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

$4.02
+0.35 (+9.54 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$3.71
Now: $4.02
$4.35
50-Day Range
$2.55
MA: $8.87
$11.28
52-Week Range
$2.49
Now: $4.02
$11.33
Volume2.27 million shs
Average Volume2.04 million shs
Market Capitalization$215.15 million
P/E Ratio2.89
Dividend Yield33.79%
Beta0.66
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.
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Western Asset Mortgage Capital logo

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$217.26 million
Cash Flow$1.49 per share
Book Value$10.60 per share

Profitability

Net Income$70.70 million

Miscellaneous

EmployeesN/A
Market Cap$215.15 million
Next Earnings Date5/5/2020 (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 (COVID-19) reached pandemic status according to the World Health Organization. Since then, WMC shares have decreased by 55.9% and is now trading at $4.02. View which stocks have been mosted 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." 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, May 5th 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) released its quarterly earnings results on Wednesday, March, 4th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The financial services provider earned $18.93 million during the quarter. Western Asset Mortgage Capital had a return on equity of 11.26% and a net margin of 32.54%. 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 given a dividend of $0.31 per share on Friday, January 24th. This represents a $1.24 dividend on an annualized basis and a yield of 30.85%. 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 equities research analysts have issued 12-month price objectives for Western Asset Mortgage Capital's shares. Their forecasts range from $10.50 to $10.50. On average, they expect Western Asset Mortgage Capital's stock price to reach $10.50 in the next year. This suggests a possible upside of 161.2% 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 extremely negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative news 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 media sentiment score of -4.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutWestern Asset Mortgage Capital.

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,171,700 shares, a decrease of 19.0% from the February 27th total of 2,680,000 shares. Based on an average daily trading volume, of 522,400 shares, the days-to-cover ratio is currently 4.2 days. Approximately 4.1% of the shares of the company are sold short. 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 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 many different institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (5.72%), UBS Group AG (2.80%), State Street Corp (2.75%), Prudential Financial Inc. (2.60%), Victory Capital Management Inc. (1.58%) and Victory Capital Management Inc. (1.56%). 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 major investors are selling Western Asset Mortgage Capital stock?

WMC stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Renaissance Technologies LLC, UBS Group AG, Bank of America Corp DE, State of New Jersey Common Pension Fund D, Van ECK Associates Corp, Alliancebernstein L.P., and IndexIQ Advisors LLC. View insider buying and selling activity for Western Asset Mortgage Capital.

Which major investors are buying Western Asset Mortgage Capital stock?

WMC stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., State Street Corp, Vestcor Investment Management Corp, Goldman Sachs Group Inc., Alphasimplex Group LLC, Nuveen Asset Management LLC, and Schonfeld Strategic Advisors 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 $4.02.

How big of a company is Western Asset Mortgage Capital?

Western Asset Mortgage Capital has a market capitalization of $215.15 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.  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:  2.1 out of 5 (star star)
Outperform Votes:  277 (Vote Outperform)
Underperform Votes:  374 (Vote Underperform)
Total Votes:  651
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 3/29/2020 by MarketBeat.com Staff

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