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About Western Asset Mortgage Capital (NYSE:WMC)
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
SymbolNYSE:WMC
CUSIP95790D10
Phone626-844-9400
Debt
Debt-to-Equity Ratio10.48
Current Ratio415.70
Quick Ratio415.70
Price-To-Earnings
Trailing P/E Ratio9.07
Forward P/E Ratio7.29
P/E GrowthN/A
Sales & Book Value
Annual Sales$154.74 million
Price / Sales2.81
Cash Flow$1.1325 per share
Price / Cash9.21
Book Value$11.39 per share
Price / Book0.92
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. Shareholders 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 annualized dividend and a yield of 11.89%. 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 announced that its Board of Directors has approved a share repurchase plan on Friday, December 22nd 2017, which allows the company to buyback 2,100,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically 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) posted its earnings results on Monday, May, 7th. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.34 by $0.02. The financial services provider had revenue of $19.03 million for the quarter, compared to analyst estimates 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 previous year, the business posted $0.25 EPS. View Western Asset Mortgage Capital's Earnings History.
When is Western Asset Mortgage Capital's next earnings date?
Who are some of Western Asset Mortgage Capital's key competitors?
Some companies that are related to Western Asset Mortgage Capital include Ladder Capital (LADR), Mack Cali Realty (CLI), American Assets Trust (AAT), Summit Hotel Properties (INN), LTC Properties (LTC), Alexander & Baldwin (ALEX), Agree Realty (ADC), Safestore (SFSHF), Washington Prime Group (WPG), Industrial Logistics Properties Trust (ILPT), National Storage (NSA), Four Corners Property (FCPT), CYRELA BRAZIL R/S (CYRBY), Global Net Lease (GNL) and Kite Realty Group Trust (KRG).
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?
News articles about WMC stock have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Western Asset Mortgage Capital earned a daily sentiment score of 0.18 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 45.33 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company'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 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?
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 $10.43.
How big of a company is Western Asset Mortgage Capital?
Western Asset Mortgage Capital has a market capitalization of $434.05 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 investorrelations.westernassetmcc.com.
MarketBeat Community Rating for Western Asset Mortgage Capital (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.
Western Asset Mortgage Capital (NYSE:WMC) Dividend Information
Western Asset Mortgage Capital pays an annual dividend of $1.24 per share, with a dividend yield of 11.89%. WMC's most recent quarterly dividend payment was Thursday, April 26. Western Asset Mortgage Capital pays out 107.83% of its earnings out as a dividend.
| Most Recent Dividend: | 4/26/2018 |
| Annual Dividend: | $1.24 |
| Dividend Yield: | 11.89% |
| Dividend Growth: | -34.40% (3 Year Average) |
| Payout Ratio(s): | 107.83% (Trailing 12 Months of Earnings)
86.71% (Based on This Year's Estimates)
89.86% (Based on Next Year's Estimates)
109.50% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Western Asset Mortgage Capital (NYSE:WMC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/22/2018 | quarterly | $0.31 | 12.7310061601643% | 3/29/2018 | 4/2/2018 | 4/26/2018 |
| 12/22/2017 | quarterly | $0.31 | 12.17% | 12/29/2017 | 1/2/2018 | 1/26/2018 |
