About Western Asset Mortgage Capital Corporation (NYSE:WMC)
Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company's portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans. The Company may utilize to-be-announced forward contracts (TBAs), in order to invest in Agency RMBS. The Company's manager is Western Asset Management Company.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Mortgage REITs
- Sub-Industry: Mortgage REITs
- Symbol: NYSE:WMC
- CUSIP: 95790D10
- Web: www.westernassetmcc.com
- Market Cap: $445.19 million
- Outstanding Shares: 41,919,000
- 50 Day Moving Avg: $10.56
- 200 Day Moving Avg: $10.38
- 52 Week Range: $9.43 - $11.18
Sales & Book Value:
- Trailing P/E Ratio: 12.94
- Foreward P/E Ratio: 7.27
- P/E Growth: 1.74
- Annual Revenue: $59.85 million
- Price / Sales: 7.44
- Book Value: $10.64 per share
- Price / Book: 1.00
- Annual Dividend: $1.24
- Dividend Yield: 11.7%
- Net Margins: 27.34%
- Return on Equity: 5.97%
- Return on Assets: 0.83%
- Debt-to-Equity Ratio: 6.31%
- Current Ratio: 199.29%
- Quick Ratio: 199.29%
- Average Volume: 265,043 shs.
- Beta: 0.71
- Short Ratio: 4.86
Frequently Asked Questions for Western Asset Mortgage Capital Corporation (NYSE:WMC)
What is Western Asset Mortgage Capital Corporation's stock symbol?
Western Asset Mortgage Capital Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMC."
How often does Western Asset Mortgage Capital Corporation pay dividends? What is the dividend yield for Western Asset Mortgage Capital Corporation?
Western Asset Mortgage Capital Corporation declared a quarterly dividend on Thursday, September 21st. Investors of record on Monday, October 2nd will be given a dividend of $0.31 per share on Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date is Friday, September 29th. View Western Asset Mortgage Capital Corporation's Dividend History.
How were Western Asset Mortgage Capital Corporation's earnings last quarter?
Western Asset Mortgage Capital Corporation (NYSE:WMC) issued its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The firm had revenue of $21.47 million for the quarter, compared to the consensus estimate of $6.12 million. Western Asset Mortgage Capital Corporation had a net margin of 27.34% and a return on equity of 5.97%. During the same quarter in the previous year, the company posted $0.54 EPS. View Western Asset Mortgage Capital Corporation's Earnings History.
When will Western Asset Mortgage Capital Corporation make its next earnings announcement?
Where is Western Asset Mortgage Capital Corporation's stock going? Where will Western Asset Mortgage Capital Corporation's stock price be in 2017?
Who are some of Western Asset Mortgage Capital Corporation's key competitors?
Some companies that are related to Western Asset Mortgage Capital Corporation include iStar Financial (STAR), Granite Point Mortgage Trust (GPMT), New York Mortgage Trust (NYMT), AG Mortgage Investment Trust (MITT), Orchid Island Capital (ORC), Ares Commercial Real Estate Corporation (ACRE), Dynex Capital (DX), Great Ajax Corp. (AJX), Cherry Hill Mortgage Investment Corporation (CHMI), Ellington Residential Mortgage REIT (EARN), Five Oaks Investment Corp. (OAKS), Manhattan Bridge Capital (LOAN), Apollo Residential Mortgage (AMTG) and Hatteras Financial Corp. (HTS).
Who are Western Asset Mortgage Capital Corporation's key executives?
Western Asset Mortgage Capital Corporation'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
How do I buy Western Asset Mortgage Capital Corporation stock?
Shares of Western Asset Mortgage Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Western Asset Mortgage Capital Corporation's stock price today?
MarketBeat Community Rating for Western Asset Mortgage Capital Corporation (NYSE WMC)MarketBeat's community ratings are surveys of what our community members think about Western Asset Mortgage Capital Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Western Asset Mortgage Capital Corporation stock can currently be purchased for approximately $10.62.
