Western Asset Mortgage Capital Corporation (NYSE:WMC) issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.53, reports. Western Asset Mortgage Capital Corporation had a net margin of 30.83% and a return on equity of 5.97%. The company had revenue of $27.27 million during the quarter, compared to the consensus estimate of $19.74 million.
Western Asset Mortgage Capital Corporation (NYSE WMC) opened at 10.57 on Friday. Western Asset Mortgage Capital Corporation has a 52 week low of $9.43 and a 52 week high of $11.18. The company’s 50-day moving average price is $10.37 and its 200 day moving average price is $10.23. The company has a market capitalization of $443.08 million, a PE ratio of 12.87 and a beta of 0.72.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, June 30th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 11.73%. The ex-dividend date of this dividend was Wednesday, June 28th. Western Asset Mortgage Capital Corporation’s dividend payout ratio (DPR) is presently 151.22%.
WMC has been the subject of several recent research reports. BidaskClub downgraded shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research raised shares of Western Asset Mortgage Capital Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. JMP Securities began coverage on shares of Western Asset Mortgage Capital Corporation in a research report on Tuesday, July 25th. They set a “market perform” rating for the company. Finally, TheStreet raised shares of Western Asset Mortgage Capital Corporation from a “d” rating to a “c” rating in a research report on Thursday, May 4th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Western Asset Mortgage Capital Corporation currently has a consensus rating of “Hold” and a consensus price target of $11.00.
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In other Western Asset Mortgage Capital Corporation news, insider Jennifer Murphy acquired 5,000 shares of Western Asset Mortgage Capital Corporation stock in a transaction on Tuesday, May 30th. The shares were bought at an average price of $10.22 per share, with a total value of $51,100.00. Following the completion of the purchase, the insider now owns 37,500 shares in the company, valued at $383,250. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by insiders.
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.
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