| 9/21/2017 | quarterly | $0.31 | 11.53% | 9/29/2017 | 10/2/2017 | 10/26/2017 |
| 6/21/2017 | quarterly | $0.31 | 11.79% | 6/28/2017 | 6/30/2017 | 7/26/2017 |
| 3/23/2017 | Quarterly | $0.31 | 12.42% | 3/30/2017 | 4/3/2017 | 4/26/2017 |
| 12/23/2016 | quarterly | $0.31 | 11.91% | 12/29/2016 | 1/3/2017 | 1/26/2017 |
| 9/23/2016 | quarterly | $0.31 | 11.44% | 9/30/2016 | 10/4/2016 | 10/25/2016 |
| 6/23/2016 | quarterly | $0.31 | 13.29% | 6/30/2016 | 7/5/2016 | 7/26/2016 |
| 3/24/2016 | quarterly | $0.45 | 17.86% | 3/31/2016 | 4/4/2016 | 4/26/2016 |
| 12/17/2015 | Quarterly | $0.58 | 21.4% | 12/23/2015 | 12/28/2015 | 1/26/2016 |
| 9/24/2015 | quarterly | $0.60 | 18.25% | 10/1/2015 | 10/5/2015 | 10/27/2015 |
| 6/18/2015 | quarterly | $0.64 | 16.55% | 6/25/2015 | 6/29/2015 | 7/28/2015 |
| 3/26/2015 | quarterly | $0.67 | 17.64% | 4/1/2015 | 4/6/2015 | 4/28/2015 |
| 12/18/2014 | quarterly | $0.70 | 18.03% | 12/24/2014 | 12/29/2014 | 1/27/2015 |
| 9/23/2014 | quarterly | $0.70 | 18.43% | 10/1/2014 | 10/3/2014 | 10/28/2014 |
| 6/19/2014 | quarterly | $0.67 | 17.9% | 6/26/2014 | 6/30/2014 | 7/29/2014 |
| 3/20/2014 | quarterly | $0.67 | 15.91% | 3/27/2014 | 3/31/2014 | 4/29/2014 |
| 12/19/2013 | quarterly | $2.35 | 55.36% | 12/26/2013 | 12/30/2013 | 1/28/2014 |
| 9/19/2013 | quarterly | $0.90 | 20.95% | 9/26/2013 | 9/30/2013 | 10/29/2013 |
| 6/20/2013 | quarterly | $0.90 | | 6/27/2013 | 7/1/2013 | 7/29/2013 |
| 4/2/2013 | quarterly | $0.95 | 16.4% | 4/10/2013 | 4/12/2013 | 4/30/2013 |
| 12/20/2012 | special | $0.22 | | 12/27/2012 | 12/31/2012 | 1/29/2013 |
| 12/19/2012 | quarterly | $0.90 | | 12/27/2012 | 12/31/2012 | 1/29/2013 |
(Data available from 1/1/2013 forward)
Western Asset Mortgage Capital (NYSE WMC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.51%
Institutional Ownership Percentage: 43.98%
Western Asset Mortgage Capital (NYSE WMC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/11/2018 | Jennifer Murphy | Insider | Buy | 10,000 | $10.04 | $100,400.00 | 57,500 |  |
| 5/10/2018 | Lisa Meyer | CFO | Buy | 100 | $10.05 | $1,005.00 | 5,100 | |
| 12/27/2017 | Jennifer Murphy | Insider | Buy | 10,000 | $10.22 | $102,200.00 | 47,500 | |
| 5/30/2017 | Jennifer Murphy | Insider | Buy | 5,000 | $10.22 | $51,100.00 | 37,500 | |
| 3/8/2017 | Jennifer Murphy | Insider | Buy | 5,000 | $9.67 | $48,350.00 | 15,000 | |
| 11/7/2016 | Lisa Meyer | CFO | Buy | 225 | $10.20 | $2,295.00 | 1,000 | |
| 9/14/2016 | Lisa Meyer | CFO | Buy | 775 | $10.39 | $8,052.25 | 775 | |
| 12/23/2015 | Elliott Neumayer | COO | Buy | 1,050 | $10.85 | $11,392.50 | 2,459 | |
| 12/2/2015 | Elliott Neumayer | COO | Buy | 1,000 | $11.25 | $11,250.00 | 1,409 | |
| 5/12/2015 | Gavin L James | CEO | Buy | 1,500 | $14.83 | $22,245.00 | | |
| 12/5/2014 | Steven M Sherwyn | CFO | Buy | 1,000 | $15.20 | $15,200.00 | | |
| 9/11/2014 | Gavin L James | CEO | Buy | 6,570 | $15.20 | $99,864.00 | | |
| 8/15/2014 | Gavin L James | CEO | Buy | 16,060 | $14.69 | $235,921.40 | | |
| 6/6/2014 | Anup Agarwal | CIO | Buy | 11,000 | $14.43 | $158,730.00 | | |
| 5/22/2014 | Travis Carr | COO | Buy | 2,000 | $13.90 | $27,800.00 | 7,485 | |
| 4/15/2014 | Gavin James | CEO | Buy | 2,650 | $14.26 | $37,789.00 | 32,577 | |
| 4/9/2014 | Gavin James | CEO | Buy | 7,000 | $14.54 | $101,780.00 | 28,227 | |
| 10/4/2013 | Gavin James | CEO | Buy | 1,000 | $15.81 | $15,810.00 | 19,350 | |
| 5/16/2013 | Gavin L James | CEO | Buy | 2,100 | $19.97 | $41,937.00 | | |
| 5/16/2013 | Stephen P Fulton | CIO | Buy | 5,000 | $20.35 | $101,750.00 | | |
| 12/5/2012 | Gavin L James | CEO | Buy | 5,250 | $20.74 | $108,885.00 | | |
| 11/23/2012 | James W Hirschmann III | Director | Buy | 2,500 | $19.87 | $49,675.00 | | |
