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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Asset Mortgage Capital in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" WMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WMC, but not buy additional shares or sell existing shares.
View WMC analyst ratings or view top-rated stocks.

2 brokerages have issued 1 year price objectives for Western Asset Mortgage Capital's shares. Their WMC share price forecasts range from $17.50 to $20.00. On average, they expect the company's share price to reach $18.75 in the next twelve months. This suggests a possible upside of 64.6% from the stock's current price.
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Western Asset Mortgage Capital's stock was trading at $9.11 at the beginning of 2023. Since then, WMC shares have increased by 25.0% and is now trading at $11.39.
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Western Asset Mortgage Capital saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 77,900 shares, a drop of 21.7% from the December 31st total of 99,500 shares. Based on an average daily trading volume, of 40,100 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.3% of the shares of the company are sold short.
View Western Asset Mortgage Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our WMC earnings forecast.

Western Asset Mortgage Capital Co. (NYSE:WMC) announced its quarterly earnings results on Thursday, August, 4th. The financial services provider reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. Western Asset Mortgage Capital had a negative net margin of 65.42% and a positive trailing twelve-month return on equity of 4.10%. During the same period in the previous year, the business posted $0.50 EPS.

Western Asset Mortgage Capital declared a quarterly dividend on Wednesday, December 21st. Investors of record on Tuesday, January 3rd will be given a dividend of $0.40 per share on Thursday, January 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.05%. The ex-dividend date of this dividend is Friday, December 30th.
Read our dividend analysis for WMC.

Western Asset Mortgage Capital (NYSE:WMC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 13.90%. 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.

Shares of Western Asset Mortgage Capital reverse split on the morning of 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.

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."

Western Asset Mortgage Capital's stock is owned by a number of retail and institutional investors. Top institutional investors include International Assets Investment Management LLC (0.42%), International Assets Investment Management LLC (0.42%), Wolverine Asset Management LLC (0.38%), Bank of Montreal Can (0.26%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Bonnie M Wongtrakool, Elliott Neumayer, Greg E Handler, Harris Trifon, Jennifer Murphy, Lisa Meyer and Sean O Johnson.
View institutional ownership trends.

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.
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One share of WMC stock can currently be purchased for approximately $11.39.

Western Asset Mortgage Capital (NYSE:WMC) has a market capitalization of $68.77 million and generates $-73,722,000.00 in revenue each year. The financial services provider earns $-48,950,000.00 in net income (profit) each year or ($16.64) on an earnings per share basis.

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.