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Western Asset Mortgage Capital Corp (NYSE:WMC) declared a quarterly dividend on Thursday, June 19th, Stock Ratings News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.67 per share on Tuesday, July 29th. This represents a $2.68 dividend on an annualized basis and a yield of 18.46%. The ex-dividend date of this dividend is Thursday, June 26th.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Western Asset Mortgage Capital Corp from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $13.10 price target on the stock. On a related note, analysts at Jefferies Group cut their price target on shares of Western Asset Mortgage Capital Corp from $16.00 to $14.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Western Asset Mortgage Capital Corp in a research note on Wednesday, April 16th. They now have a $13.50 price target on the stock. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.87.

Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) traded up 0.14% during mid-day trading on Thursday, hitting $14.52. 519,231 shares of the company’s stock traded hands. Western Asset Mortgage Capital Corp has a one year low of $13.50 and a one year high of $18.97. The stock’s 50-day moving average is $14.25 and its 200-day moving average is $15.20. The company’s market cap is $605.7 million.

Western Asset Mortgage Capital Corp (NYSE:WMC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.36. The company had revenue of $20.00 million for the quarter, compared to the consensus estimate of $789.30 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was down 30.1% on a year-over-year basis. On average, analysts predict that Western Asset Mortgage Capital Corp will post $2.38 earnings per share for the current fiscal year.

In other Western Asset Mortgage Capital Corp news, CIO Anup Agarwal purchased 11,000 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $14.43 per share, for a total transaction of $158,730.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities (NYSE:WMC), which are not issued or guaranteed by a United States Government agency or federally chartered corporation, or non-Agency RMBS.

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