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NYSE:WMCWestern Asset Mortgage Capital Stock Price, Forecast & News

$2.23
+0.09 (+4.21 %)
(As of 06/2/2020 10:51 AM ET)
Add
Compare
Today's Range
$2.16
Now: $2.23
$2.25
50-Day Range
$1.98
MA: $2.48
$3.17
52-Week Range
$1.37
Now: $2.23
$11.33
Volume24,195 shs
Average Volume1.44 million shs
Market Capitalization$119.13 million
P/E RatioN/A
Dividend YieldN/A
Beta1.66
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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Western Asset Mortgage Capital logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


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$217.26 million
Cash Flow$1.53 per share
Book Value$10.60 per share

Profitability

Net Income$70.70 million
Net Margins-154.05%

Miscellaneous

EmployeesN/A
Market Cap$119.13 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Western Asset Mortgage Capital (NYSE:WMC) Frequently Asked Questions

How has Western Asset Mortgage Capital's stock been impacted by COVID-19 (Coronavirus)?

Western Asset Mortgage Capital's stock was trading at $9.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WMC shares have decreased by 75.5% and is now trading at $2.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Western Asset Mortgage Capital's next earnings date?

Western Asset Mortgage Capital is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Western Asset Mortgage Capital.

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

Western Asset Mortgage Capital Corp (NYSE:WMC) announced its earnings results on Wednesday, May, 6th. The financial services provider reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.17. The financial services provider had revenue of $18.74 million for the quarter. Western Asset Mortgage Capital had a negative net margin of 154.05% and a positive return on equity of 13.11%. View Western Asset Mortgage Capital's earnings history.

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 19th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.31 per share on Friday, January 24th. This represents a $1.24 annualized dividend and a yield of 55.61%. The ex-dividend date of this dividend is Friday, December 27th. View Western Asset Mortgage Capital's dividend history.

What price target have analysts set for WMC?

1 Wall Street analysts have issued twelve-month price objectives for Western Asset Mortgage Capital's stock. Their forecasts range from $2.50 to $2.50. On average, they expect Western Asset Mortgage Capital's stock price to reach $2.50 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View analysts' price targets for Western Asset Mortgage Capital.

Has Western Asset Mortgage Capital been receiving favorable news coverage?

Media stories about WMC stock have been trending very positive on Tuesday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Western Asset Mortgage Capital earned a news impact score of 3.5 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutWestern Asset Mortgage Capital.

Are investors shorting Western Asset Mortgage Capital?

Western Asset Mortgage Capital saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,370,000 shares, an increase of 6.8% from the April 30th total of 5,030,000 shares. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 11.4% of the shares of the stock are sold short. View Western Asset Mortgage Capital's Current Options Chain.

Who are some of Western Asset Mortgage Capital's key competitors?

What other stocks do shareholders of Western Asset Mortgage Capital own?

Who are Western Asset Mortgage Capital's key executives?

Western Asset Mortgage Capital's management team includes the following 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. Harris Adam Trifon, Chief Investment Officer

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."

Who are Western Asset Mortgage Capital's major shareholders?

Western Asset Mortgage Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.70%), State Street Corp (2.83%), Victory Capital Management Inc. (2.46%), Victory Capital Management Inc. (2.46%), Invesco Ltd. (2.12%) and Geode Capital Management LLC (1.39%). Company insiders that own Western Asset Mortgage Capital stock include Dennis Joseph Mcnamara, Harris Trifon, Jennifer Murphy, Lisa Meyer and Sean O Johnson. 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 Geode Capital Management LLC, Nuveen Asset Management LLC, BlackRock Inc., SG Americas Securities LLC, Invesco Ltd., Parametric Portfolio Associates LLC, New York State Common Retirement Fund, and Systematic Financial Management LP. View insider buying and selling activity for Western Asset Mortgage Capital.

Which institutional investors are buying Western Asset Mortgage Capital stock?

WMC stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Acadian Asset Management LLC, Two Sigma Advisers LP, JPMorgan Chase & Co., Two Sigma Investments LP, WINTON GROUP Ltd, and Jane Street Group LLC. Company insiders that have bought Western Asset Mortgage Capital stock in the last two years include Dennis Joseph Mcnamara, Harris Trifon, Jennifer Murphy, Lisa Meyer, and Sean O Johnson. View insider buying and selling activity 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, Robinhood, 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 $2.23.

How big of a company is Western Asset Mortgage Capital?

Western Asset Mortgage Capital has a market capitalization of $119.13 million and generates $217.26 million in revenue each year. The financial services provider earns $70.70 million in net income (profit) each year or $1.21 on an earnings per share basis.

What is Western Asset Mortgage Capital's official website?

The official website for Western Asset Mortgage Capital is 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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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