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

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$10.44 +0.04 (+0.38 %)
(As of 04/18/2019 09:21 AM ET)
Previous Close$10.40
Today's Range$10.38 - $10.45
52-Week Range$8.26 - $11.38
Volume137,971 shs
Average Volume315,881 shs
Market Capitalization$502.33 million
P/E Ratio7.68
Dividend Yield11.92%
Beta0.74
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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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$1.3883 per share
Book Value$10.45 per share

Profitability

Net Income$26.41 million

Miscellaneous

EmployeesN/A
Market Cap$502.33 million
Next Earnings Date5/6/2019 (Estimated)
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 Friday, March 22nd. Stockholders of record on Monday, April 1st will be given a dividend of $0.31 per share on Friday, April 26th. This represents a $1.24 annualized dividend and a dividend yield of 11.88%. The ex-dividend date is Friday, March 29th. 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 stock buyback plan on Friday, December 22nd 2017, which permits the company to buyback 2,100,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

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

Western Asset Mortgage Capital Corp (NYSE:WMC) announced its earnings results on Wednesday, November, 7th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The financial services provider had revenue of $15.94 million for the quarter, compared to the consensus estimate of $19.20 million. Western Asset Mortgage Capital had a net margin of 11.98% and a return on equity of 11.97%. The business's quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter last 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?

Western Asset Mortgage Capital is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for Western Asset Mortgage Capital.

What price target have analysts set for WMC?

1 brokers have issued 12 month target prices for Western Asset Mortgage Capital's stock. Their forecasts range from $10.50 to $10.50. On average, they anticipate Western Asset Mortgage Capital's share price to reach $10.50 in the next year. This suggests a possible upside of 0.6% 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?

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.

Has Western Asset Mortgage Capital been receiving favorable news coverage?

Headlines about WMC stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Western Asset Mortgage Capital earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next several days.

Who are some of Western Asset Mortgage Capital's key 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 CVR Refining (CVRR), CBL & Associates Properties (CBL), New Residential Investment (NRZ), NY MTG TR INC/SH (NYMT), DHT (DHT), SunCoke Energy Partners (SXCP), SEASPAN CORP/SH SH (SSW), Two Harbors Investment (TWO), Orchid Island Capital (orc) and Frontline (FRO).

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. Dennis Joseph McNamara, Interim Co-Chief Investment Officer

Who are Western Asset Mortgage Capital's major shareholders?

Western Asset Mortgage Capital's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include KAMES CAPITAL plc (0.21%). Company insiders that own Western Asset Mortgage Capital stock include Dennis Joseph Mcnamara, Jennifer Murphy and Lisa Meyer. View Institutional Ownership Trends for Western Asset Mortgage Capital.

Which institutional investors are buying Western Asset Mortgage Capital stock?

WMC stock was bought by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include Dennis Joseph Mcnamara, 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 $10.44.

How big of a company is Western Asset Mortgage Capital?

Western Asset Mortgage Capital has a market capitalization of $502.33 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.

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:  257 (Vote Outperform)
Underperform Votes:  323 (Vote Underperform)
Total Votes:  580
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 4/18/2019 by MarketBeat.com Staff

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