| 11/21/2012 | James W Hirschmann III | Director | Buy | 5,000 | $19.51 | $97,550.00 | | |
| 11/13/2012 | Travis Carr | COO | Buy | 1,000 | $19.35 | $19,350.00 | | |
| 9/18/2012 | James W Hirschmann III | Director | Buy | 1,500 | $21.82 | $32,730.00 | | |
| 9/17/2012 | James W Hirschmann III | Director | Buy | 1,000 | $21.84 | $21,840.00 | | |
| 9/14/2012 | James W Hirschmann III | Director | Buy | 7,500 | $21.90 | $164,250.00 | | |
(Data available from 1/1/2013 forward)
Western Asset Mortgage Capital (NYSE WMC) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Insider Buying: Western Asset Mortgage Capit (WMC) Insider Buys 10,000 Shares of Stock
www.americanbankingnews.com - May 14 at 4:15 PM |
 | Edited Transcript of WMC earnings conference call or presentation 8-May-18 3:00pm GMT
finance.yahoo.com - May 9 at 8:08 AM |
 | Western Asset Mortgage Capital Corporation 2018 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 8 at 5:49 PM |
| Western Asset Mortgage Capital's (WMC) CEO Jennifer Murphy on Q1 2018 - Earnings Call Transcript
seekingalpha.com - May 8 at 5:49 PM |
 | Western Asset Mortgage: 1Q Earnings Snapshot
www.cnbc.com - May 8 at 8:08 AM |
| Western Asset Mortgage Capit (WMC) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - May 7 at 11:20 PM |
| Western Asset Mortgage Capital EPS in-line, misses on net interest income
seekingalpha.com - May 7 at 5:46 PM |
| Western Asset Mortgage Capital Corporation Announces First Quarter 2018 Results
finance.yahoo.com - May 7 at 5:46 PM |
| Western Asset Mortgage Capit (WMC) Rating Lowered to Hold at ValuEngine
www.americanbankingnews.com - May 2 at 1:37 PM |
| Western Asset Mortgage Capit (WMC) to Release Earnings on Monday
www.americanbankingnews.com - April 30 at 7:56 AM |
| Western Asset Mortgage Capit (WMC) Upgraded to Buy by ValuEngine
www.americanbankingnews.com - April 26 at 1:32 PM |
| Western Asset Mortgage Capital Corporation To Report First Quarter 2018 Financial Results
finance.yahoo.com - April 18 at 5:52 PM |
| ValuEngine Lowers Western Asset Mortgage Capit (WMC) to Hold
www.americanbankingnews.com - April 17 at 10:29 AM |
| Western Asset Mortgage Capit (WMC) Cut to "Hold" at Zacks Investment Research
www.americanbankingnews.com - April 13 at 2:47 PM |
| Analyzing Western Asset Mortgage Capit (WMC) and Duke Realty (DRE)
www.americanbankingnews.com - March 30 at 3:15 PM |
 | Western Asset Mortgage Capital Corporation (WMC) Ex-Dividend Date Scheduled for March 29, 2018
www.nasdaq.com - March 29 at 5:36 PM |
| Daily Dividend Report: MAS, SLG, LW, NRZ, UBA, WMC - Nasdaq
www.nasdaq.com - March 23 at 5:52 PM |
 | Western Asset Mortgage Capital Corporation Declares First Quarter Dividend Of $0.31 Per Share - PR Newswire (press release)
www.prnewswire.com - March 23 at 8:11 AM |
| Western Asset Mortgage Capital Corp (WMC) Announces Quarterly Dividend of $0.31
www.americanbankingnews.com - March 22 at 4:52 PM |
| Edited Transcript of WMC earnings conference call or presentation 6-Mar-18 4:00pm GMT
finance.yahoo.com - March 18 at 8:10 AM |
| Western Asset Mortgage Capital (WMC) Lifted to "Buy" at Zacks Investment Research
www.americanbankingnews.com - March 14 at 3:24 PM |
| Western Asset Mortgage: Hope Is Not A Strategy - Seeking Alpha - Seeking Alpha
seekingalpha.com - March 13 at 8:13 AM |
| Western Asset Mortgage Capital (WMC) Rating Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - March 9 at 9:02 PM |
| Western Asset Mortgage Capital (WMC) Rating Increased to Buy at Zacks Investment Research
www.americanbankingnews.com - March 8 at 2:01 PM |
 | Top Ranked Income Stocks to Buy for March 7th
www.zacks.com - March 7 at 6:42 PM |
| Western Asset Mortgage Capital's (WMC) CEO Jennifer Murphy on Q4 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - March 7 at 8:09 AM |
