NYSE:WMC - Western Asset Mortgage Capital Stock Price, Price Target & More

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$10.73 +0.01 (+0.09 %)
(As of 06/19/2018 10:32 AM ET)
Previous Close$10.76
Today's Range$10.72 - $10.79
52-Week Range$8.54 - $10.95
Volume2,812 shs
Average Volume268,375 shs
Market Capitalization$441.55 million
P/E Ratio9.33
Dividend Yield11.69%
Beta0.45
Western Asset Mortgage Capital logoWestern 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
SymbolNYSE:WMC
CUSIP95790D10
Phone626-844-9400

Debt

Debt-to-Equity Ratio10.48
Current Ratio415.70
Quick Ratio415.70

Price-To-Earnings

Trailing P/E Ratio9.33
Forward P/E Ratio7.50
P/E GrowthN/A

Sales & Book Value

Annual Sales$154.74 million
Price / Sales2.89
Cash Flow$1.1464 per share
Price / Cash9.36
Book Value$11.12 per share
Price / Book0.96

Profitability

EPS (Most Recent Fiscal Year)$1.15
Net Income$85.09 million
Net Margins54.01%
Return on Equity11.52%
Return on Assets1.26%

Miscellaneous

EmployeesN/A
Outstanding Shares41,620,000

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, March 22nd. Investors of record on Monday, April 2nd will be paid a dividend of $0.31 per share on Thursday, April 26th. This represents a $1.24 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date of this dividend is Thursday, 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 share repurchase program on Friday, December 22nd 2017, which allows the company to repurchase 2,100,000 shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

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

Western Asset Mortgage Capital Corp (NYSE:WMC) announced its quarterly earnings results on Monday, May, 7th. The financial services provider reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by $0.02. The financial services provider had revenue of $19.03 million for the quarter, compared to analysts' expectations of $18.80 million. Western Asset Mortgage Capital had a return on equity of 11.52% and a net margin of 54.01%. During the same period last year, the firm posted $0.25 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 Tuesday, August, 14th 2018. View Earnings Estimates for Western Asset Mortgage Capital.

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:
  • Ms. Lisa Meyer, CFO & Treasurer (Age 54)
  • Mr. James William Hirschmann III, Chairman (Age 57)
  • Ms. Jennifer Williams Murphy CFA, Pres, CEO & Director (Age 53)
  • Mr. Elliott Neumayer, Chief Operating Officer (Age 37)
  • Mr. Anupam Agarwal, Chief Investment Officer (Age 50)

Has Western Asset Mortgage Capital been receiving favorable news coverage?

Headlines about WMC stock have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Asset Mortgage Capital earned a media sentiment score of 0.15 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 46.55 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are Western Asset Mortgage Capital's major shareholders?

Western Asset Mortgage Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.01%), UBS Group AG (3.13%), Prudential Financial Inc. (2.78%), Northern Trust Corp (1.17%), Schwab Charles Investment Management Inc. (1.00%) and Van ECK Associates Corp (0.49%). 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 institutional investors are selling Western Asset Mortgage Capital stock?

WMC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Thrivent Financial for Lutherans, California Public Employees Retirement System, UBS Group AG and Van ECK Associates Corp. View Insider Buying and Selling 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 Prudential Financial Inc., Schwab Charles Investment Management Inc., Aperio Group LLC, Cetera Advisors LLC, Koch Industries Inc., Northern Trust Corp, Barclays PLC and Guggenheim Capital LLC. 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 $10.73.

How big of a company is Western Asset Mortgage Capital?

Western Asset Mortgage Capital has a market capitalization of $441.55 million and generates $154.74 million in revenue each year. The financial services provider earns $85.09 million in net income (profit) each year or $1.15 on an earnings per share basis.

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 (WMC)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  176 (Vote Outperform)
Underperform Votes:  278 (Vote Underperform)
Total Votes:  454
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 6/19/2018 by MarketBeat.com Staff

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