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

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$10.76 +0.03 (+0.28 %)
(As of 07/19/2018 01:02 PM ET)
Previous Close$10.72
Today's Range$10.70 - $10.79
52-Week Range$8.54 - $10.95
Volume6,768 shs
Average Volume292,325 shs
Market Capitalization$446.54 million
P/E Ratio9.33
Dividend Yield11.56%
Beta0.46
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

Stock Exchange NYSE
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 Ratio7.52
P/E GrowthN/A

Sales & Book Value

Annual Sales$154.74 million
Price / Sales2.89
Cash Flow$1.1362 per share
Price / Cash9.47
Book Value$11.12 per share
Price / Book0.97

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
Market Cap$446.54

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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 declared a quarterly dividend on Friday, June 22nd. Shareholders of record on Monday, July 2nd will be paid a dividend of $0.31 per share on Thursday, July 26th. This represents a $1.24 dividend on an annualized basis and a yield of 11.52%. The ex-dividend date of this dividend is Friday, June 29th. View Western Asset Mortgage Capital's Dividend History.

How will Western Asset Mortgage Capital's stock buyback program work?

Western Asset Mortgage Capital announced that its board has authorized a share buyback plan on Friday, December 22nd 2017, which allows the company to buyback 2,100,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

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

Western Asset Mortgage Capital Corp (NYSE:WMC) posted its quarterly earnings data on Monday, May, 7th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks' consensus estimate of $0.34 by $0.02. The financial services provider earned $19.03 million during the quarter, compared to analysts' expectations of $18.80 million. Western Asset Mortgage Capital had a net margin of 54.01% and a return on equity of 11.52%. During the same quarter in the prior year, the firm earned $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 Monday, August, 6th 2018. View Earnings Estimates 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."

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:
  • Mr. James William Hirschmann III, Chairman (Age 57)
  • Ms. Jennifer Williams Murphy CFA, Pres, CEO & Director (Age 53)
  • Ms. Lisa Meyer, CFO & Treasurer (Age 54)
  • 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?

News headlines about WMC stock have trended somewhat negative this week, Accern reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Western Asset Mortgage Capital earned a news impact score of -0.02 on Accern's scale. They also gave news articles about the financial services provider an impact score of 44.75 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are Western Asset Mortgage Capital's major shareholders?

Western Asset Mortgage Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Campbell & CO Investment Adviser LLC (0.06%). 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 buying Western Asset Mortgage Capital stock?

WMC stock was bought by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser 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 $10.76.

How big of a company is Western Asset Mortgage Capital?

Western Asset Mortgage Capital has a market capitalization of $446.54 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 (NYSE WMC)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  184 (Vote Outperform)
Underperform Votes:  289 (Vote Underperform)
Total Votes:  473
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 7/19/2018 by MarketBeat.com Staff

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