What stocks does MarketBeat like better than Western Asset Mortgage Capital?

Wall Street analysts have given Western Asset Mortgage Capital a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Western Asset Mortgage Capital wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,320,000 shares, a decline of 53.7% from the June 15th total of 2,850,000 shares. Based on an average daily volume of 919,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.2% of the company's shares are sold short.
View Western Asset Mortgage Capital's Short Interest
.

When is Western Asset Mortgage Capital's next earnings date?

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

How can I listen to Western Asset Mortgage Capital's earnings call?

Western Asset Mortgage Capital will be holding an earnings conference call on Wednesday, August 4th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10158309".

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

Western Asset Mortgage Capital Co. (NYSE:WMC) released its quarterly earnings data on Wednesday, May, 5th. The financial services provider reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. Western Asset Mortgage Capital had a net margin of 37.18% and a trailing twelve-month return on equity of 10.74%.
View Western Asset Mortgage Capital's earnings history
.

How has Western Asset Mortgage Capital's stock price been impacted by COVID-19 (Coronavirus)?

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 shares have decreased by 66.0% and is now trading at $3.10.
View which stocks have been most impacted by COVID-19
.

How often does Western Asset Mortgage Capital pay dividends? What is the dividend yield for Western Asset Mortgage Capital?

Western Asset Mortgage Capital declared a quarterly dividend on Wednesday, June 23rd. Investors of record on Friday, July 2nd will be given a dividend of $0.06 per share on Monday, July 26th. This represents a $0.24 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Thursday, July 1st.
View Western Asset Mortgage Capital's dividend history
.

Is Western Asset Mortgage Capital a good dividend stock?

Western Asset Mortgage Capital pays an annual dividend of $0.24 per share and currently has a dividend yield of 7.74%. 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 strong track record of dividend growth. The dividend payout ratio of Western Asset Mortgage Capital is 42.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Western Asset Mortgage Capital will have a dividend payout ratio of 72.73% next year. This indicates that Western Asset Mortgage Capital will be able to sustain or increase its dividend.
View Western Asset Mortgage Capital's dividend history.

What price target have analysts set for WMC?

1 brokerages have issued 12-month price targets 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 35.5%.
View analysts' price targets for Western Asset Mortgage Capital
or view top-rated stocks among Wall Street analysts.

Who are Western Asset Mortgage Capital's key executives?

Western Asset Mortgage Capital's management team includes the following people:
  • Mr. James William Hirschmann III, Chairman (Age 60)
  • Ms. Jennifer Williams Murphy C.F.A., CFA, Pres, CEO & Director (Age 56)
  • Ms. Lisa Meyer, CFO & Treasurer (Age 57, Pay $878.59k)
  • Mr. Elliott Neumayer, Chief Operating Officer (Age 40)
  • Mr. Sean O. Johnson, Interim Co-Chief Investment Officer (Age 54)
  • Mr. Greg E. Handler C.F.A., Interim Co-Chief Investment Officer
  • Mr. Larry A. Clark CFA, Investor Relations Contact
  • Mr. Charles Antony Ruys De Perez J.D., Sec. (Age 63)
  • Mr. James Joseph Flick, Director of Client Service & Marketing - Western Asset Management Company
  • Adam C. E. Wright, Assistant Sec.

Who are some of Western Asset Mortgage Capital's key competitors?

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 many different retail and institutional investors. Top institutional shareholders include Teamwork Financial Advisors LLC (0.36%) and Cutler Group LP (0.00%). Company insiders that own Western Asset Mortgage Capital stock include Harris Trifon, Jennifer Murphy, Lisa Meyer and Sean O Johnson.
View institutional ownership trends for Western Asset Mortgage Capital
.

Which major investors are buying Western Asset Mortgage Capital stock?

WMC stock was acquired by a variety of institutional investors in the last quarter, including Teamwork Financial Advisors LLC, and Cutler Group LP. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include Harris Trifon, Jennifer Murphy, and Sean O Johnson.
View insider buying and selling activity for Western Asset Mortgage Capital
or or view top insider-buying stocks.

How do I buy shares of 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 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 $3.10.

How much money does Western Asset Mortgage Capital make?

Western Asset Mortgage Capital has a market capitalization of $188.51 million and generates $178.03 million in revenue each year. The financial services provider earns $-328,350,000.00 in net income (profit) each year or $0.57 on an earnings per share basis.

What is Western Asset Mortgage Capital's official website?

The official website for Western Asset Mortgage Capital is www.westernassetmcc.com.

Where are Western Asset Mortgage Capital's headquarters?

Western Asset Mortgage Capital is headquartered at 385 East Colorado Boulevard, Pasadena CA, 91101.

How can I contact Western Asset Mortgage Capital?

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]


This page was last updated on 8/1/2021 by MarketBeat.com Staff
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