NYSE:WMCWestern Asset Mortgage Capital Stock Price, Forecast & News

$2.23

+0.09 (+4.21 %)

(As of 06/2/2020 10:51 AM ET)

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Today's Range

$2.16

Now: $2.23▼

$2.25

50-Day Range

$1.98

MA: $2.48▼

$3.17

52-Week Range

$1.37

Now: $2.23▼

$11.33

Volume24,195 shs

Average Volume1.44 million shs

Market Capitalization$119.13 million

P/E RatioN/A

Dividend YieldN/A

Beta1.66

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. 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.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
Western Asset Mortgage Capital has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.50, Western Asset Mortgage Capital has a potential upside of 12.1% from its current price of $2.23.
Amount of Analyst Coverage
Western Asset Mortgage Capital has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Western Asset Mortgage Capital has received 280 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Western Asset Mortgage Capital has received 381 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Western Asset Mortgage Capital has received 57.64% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Western Asset Mortgage Capital does not currently pay a dividend.
Dividend Growth
Western Asset Mortgage Capital does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Western Asset Mortgage Capital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $183,100.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.61% of the stock of Western Asset Mortgage Capital is held by insiders.
Percentage Held by Institutions
46.70% of the stock of Western Asset Mortgage Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Western Asset Mortgage Capital are expected to decrease by -20.00% in the coming year, from $0.75 to $0.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Western Asset Mortgage Capital is -0.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Western Asset Mortgage Capital is -0.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Western Asset Mortgage Capital has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.75 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryMortgage REITs

SectorFinance

Current SymbolNYSE:WMC

Previous Symbol

CUSIP95790D10

CIK1465885

Webwww.westernassetmcc.com

Phone626-844-9400

Debt

Debt-to-Equity Ratio15.86

Current Ratio363.39

Quick Ratio363.39

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio2.97

P/E GrowthN/A

Sales & Book Value

Annual Sales$217.26 million

Price / Sales0.55

Cash Flow$1.53 per share

Price / Cash Flow1.46

Book Value$10.60 per share

Price / Book0.21

Profitability

EPS (Most Recent Fiscal Year)$1.21

Net Income$70.70 million

Net Margins-154.05%

Return on Equity13.11%

Return on Assets1.28%

Miscellaneous

EmployeesN/A

Outstanding Shares53,420,000

Market Cap$119.13 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Western Asset Mortgage Capital (NYSE:WMC) Frequently Asked Questions

How has Western Asset Mortgage Capital's stock been impacted by COVID-19 (Coronavirus)?

Western Asset Mortgage Capital's stock was trading at $9.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WMC shares have decreased by 75.5% and is now trading at $2.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Western Asset Mortgage Capital?

1 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 for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Western Asset Mortgage Capital.

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

Western Asset Mortgage Capital is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Western Asset Mortgage Capital.

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

Western Asset Mortgage Capital Corp (NYSE:WMC) announced its earnings results on Wednesday, May, 6th. The financial services provider reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.17. The financial services provider had revenue of $18.74 million for the quarter. Western Asset Mortgage Capital had a negative net margin of 154.05% and a positive return on equity of 13.11%. View Western Asset Mortgage Capital's earnings history.

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 19th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.31 per share on Friday, January 24th. This represents a $1.24 annualized dividend and a yield of 55.61%. The ex-dividend date of this dividend is Friday, December 27th. View Western Asset Mortgage Capital's dividend history.

What price target have analysts set for WMC?

1 Wall Street analysts have issued twelve-month price objectives for Western Asset Mortgage Capital's stock. Their forecasts range from $2.50 to $2.50. On average, they expect Western Asset Mortgage Capital's stock price to reach $2.50 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View analysts' price targets for Western Asset Mortgage Capital.

Has Western Asset Mortgage Capital been receiving favorable news coverage?

Media stories about WMC stock have been trending very positive on Tuesday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Western Asset Mortgage Capital earned a news impact score of 3.5 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutWestern Asset Mortgage Capital.

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,370,000 shares, an increase of 6.8% from the April 30th total of 5,030,000 shares. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 11.4% of the shares of the stock are sold short. View Western Asset Mortgage Capital's Current Options Chain.

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

Some companies that are related to Western Asset Mortgage Capital include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), CHIMERA INVT CO/SH NEW (CIM), Apollo Commercial Real Est. Finance (ARI), Two Harbors Investment (TWO), PennyMac Mortgage Investment Trust (PMT), Colony Capital (CLNY), NY MTG TR INC/SH (NYMT), MFA FINL INC/SH (MFA), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO), Invesco Mortgage Capital (IVR) and Ready Capital (RC). View all competitors.

What other stocks do shareholders of Western Asset Mortgage Capital own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Asset Mortgage Capital investors own include New Residential Investment (NRZ), NY MTG TR INC/SH (NYMT), CBL & Associates Properties (CBL), CVR Refining (CVRR), Hi-Crush Partners (HCLP), DHT (DHT), Two Harbors Investment (TWO), SunCoke Energy Partners (SXCP), SEASPAN CORP/SH SH (SSW) and Orchid Island Capital (ORC).

Who are Western Asset Mortgage Capital's key executives?

Western Asset Mortgage Capital's management team includes the following 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

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."

Who are Western Asset Mortgage Capital's major shareholders?

Western Asset Mortgage Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.70%), State Street Corp (2.83%), Victory Capital Management Inc. (2.46%), Victory Capital Management Inc. (2.46%), Invesco Ltd. (2.12%) and Geode Capital Management LLC (1.39%). Company insiders that own Western Asset Mortgage Capital stock include Dennis Joseph Mcnamara, Harris Trifon, Jennifer Murphy, Lisa Meyer and Sean O Johnson. View institutional ownership trends for Western Asset Mortgage Capital.

Which institutional investors are selling Western Asset Mortgage Capital stock?

WMC stock was sold by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, Nuveen Asset Management LLC, BlackRock Inc., SG Americas Securities LLC, Invesco Ltd., Parametric Portfolio Associates LLC, New York State Common Retirement Fund, and Systematic Financial Management LP. View insider buying and selling activity for Western Asset Mortgage Capital.

Which institutional investors are buying Western Asset Mortgage Capital stock?

WMC stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Acadian Asset Management LLC, Two Sigma Advisers LP, JPMorgan Chase & Co., Two Sigma Investments LP, WINTON GROUP Ltd, and Jane Street Group LLC. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include Dennis Joseph Mcnamara, Harris Trifon, Jennifer Murphy, Lisa Meyer, and Sean O Johnson. View insider buying and selling activity 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 $2.23.

How big of a company is Western Asset Mortgage Capital?

Western Asset Mortgage Capital has a market capitalization of $119.13 million and generates $217.26 million in revenue each year. The financial services provider earns $70.70 million in net income (profit) each year or $1.21 on an earnings per share basis.

What is Western Asset Mortgage Capital's official website?

The official website for Western Asset Mortgage Capital is 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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff