Western Asset Mortgage Capital (WMC) Stock Forecast, Price & News

1 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "buy" WMC shares.
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1 equities research analysts have issued 1-year price targets for Western Asset Mortgage Capital's stock. Their WMC share price forecasts range from $17.50 to $17.50. On average, they expect the company's stock price to reach $17.50 in the next twelve months. This suggests a possible upside of 78.0% from the stock's current price.
View analysts price targets for WMC or view top-rated stocks among Wall Street analysts.

Western Asset Mortgage Capital's stock was trading at $9.11 at the beginning of 2023. Since then, WMC shares have increased by 7.9% and is now trading at $9.83.
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Western Asset Mortgage Capital saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 13,900 shares, an increase of 20.9% from the August 15th total of 11,500 shares. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company's shares are short sold.
View Western Asset Mortgage Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our WMC earnings forecast.

Western Asset Mortgage Capital Co. (NYSE:WMC) posted its quarterly earnings data on Thursday, August, 4th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Western Asset Mortgage Capital had a negative net margin of 26.07% and a positive trailing twelve-month return on equity of 8.17%. During the same period in the prior year, the firm posted $0.50 earnings per share.

Western Asset Mortgage Capital announced a quarterly dividend on Thursday, September 21st. Shareholders of record on Monday, October 2nd will be given a dividend of $0.35 per share on Thursday, October 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 14.24%. The ex-dividend date of this dividend is Friday, September 29th.
Read our dividend analysis for WMC.

Western Asset Mortgage Capital (NYSE:WMC) pays an annual dividend of $1.40 per share and currently has a dividend yield of 14.26%. 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.

Western Asset Mortgage Capital's stock reverse split before market open on 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.99%), Saltoro Capital LP (1.37%), Geode Capital Management LLC (1.09%), Renaissance Technologies LLC (1.03%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Bonnie M Wongtrakool, Elliott Neumayer, Greg E Handler, 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 $9.83.

Western Asset Mortgage Capital (NYSE:WMC) has a market capitalization of $59.37 million and generates $158.72 million in revenue each year. The financial services provider earns $-89,080,000.00 in net income (profit) each year or ($7.14) 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.