Consensus Ratings for Western Asset Mortgage Capital Corporation (NYSE:WMC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$10.00 (5.84% downside)|Consensus Price Target History for Western Asset Mortgage Capital Corporation (NYSE:WMC)
Analysts' Ratings History for Western Asset Mortgage Capital Corporation (NYSE:WMC)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/25/2017||JMP Securities||Initiated Coverage||Mkt Perform -> Market Perform||Low|
|1/5/2017||Wunderlich||Downgrade||Buy -> Hold||$11.50 -> $10.00||N/A|
|8/17/2016||Citigroup Inc.||Boost Price Target||Neutral||$9.00 -> $10.00||N/A|
|8/11/2016||Bank of America Corporation||Set Price Target||Hold||$9.50 -> $11.00||N/A|
|8/10/2016||Deutsche Bank AG||Boost Price Target||Hold||$9.75 -> $10.00||N/A|
|4/11/2016||Wells Fargo & Company||Downgrade||Market Perform -> Underperform||N/A|
|12/3/2015||J P Morgan Chase & Co||Reiterated Rating||Neutral||$14.00 -> $13.00||N/A|
|11/13/2015||Keefe, Bruyette & Woods||Lower Price Target||Market Perform||$12.50 -> $12.00||N/A|
Earnings History for Western Asset Mortgage Capital Corporation (NYSE:WMC)Earnings History by Quarter for Western Asset Mortgage Capital Corporation (NYSE WMC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/6/2017||Q4 2016||$0.32||$0.42||$22.08 million||$26.73 million||View||Listen|
|11/2/2016||Q316||$0.29||$0.35||$6.12 million||$21.47 million||View||N/A|
|5/6/2016||Q116||$0.39||$0.23||$33.92 million||$21.64 million||View||N/A|
|3/1/2016||Q415||$0.51||$0.39||$33.92 million||$27.40 million||View||N/A|
|11/4/2015||Q315||$0.62||$0.47||$30.55 million||$28.84 million||View||N/A|
|7/31/2015||Q215||$0.72||$0.62||$30.57 million||$34.45 million||View||Listen|
|5/6/2015||Q115||$0.69||$0.69||$33.92 million||$34.40 million||View||N/A|
|2/27/2015||Q414||$0.62||$0.64||$29.00 million||$33.92 million||View||N/A|
|11/5/2014||Q3||$0.71||$0.49||$34.37 million||$34.25 million||View||N/A|
|8/7/2014||Q214||$0.56||$0.75||$22.72 million||$38.63 million||View||N/A|
|5/8/2014||Q114||$0.20||$0.56||$789.30 million||$20.00 million||View||N/A|
|11/7/2013||Q313||$0.82||$0.83||$26.40 million||$26.40 million||View||N/A|
|3/6/2013||Q412||$0.87||$1.05||$27.22 million||$30.60 million||View||N/A|
Earnings Estimates for Western Asset Mortgage Capital Corporation (NYSE:WMC)
Current Year EPS Consensus Estimate: $1.25 EPS
Next Year EPS Consensus Estimate: $1.46 EPS
Current Dividend Information for Western Asset Mortgage Capital Corporation (NYSE:WMC)
|Dividend Growth:||-23.30% (3 Year Average)|
|Payout Ratio:||151.22% (Trailing 12 Months of Earnings) |
99.20% (Based on This Year's Estimates)
84.93% (Based on Next Year's Estimates)
Dividend History by Quarter for Western Asset Mortgage Capital Corporation (NYSE WMC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Western Asset Mortgage Capital Corporation (NYSE:WMC)
Insider Ownership Percentage: 0.36%Insider Trades by Quarter for Western Asset Mortgage Capital Corporation (NYSE:WMC)
Institutional Ownership Percentage: 40.24%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/30/2017||Jennifer Murphy||Insider||Buy||5,000||$10.22||$51,100.00|| |
|3/8/2017||Jennifer Murphy||Insider||Buy||5,000||$9.67||$48,350.00|| |
|11/7/2016||Lisa Meyer||CFO||Buy||225||$10.20||$2,295.00|| |
|9/14/2016||Lisa Meyer||CFO||Buy||775||$10.39||$8,052.25|| |
|12/23/2015||Elliott Neumayer||COO||Buy||1,050||$10.85||$11,392.50|| |
|12/2/2015||Elliott Neumayer||COO||Buy||1,000||$11.25||$11,250.00|| |
|5/12/2015||Gavin L James||CEO||Buy||1,500||$14.83||$22,245.00|| |
|12/5/2014||Steven M Sherwyn||CFO||Buy||1,000||$15.20||$15,200.00|| |
|9/11/2014||Gavin L James||CEO||Buy||6,570||$15.20||$99,864.00|| |
|8/15/2014||Gavin L James||CEO||Buy||16,060||$14.69||$235,921.40|| |
|6/6/2014||Anup Agarwal||CIO||Buy||11,000||$14.43||$158,730.00|| |
|5/22/2014||Travis Carr||COO||Buy||2,000||$13.90||$27,800.00|| |
|4/15/2014||Gavin James||CEO||Buy||2,650||$14.26||$37,789.00|| |
|4/9/2014||Gavin James||CEO||Buy||7,000||$14.54||$101,780.00|| |
|10/4/2013||Gavin James||CEO||Buy||1,000||$15.81||$15,810.00|| |
|5/16/2013||Gavin L James||CEO||Buy||2,100||$19.97||$41,937.00|| |
|5/16/2013||Stephen P Fulton||CIO||Buy||5,000||$20.35||$101,750.00|| |
|12/5/2012||Gavin L James||CEO||Buy||5,250||$20.74||$108,885.00|| |
|11/23/2012||James W Hirschmann III||Director||Buy||2,500||$19.87||$49,675.00|| |
|11/21/2012||James W Hirschmann III||Director||Buy||5,000||$19.51||$97,550.00|| |
|11/13/2012||Travis Carr||COO||Buy||1,000||$19.35||$19,350.00|| |
|9/18/2012||James W Hirschmann III||Director||Buy||1,500||$21.82||$32,730.00|| |
|9/17/2012||James W Hirschmann III||Director||Buy||1,000||$21.84||$21,840.00|| |
|9/14/2012||James W Hirschmann III||Director||Buy||7,500||$21.90||$164,250.00|| |
Headline Trends for Western Asset Mortgage Capital Corporation (NYSE:WMC)
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Western Asset Mortgage Capital Corporation (WMC) Chart for Monday, October, 23, 2017