Western Asset Mortgage Capital Corp Company Profile (NYSE:WMC)

Western Asset Mortgage Capital Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMC."

Western Asset Mortgage Capital Corp announced a quarterly dividend on Thursday, March 23rd. Shareholders of record on Monday, April 3rd will be given a dividend of $0.31 per share on Wednesday, April 26th. This represents a $1.24 annualized dividend and a yield of 12.09%. The ex-dividend date is Thursday, March 30th. View Western Asset Mortgage Capital Corp's Dividend History.

Western Asset Mortgage Capital Corp (NYSE:WMC) posted its earnings results on Monday, March, 6th. The company reported $0.42 EPS for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.10. The firm earned $26.73 million during the quarter, compared to the consensus estimate of $22.08 million. Western Asset Mortgage Capital Corp had a negative net margin of 5.53% and a positive return on equity of 9.54%. The business's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. View Western Asset Mortgage Capital Corp's Earnings History.

Western Asset Mortgage Capital Corp is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Western Asset Mortgage Capital Corp.

4 equities research analysts have issued twelve-month price targets for Western Asset Mortgage Capital Corp's shares. Their predictions range from $10.00 to $11.00. On average, they expect Western Asset Mortgage Capital Corp's share price to reach $10.25 in the next twelve months. View Analyst Ratings for Western Asset Mortgage Capital Corp.

Here are some recent quotes from research analysts about Western Asset Mortgage Capital Corp stock:

• 1. According to Zacks Investment Research, "Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency or federally chartered corporation. Western Asset Mortgage Capital Corporation is headquartered in Pasadena, California. " (5/10/2017)
• 2. Wunderlich analysts commented, "We think a stable dividend can attract investor interest, particularly in a low interest rate environment. Stability in BVPS is harder to maintain, but lowering leverage lowers risk and WMC has done that," analyst Merrill Ross wrote in a note.Related Link: Bankrate: Mortgage Rates Slump On News Of Disappointing Economic GrowthWestern Asset has been rotating out of agency MBS into non-agency MBS and CMBS, in addition to whole loans. The analyst said this strategy could improve asset yields.Ross also raised the price target to $11 from $9.50."At our price target, the shares would trade to yield over 11 percent, which could be conservative, but we think the market will continue to discount the stability in the dividend for a while, given the recent track record of the company," (8/5/2016)

Some companies that are related to Western Asset Mortgage Capital Corp include Starwood Waypoint Residential Trust (SWAY), Gamco Investors (GBL), Meridian Bancorp (EBSB), InfraREIT (HIFR), OceanFirst Financial Corp. (OCFC), Stock Yards Bancorp (SYBT), Washington Trust Bancorp (WASH), United Financial Bancorp (UBNK), Opus Bank (OPB), MTGE Investment Corp (MTGE), National Bank Holdings Corp (NBHC), Meta Financial Group (CASH), Flushing Financial (FFIC), TriCo Bancshares (TCBK), MainSource Financial Group (MSFG), New Senior Investment Group (SNR), HomeStreet (HMST) and McGrath RentCorp (MGRC).

Western Asset Mortgage Capital Corp's management team includes the folowing people:

• James W. Hirschmann III, Chairman of the Board
• Gavin Lewis James, President
• Jennifer W. Murphyto, Chief Executive Officer
• Lisa Meyer, Chief Financial Officer
• Elliott Neumayer, Chief Operating Officer
• Anup Agarwal, Chief Investment Officer
• Steven M. Sherwyn, Treasurer
• M. Christian Mitchell, Lead Independent Director
• Edward D. Fox Jr., Independent Director
• Ranjit M. Kripalani, Independent Director

Western Asset Mortgage Capital Corp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.26%), UBS Group AG (2.52%), Renaissance Technologies LLC (1.39%), Thrivent Financial For Lutherans (0.86%), Geode Capital Management LLC (0.78%) and Schwab Charles Investment Management Inc. (0.73%). Company insiders that own Western Asset Mortgage Capital Corp stock include Elliott Neumayer, Jennifer Murphy and Lisa Meyer. View Institutional Ownership Trends for Western Asset Mortgage Capital Corp.

Western Asset Mortgage Capital Corp's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., Goldman Sachs Group Inc., Cambridge Investment Research Advisors Inc., TIAA CREF Investment Management LLC, Alliancebernstein L.P., Wellington Management Group LLP and Teachers Advisors LLC. View Insider Buying and Selling for Western Asset Mortgage Capital Corp.

Western Asset Mortgage Capital Corp's stock was purchased by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, UBS Group AG, Vanguard Group Inc., Ranger Global Real Estate Advisors LLC, Renaissance Technologies LLC, Prudential Financial Inc., Parametric Portfolio Associates LLC and California Public Employees Retirement System. Company insiders that have bought Western Asset Mortgage Capital Corp stock in the last two years include Elliott Neumayer, Jennifer Murphy and Lisa Meyer. View Insider Buying and Selling for Western Asset Mortgage Capital Corp.

Shares of Western Asset Mortgage Capital Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Western Asset Mortgage Capital Corp stock can currently be purchased for approximately $10.26.