| Western Asset Mortgage Capital Corporation 2017 Q4 - Results - Earnings Call Slides
seekingalpha.com - March 6 at 5:46 PM |
| Western Asset Mortgage Capital Corporation to Host Earnings Call
finance.yahoo.com - March 6 at 5:46 PM |
| Western Asset Mortgage Capital Corporation Announces Fourth ... - PR Newswire (press release)
www.prnewswire.com - March 6 at 8:08 AM |
| Western Asset Mortgage Capital (WMC) Releases Earnings Results, Meets Estimates
www.americanbankingnews.com - March 5 at 8:40 PM |
| Western Asset Mortgage Capital EPS in-line, misses on revenue
seekingalpha.com - March 5 at 5:55 PM |
| Western Asset Mortgage Capital Corporation Announces Fourth Quarter And Full Year 2017 Results
finance.yahoo.com - March 5 at 5:55 PM |
| Western Asset Mortgage Q4 Earnings Preview
finance.yahoo.com - March 5 at 5:55 PM |
| Is Western Asset Mortgage Capital Corporation’s (NYSE:WMC) PE Ratio A Signal To Sell For Investors?
finance.yahoo.com - March 5 at 8:10 AM |
| Western Asset Mortgage Capital (WMC) to Release Earnings on Monday
www.americanbankingnews.com - February 26 at 3:56 AM |
| Report: Developing Opportunities within Diplomat Pharmacy, Cogent Communications, Western Asset Mortgage Capital, Kimberly-Clark, Cincinnati Financial, and Cherry Hill Mortgage Investment - Future Expectations, Projections Moving into 2018
finance.yahoo.com - February 22 at 8:12 AM |
| Stop, This 13.5% Yield Wants To Take Your Money
seekingalpha.com - February 15 at 8:57 AM |
| Western Asset Mortgage Capital Corporation To Report Fourth Quarter And Year End 2017 Financial Results - PR Newswire (press release)
www.prnewswire.com - February 8 at 3:37 PM |
| Western Asset Mortgage Capital Corporation To Report Fourth Quarter And Year End 2017 Financial Results - PR Newswire (press release)
www.prnewswire.com - February 8 at 3:37 PM |
| Western Asset Mortgage Capital Corporation To Report Fourth Quarter And Year End 2017 Financial Results
finance.yahoo.com - February 7 at 8:32 AM |
| Western Asset Mortgage Capital (WMC) Upgraded at Zacks Investment Research
www.americanbankingnews.com - January 13 at 2:04 PM |
| I Don't See Much To Like Here - Seeking Alpha
seekingalpha.com - January 12 at 4:14 PM |
| Insider Buying: Western Asset Mortgage Capital Corp (WMC) Insider Acquires 10,000 Shares of Stock
www.americanbankingnews.com - December 28 at 5:10 PM |
| Western Asset Mortgage Capital Corporation (WMC) Ex-Dividend Date Scheduled for December 29, 2017 - Nasdaq
www.nasdaq.com - December 28 at 3:17 PM |
| Five Oaks Investment (OAKS) and Western Asset Mortgage Capital (WMC) Critical Review
www.americanbankingnews.com - December 27 at 5:10 PM |
| Western Asset Mortgage Capital Corporation Announces Extension Of Share Repurchase Program - PR Newswire (press release)
www.prnewswire.com - December 23 at 4:29 AM |
| Western Asset Mortgage Capital Corp (WMC) Plans $0.31 Quarterly Dividend
www.americanbankingnews.com - December 22 at 6:13 PM |
| Western Asset Mortgage Capital (WMC) to Buyback 2,100,000 Shares
www.americanbankingnews.com - December 22 at 11:28 AM |
| Analyzing Granite Point Mortgage Trust (GPMT) and Western Asset Mortgage Capital (WMC)
www.americanbankingnews.com - December 21 at 7:10 PM |
| Western Asset Mortgage Capital Corporation Announces Extension Of Share Repurchase Program
finance.yahoo.com - December 21 at 4:22 PM |
Western Asset Mortgage Capital (NYSE:WMC) SEC Filings
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Western Asset Mortgage Capital (NYSE:WMC) Income Statement, Balance Sheet and Cash Flow Statement
Western Asset Mortgage Capital (NYSE WMC) Stock Chart for Monday, May, 28, 2018
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