Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2009 and is based in Pasadena, California.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Phone626-844-9400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$209.36 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/6/2019 (Estimated)
OptionableOptionable
Western Asset Mortgage Capital (NYSE:WMC) Frequently Asked Questions
What is Western Asset Mortgage Capital's stock symbol?
Western Asset Mortgage Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMC."
How often does Western Asset Mortgage Capital pay dividends? What is the dividend yield for Western Asset Mortgage Capital?
Western Asset Mortgage Capital declared a quarterly dividend on Friday, March 22nd. Shareholders of record on Monday, April 1st will be paid a dividend of $0.31 per share on Friday, April 26th. This represents a $1.24 dividend on an annualized basis and a yield of 11.85%. The ex-dividend date is Friday, March 29th. View Western Asset Mortgage Capital's Dividend History.
How will Western Asset Mortgage Capital's stock buyback program work?
Western Asset Mortgage Capital announced that its board has initiated a stock buyback program on Friday, December 22nd 2017, which permits the company to buyback 2,100,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.
How were Western Asset Mortgage Capital's earnings last quarter?
Western Asset Mortgage Capital Corp (NYSE:WMC) released its quarterly earnings data on Wednesday, November, 7th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The financial services provider earned $15.94 million during the quarter, compared to the consensus estimate of $19.20 million. Western Asset Mortgage Capital had a return on equity of 11.97% and a net margin of 11.98%. The business's revenue was down 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 earnings per share. View Western Asset Mortgage Capital's Earnings History.
When is Western Asset Mortgage Capital's next earnings date?
What price target have analysts set for WMC?
1 brokerages have issued 1 year price objectives for Western Asset Mortgage Capital's stock. Their forecasts range from $10.50 to $10.50. On average, they expect Western Asset Mortgage Capital's stock price to reach $10.50 in the next year. This suggests a possible upside of 0.4% from the stock's current price. View Analyst Price Targets for Western Asset Mortgage Capital.
What is the consensus analysts' recommendation for Western Asset Mortgage Capital?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Asset Mortgage Capital in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Western Asset Mortgage Capital.
Has Western Asset Mortgage Capital been receiving favorable news coverage?
Media stories about WMC stock have been trending somewhat negative this week, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Western Asset Mortgage Capital earned a media sentiment score of -1.1 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near future.
Who are some of Western Asset Mortgage Capital's key competitors?
Some companies that are related to Western Asset Mortgage Capital include Ladder Capital (LADR), Colony Credit Real Estate (CLNC), Four Corners Property Trust (FCPT), Mack Cali Realty (CLI), Retail Opportunity Investments (ROIC), Tanger Factory Outlet Centers (SKT), Alexander's (ALX), Uniti Group (UNIT), LTC Properties (LTC), Chesapeake Lodging Trust (CHSP), Alexander & Baldwin (ALEX), CYRELA BRAZIL R/S (CYRBY), Hannon Armstrong Sustnbl Infrstr Cap (HASI), National Storage Affiliates Trust (NSA) and Global Net Lease (GNL).
What other stocks do shareholders of Western Asset Mortgage Capital own?
Who are Western Asset Mortgage Capital's key executives?
Western Asset Mortgage Capital's management team includes the folowing people:
- Mr. James William Hirschmann III, Chairman (Age 58)
- Ms. Jennifer Williams Murphy CFA, Pres, CEO & Director (Age 54)
- Ms. Lisa Meyer, CFO & Treasurer (Age 55)
- Mr. Elliott Neumayer, Chief Operating Officer (Age 38)
- Mr. Dennis Joseph McNamara, Interim Co-Chief Investment Officer
Who are Western Asset Mortgage Capital's major shareholders?
Western Asset Mortgage Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.00%), Prudential Financial Inc. (3.17%), Northern Trust Corp (1.20%), Geode Capital Management LLC (1.02%), Geode Capital Management LLC (1.02%) and LSV Asset Management (0.61%). Company insiders that own Western Asset Mortgage Capital stock include Dennis Joseph Mcnamara, Jennifer Murphy and Lisa Meyer. View Institutional Ownership Trends for Western Asset Mortgage Capital.
Which major investors are selling Western Asset Mortgage Capital stock?
WMC stock was sold by a variety of institutional investors in the last quarter, including Creative Planning, Van ECK Associates Corp, MetLife Investment Advisors LLC, Barclays PLC, Millennium Management LLC, Bank of America Corp DE, Chicago Equity Partners LLC and ClariVest Asset Management LLC. View Insider Buying and Selling for Western Asset Mortgage Capital.
Which major investors are buying Western Asset Mortgage Capital stock?
WMC stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Prudential Financial Inc., Northern Trust Corp, Geode Capital Management LLC, Geode Capital Management LLC, LSV Asset Management, SG Americas Securities LLC and Principal Financial Group Inc.. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include Dennis Joseph Mcnamara, Jennifer Murphy and Lisa Meyer. View Insider Buying and Selling for Western Asset Mortgage Capital.
How do I buy shares of Western Asset Mortgage Capital?
Shares of WMC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Western Asset Mortgage Capital's stock price today?
One share of WMC stock can currently be purchased for approximately $10.46.
How big of a company is Western Asset Mortgage Capital?
Western Asset Mortgage Capital has a market capitalization of $503.34 million and generates $209.36 million in revenue each year. The financial services provider earns $26.41 million in net income (profit) each year or $1.36 on an earnings per share basis.
What is Western Asset Mortgage Capital's official website?
How can I contact Western Asset Mortgage Capital?
Western Asset Mortgage Capital's mailing address is 385 East Colorado Boulevard, Pasadena CA, 91101. The financial services provider can be reached via phone at 626-844-9400 or via email at [email protected]
MarketBeat Community Rating for Western Asset Mortgage Capital (NYSE WMC)
MarketBeat's community ratings are surveys of what our community members think about Western Asset Mortgage Capital and other stocks. Vote "Outperform" if you believe WMC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WMC will underperform the S&P 500 over the long term. You may vote once every thirty days.
