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, 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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Current SymbolNYSE:WMC
Previous Symbol
CUSIP95790D10
Phone626-844-9400
Debt
Debt-to-Equity Ratio8.77
Current Ratio717.12
Quick Ratio717.12
Price-To-Earnings
Trailing P/E Ratio8.73
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$154.74 million
Price / Sales3.12
Cash Flow$1.1218 per share
Price / Cash8.95
Book Value$11.13 per share
Price / Book0.90
Profitability
EPS (Most Recent Fiscal Year)$1.15
Net Income$85.09 million
Net Margins31.62%
Return on Equity11.50%
Return on Assets1.10%
Miscellaneous
EmployeesN/A
Outstanding Shares48,120,000
Market Cap$487.90 million
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 announced a quarterly dividend on Tuesday, September 18th. Investors of record on Thursday, September 27th will be paid a dividend of $0.31 per share on Friday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 12.35%. The ex-dividend date of this dividend is Wednesday, September 26th. 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 of Directors has approved a stock repurchase program on Friday, December 22nd 2017, which authorizes the company to repurchase 2,100,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.
How were Western Asset Mortgage Capital's earnings last quarter?
Western Asset Mortgage Capital Corp (NYSE:WMC) issued its quarterly earnings data on Wednesday, November, 7th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The financial services provider had revenue of $15.94 million for the quarter, compared to analyst estimates of $19.20 million. Western Asset Mortgage Capital had a net margin of 31.62% and a return on equity of 11.50%. The company's revenue for the quarter was down 14.1% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. View Western Asset Mortgage Capital's Earnings History.
When is Western Asset Mortgage Capital's next earnings date?
Has Western Asset Mortgage Capital been receiving favorable news coverage?
News headlines about WMC stock have been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Western Asset Mortgage Capital earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days.
Who are some of Western Asset Mortgage Capital's key competitors?
Some companies that are related to Western Asset Mortgage Capital include MGM Growth Properties (MGP), American Assets Trust (AAT), Mack Cali Realty (CLI), Four Corners Property Trust (FCPT), LTC Properties (LTC), Chesapeake Lodging Trust (CHSP), Select Income REIT (SIR), Invesco Mortgage Capital (IVR), Caretrust REIT (CTRE), Alexander's (ALX), National Storage Affiliates Trust (NSA), Alexander & Baldwin (ALEX), Global Net Lease (GNL), Safestore (SFSHF) and Industrial Logistics Properties Trust (ILPT).
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 57)
- Ms. Jennifer Williams Murphy CFA, Pres, CEO & Director (Age 53)
- Ms. Lisa Meyer, CFO & Treasurer (Age 54)
- Mr. Elliott Neumayer, Chief Operating Officer (Age 37)
- Mr. Anupam Agarwal, Chief Investment Officer (Age 50)
Who are Western Asset Mortgage Capital's major shareholders?
Western Asset Mortgage Capital's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.90%), Renaissance Technologies LLC (4.20%), Prudential Financial Inc. (3.28%), BlueMountain Capital Management LLC (0.52%), LSV Asset Management (0.56%) and Chicago Equity Partners LLC (0.48%). Company insiders that own Western Asset Mortgage Capital stock include Jennifer Murphy and Lisa Meyer. View Institutional Ownership Trends for Western Asset Mortgage Capital.
Which major investors are selling Western Asset Mortgage Capital stock?
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 Renaissance Technologies LLC, BlueMountain Capital Management LLC, BlackRock Inc., Martingale Asset Management L P, Chicago Equity Partners LLC, Orinda Asset Management LLC, Prudential Financial Inc. and First Trust Advisors LP. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include 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 $10.04.
How big of a company is Western Asset Mortgage Capital?
Western Asset Mortgage Capital has a market capitalization of $487.90 million and generates $154.74 million in revenue each year. The financial services provider earns $85.09 million in net income (profit) each year or $1.15 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.
