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

2 Wall Street 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 and 1 buy rating for the stock. The consensus among Wall Street research 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 twelve-month target prices for Western Asset Mortgage Capital's stock. Their WMC share price forecasts range from $20.00 to $20.00. On average, they expect the company's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 66.4% 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 $21.10 at the beginning of the year. Since then, WMC shares have decreased by 43.0% and is now trading at $12.02.
View the best growth stocks for 2022 here.

Western Asset Mortgage Capital saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 57,900 shares, a drop of 22.6% from the August 15th total of 74,800 shares. Based on an average daily trading volume, of 34,500 shares, the short-interest ratio is presently 1.7 days. Currently, 1.0% of the shares of the stock are sold short.
View Western Asset Mortgage Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our WMC earnings forecast.

Western Asset Mortgage Capital Co. (NYSE:WMC) released its quarterly earnings results on Thursday, August, 4th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Western Asset Mortgage Capital had a negative net margin of 42.42% and a positive trailing twelve-month return on equity of 4.37%. During the same period in the prior year, the business earned $0.50 earnings per share.

Western Asset Mortgage Capital announced a quarterly dividend on Thursday, September 22nd. Investors of record on Monday, October 3rd will be given a dividend of $0.40 per share on Wednesday, October 26th. This represents a $1.60 dividend on an annualized basis and a yield of 13.31%. The ex-dividend date is Friday, September 30th. This is a boost from the stock's previous quarterly dividend of $0.04.
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 13.26%. 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 shares reverse split 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 number of retail and institutional investors. Top institutional shareholders include Beach Point Capital Management LP (69.03%), Centiva Capital LP (9.60%), Centiva Capital LP (9.60%), Millennium Management LLC (8.94%), Victory Capital Management Inc. (5.29%) and Renaissance Technologies LLC (3.66%). 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.
Compare Top Brokerages Here.

One share of WMC stock can currently be purchased for approximately $12.02.

Western Asset Mortgage Capital (NYSE:WMC) has a market capitalization of $72.60 million and generates $164.07 million in revenue each year. The financial services provider earns $-48,950,000.00 in net income (profit) each year or ($10.71) 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.