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

Western Asset Mortgage Capital's stock was trading at $9.12 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WMC shares have decreased by 55.9% and is now trading at $4.02. View which stocks have been mosted 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Asset Mortgage Capital.

Western Asset Mortgage Capital is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Western Asset Mortgage Capital.

Western Asset Mortgage Capital Corp (NYSE:WMC) released its quarterly earnings results on Wednesday, March, 4th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The financial services provider earned $18.93 million during the quarter. Western Asset Mortgage Capital had a return on equity of 11.26% and a net margin of 32.54%. View Western Asset Mortgage Capital's earnings history.

Western Asset Mortgage Capital announced a quarterly dividend on Thursday, December 19th. Shareholders of record on Monday, December 30th will be given a dividend of $0.31 per share on Friday, January 24th. This represents a $1.24 dividend on an annualized basis and a yield of 30.85%. The ex-dividend date of this dividend is Friday, December 27th. View Western Asset Mortgage Capital's dividend history.

1 equities research analysts have issued 12-month price objectives for Western Asset Mortgage Capital's shares. Their forecasts range from $10.50 to $10.50. On average, they expect Western Asset Mortgage Capital's stock price to reach $10.50 in the next year. This suggests a possible upside of 161.2% from the stock's current price. View analysts' price targets for Western Asset Mortgage Capital.

Media stories about WMC stock have been trending extremely negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Western Asset Mortgage Capital earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutWestern Asset Mortgage Capital.

Western Asset Mortgage Capital saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,171,700 shares, a decrease of 19.0% from the February 27th total of 2,680,000 shares. Based on an average daily trading volume, of 522,400 shares, the days-to-cover ratio is currently 4.2 days. Approximately 4.1% of the shares of the company 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), PennyMac Mortgage Investment Trust (PMT), Two Harbors Investment (TWO), Colony Capital (CLNY), Invesco Mortgage Capital (IVR), MFA FINL INC/SH (MFA), Redwood Trust (RWT), NY MTG TR INC/SH (NYMT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO) and Ready Capital (RC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Asset Mortgage Capital investors own include New Residential Investment (NRZ), CBL & Associates Properties (CBL), CVR Refining (CVRR), NY MTG TR INC/SH (NYMT), Hi-Crush Partners (HCLP), DHT (DHT), SunCoke Energy Partners (SXCP), Two Harbors Investment (TWO), 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 many different institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (5.72%), UBS Group AG (2.80%), State Street Corp (2.75%), Prudential Financial Inc. (2.60%), Victory Capital Management Inc. (1.58%) and Victory Capital Management Inc. (1.56%). 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 Prudential Financial Inc., Renaissance Technologies LLC, UBS Group AG, Bank of America Corp DE, State of New Jersey Common Pension Fund D, Van ECK Associates Corp, Alliancebernstein L.P., and IndexIQ Advisors LLC. View insider buying and selling activity for Western Asset Mortgage Capital.

WMC stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., State Street Corp, Vestcor Investment Management Corp, Goldman Sachs Group Inc., Alphasimplex Group LLC, Nuveen Asset Management LLC, and Schonfeld Strategic Advisors 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 $4.02.

Western Asset Mortgage Capital has a market capitalization of $215.15 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.  View additional information about Western Asset Mortgage Capital.

The official website for Western Asset Mortgage Capital is http://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]