NYSE:WMC - Western Asset Mortgage Capital Stock Price, News, & Analysis

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$9.26 +0.08 (+0.87 %)
(As of 01/16/2019 04:00 PM ET)
Previous Close$9.18
Today's Range$9.19 - $9.28
52-Week Range$8.26 - $11.38
Volume213,856 shs
Average Volume306,836 shs
Market Capitalization$440.75 million
P/E Ratio6.84
Dividend Yield13.64%
Beta0.64
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.

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Industry, Sector and Symbol

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

Debt

Current Ratio717.12
Quick Ratio717.12

Price-To-Earnings

Sales & Book Value

Annual Sales$154.74 million
Price / Sales2.88
Cash Flow$1.1460 per share
Price / Cash Flow8.08
Book Value$11.12 per share
Price / Book0.83

Profitability

Net Income$85.09 million
Net Margins31.62%
Return on Assets1.10%

Miscellaneous

EmployeesN/A
Market Cap$440.75 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 Thursday, December 20th. Investors of record on Monday, December 31st will be given a dividend of $0.31 per share on Friday, January 25th. This represents a $1.24 annualized dividend and a dividend yield of 13.39%. The ex-dividend date of this dividend is Friday, December 28th. 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 repurchase program on Friday, December 22nd 2017, which allows the company to buyback 2,100,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally 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) posted its quarterly earnings results on Wednesday, November, 7th. The financial services provider reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.01. The financial services provider earned $15.94 million during the quarter, compared to analyst estimates of $19.20 million. Western Asset Mortgage Capital had a return on equity of 11.50% and a net margin of 31.62%. The business's revenue for the quarter was down 14.1% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. 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 Monday, March 4th 2019. View Earnings Estimates for Western Asset Mortgage Capital.

Has Western Asset Mortgage Capital been receiving favorable news coverage?

Press coverage about WMC stock has trended somewhat negative on Wednesday, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news 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 -1.2 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the next several days.

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

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. Anupam Agarwal, Chief Investment Officer (Age 51)

Who are Western Asset Mortgage Capital's major shareholders?

Western Asset Mortgage Capital's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fox Run Management L.L.C. (0.02%). 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 buying Western Asset Mortgage Capital stock?

WMC stock was purchased by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C.. 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 $9.26.

How big of a company is Western Asset Mortgage Capital?

Western Asset Mortgage Capital has a market capitalization of $440.75 million and generates $154.74 million in revenue each year.

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:  241 (Vote Outperform)
Underperform Votes:  317 (Vote Underperform)
Total Votes:  558
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 1/16/2019 by MarketBeat.com Staff

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