Western Asset Mortgage Capital Corporation (NYSE:WMC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.53, reports. Western Asset Mortgage Capital Corporation had a net margin of 30.09% and a return on equity of 6.96%.

Shares of Western Asset Mortgage Capital Corporation (NYSE WMC) traded up 2.02% during trading on Tuesday, reaching $10.63. 306,554 shares of the company traded hands. Western Asset Mortgage Capital Corporation has a 12-month low of $9.43 and a 12-month high of $11.18. The firm’s 50-day moving average is $10.38 and its 200-day moving average is $10.20. The stock has a market capitalization of $445.60 million, a PE ratio of 14.21 and a beta of 0.72.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, June 30th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 11.67%. The ex-dividend date of this dividend was Wednesday, June 28th. Western Asset Mortgage Capital Corporation’s payout ratio is 167.57%.

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A number of analysts have recently weighed in on WMC shares. Zacks Investment Research raised shares of Western Asset Mortgage Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. TheStreet raised shares of Western Asset Mortgage Capital Corporation from a “d” rating to a “c” rating in a report on Thursday, May 4th. JMP Securities started coverage on shares of Western Asset Mortgage Capital Corporation in a report on Tuesday, July 25th. They set a “market perform” rating for the company. Finally, BidaskClub downgraded shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.60.

In other news, insider Jennifer Murphy purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price of $10.22 per share, for a total transaction of $51,100.00. Following the completion of the purchase, the insider now owns 37,500 shares in the company, valued at approximately $383,250. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.36% of the company’s stock.

About Western Asset Mortgage Capital Corporation

Western Asset Mortgage Capital Corporation is a real estate investment trust. The Company is focused on investing in, financing and managing a diversified portfolio of real estate-related securities, whole-loans and other financial assets. The Company’s portfolio includes Agency residential mortgage-backed securities (RMBS), including Mortgage pass-through certificates, Agency derivatives, Agency Interest-Only Strips and Agency collateralized mortgage obligations (CMOs); Non-Agency RMBS, and Agency commercial mortgage-backed securities (CMBS), Non-Agency CMBS, Non United States CMBS and asset-backed securities (ABS), as well as Residential and Commercial Whole-Loans.

Earnings History for Western Asset Mortgage Capital Corporation (NYSE:WMC)

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