Share on StockTwits

Shares of Western Asset Mortgage Capital Corp (NYSE:WMC) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, American Banking News reports. Seven analysts have rated the stock with a hold rating, The average twelve-month target price among analysts that have covered the stock in the last year is $15.01.

Western Asset Mortgage Capital Corp (NYSE:WMC) opened at 13.67 on Thursday. Western Asset Mortgage Capital Corp has a 52 week low of $13.50 and a 52 week high of $17.77. The stock has a 50-day moving average of $14.31 and a 200-day moving average of $14.9. The company’s market cap is $570.3 million.

Western Asset Mortgage Capital Corp (NYSE:WMC) last announced its earnings results 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.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 29th. Stockholders of record on Monday, June 30th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 19.60%. The ex-dividend date of this dividend is Thursday, June 26th.

A number of analysts have recently weighed in on WMC shares. Analysts at Zacks upgraded shares of Western Asset Mortgage Capital Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 9th. They now have a $14.10 price target on the stock. Finally, 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.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.