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Western Asset Mortgage Capital Stock Price, Forecast & Analysis (NYSE:WMC)

$10.18
-0.01 (-0.10 %)
(As of 11/15/2019 11:39 AM ET)
Today's Range
$10.14
Now: $10.18
$10.24
50-Day Range
$9.52
MA: $9.90
$10.35
52-Week Range
$8.26
Now: $10.18
$10.66
Volume56,675 shs
Average Volume322,526 shs
Market Capitalization$541.78 million
P/E Ratio7.49
Dividend Yield12.11%
Beta0.76
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. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP95790D10
Phone626-844-9400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$209.36 million
Cash Flow$1.37 per share
Book Value$10.60 per share

Profitability

Net Income$26.41 million

Miscellaneous

EmployeesN/A
Market Cap$541.78 million
Next Earnings Date3/3/2020 (Estimated)
OptionableOptionable

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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 Thursday, September 19th. Investors of record on Monday, September 30th will be given a dividend of $0.31 per share on Friday, October 25th. This represents a $1.24 dividend on an annualized basis and a yield of 12.18%. The ex-dividend date is Friday, September 27th. View Western Asset Mortgage Capital's Dividend History.

How will Western Asset Mortgage Capital's stock buyback program work?

Western Asset Mortgage Capital declared that its board has authorized a share buyback plan on Friday, December 22nd 2017, which permits the company to buyback 2,100,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

How were Western Asset Mortgage Capital's earnings last quarter?

Western Asset Mortgage Capital Corp (NYSE:WMC) posted its quarterly earnings data on Tuesday, November, 5th. The financial services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.31 by $0.03. The financial services provider had revenue of $16.57 million for the quarter, compared to analyst estimates of $20.95 million. Western Asset Mortgage Capital had a return on equity of 11.66% and a net margin of 18.47%. During the same period last year, the business earned $0.33 earnings per share. View Western Asset Mortgage Capital's Earnings History.

When is Western Asset Mortgage Capital's next earnings date?

Western Asset Mortgage Capital is scheduled to release their next quarterly earnings announcement on Tuesday, March 3rd 2020. View Earnings Estimates for Western Asset Mortgage Capital.

What price target have analysts set for WMC?

2 Wall Street analysts have issued 1-year target prices 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 share price to reach $10.50 in the next twelve months. This suggests a possible upside of 3.1% 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?

2 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 and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Western Asset Mortgage Capital.

Has Western Asset Mortgage Capital been receiving favorable news coverage?

Press coverage about WMC stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Western Asset Mortgage Capital earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Western Asset Mortgage Capital.

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,290,000 shares, a drop of 6.5% from the September 30th total of 1,380,000 shares. Based on an average daily trading volume, of 345,500 shares, the short-interest ratio is presently 3.7 days. Currently, 2.4% of the company's stock are short sold. View Western Asset Mortgage Capital's Current Options Chain.

Who are some of Western Asset Mortgage Capital's key competitors?

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. Harris Adam Trifon, 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 shareholders include State of New Jersey Common Pension Fund D (0.43%), Rhumbline Advisers (0.14%), SG Americas Securities LLC (0.14%), Chicago Equity Partners LLC (0.12%), Systematic Financial Management LP (0.11%) and California Public Employees Retirement System (0.10%). Company insiders that own Western Asset Mortgage Capital stock include Dennis Joseph Mcnamara, Harris Trifon, 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 Systematic Financial Management LP, Chicago Equity Partners LLC, Nisa Investment Advisors LLC and Virginia Retirement Systems ET AL. 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 State of New Jersey Common Pension Fund D, CAPROCK Group Inc., Rhumbline Advisers, Russell Investments Group Ltd., California Public Employees Retirement System, SG Americas Securities LLC and Strs Ohio. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include Dennis Joseph Mcnamara, Harris Trifon, 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, Robinhood, 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 $10.18.

How big of a company is Western Asset Mortgage Capital?

Western Asset Mortgage Capital has a market capitalization of $541.78 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. View Additional Information About Western Asset Mortgage Capital.

What is Western Asset Mortgage Capital's official website?

The official website for Western Asset Mortgage Capital is http://www.westernassetmcc.com/.

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  272 (Vote Outperform)
Underperform Votes:  353 (Vote Underperform)
Total Votes:  625
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.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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