Western Asset Mortgage Capital Corporation (WMC) Scheduled to Post Earnings on Tuesday
Western Asset Mortgage Capital Corporation (NYSE:WMC) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Western Asset Mortgage Capital Corporation to post earnings of $0.33 per share for the quarter.
Shares of Western Asset Mortgage Capital Corporation (NYSE WMC) opened at 10.07 on Tuesday. The stock has a market capitalization of $422.12 million, a P/E ratio of 12.27 and a beta of 0.71. The company’s 50-day moving average is $10.55 and its 200 day moving average is $10.41. Western Asset Mortgage Capital Corporation has a 52 week low of $9.43 and a 52 week high of $11.18.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Investors of record on Monday, October 2nd were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.24 annualized dividend and a yield of 12.31%. Western Asset Mortgage Capital Corporation’s payout ratio is 151.22%.
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Several research firms recently commented on WMC. Zacks Investment Research lowered shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub lowered shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Finally, JMP Securities began coverage on shares of Western Asset Mortgage Capital Corporation in a report on Tuesday, July 25th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.00.
Western Asset Mortgage Capital Corporation Company Profile
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.
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