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
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Phone626-844-9400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$154.74 million
Profitability
Miscellaneous
EmployeesN/A
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. Stockholders 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 13.21%. 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 declared that its board has approved a share repurchase 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. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.
How were Western Asset Mortgage Capital's earnings last quarter?
Western Asset Mortgage Capital Corp (NYSE:WMC) released its earnings results on Wednesday, November, 7th. The financial services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.01. The financial services provider earned $15.94 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. 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 coverage about WMC stock has been trending somewhat positive on Friday, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public 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 daily sentiment score of 1.6 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Western Asset Mortgage Capital's key competitors?
Some companies that are related to Western Asset Mortgage Capital include CYRELA BRAZIL R/S (CYRBY), Invesco Mortgage Capital (IVR), LTC Properties (LTC), Caretrust REIT (CTRE), Chesapeake Lodging Trust (CHSP), Alexander's (ALX), Alexander & Baldwin (ALEX), National Storage Affiliates Trust (NSA), Safestore (SFSHF), Global Net Lease (GNL), American Finance Trust (AFIN), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Redwood Trust (RWT), Kite Realty Group Trust (KRG) and TPG RE Finance Trust (TRTX).
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 many different of institutional and retail investors. Top institutional investors 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?
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 $9.39.
How big of a company is Western Asset Mortgage Capital?
Western Asset Mortgage Capital has a market capitalization of $445.56 million and generates $154.74 million in revenue each year.
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.
