Equities analysts expect Western Asset Mortgage Capital Corp (NYSE:WMC) to post $0.32 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Western Asset Mortgage Capital’s earnings. Western Asset Mortgage Capital reported earnings of $0.34 per share during the same quarter last year, which suggests a negative year over year growth rate of 5.9%. The business is expected to report its next quarterly earnings report on Monday, May 6th.
On average, analysts expect that Western Asset Mortgage Capital will report full-year earnings of $1.29 per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.30 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Western Asset Mortgage Capital.
Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods began coverage on shares of Western Asset Mortgage Capital in a research report on Sunday, March 17th. They set a “market perform” rating and a $10.50 price objective on the stock. Zacks Investment Research upgraded shares of Western Asset Mortgage Capital from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, March 21st.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Western Asset Mortgage Capital by 16.7% in the fourth quarter. BlackRock Inc. now owns 4,811,162 shares of the financial services provider’s stock valued at $40,125,000 after acquiring an additional 689,764 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Western Asset Mortgage Capital by 48.7% in the 3rd quarter. Renaissance Technologies LLC now owns 2,019,910 shares of the financial services provider’s stock valued at $20,239,000 after buying an additional 661,810 shares during the period. Vanguard Group Inc grew its position in shares of Western Asset Mortgage Capital by 14.1% during the 3rd quarter. Vanguard Group Inc now owns 2,080,151 shares of the financial services provider’s stock valued at $20,843,000 after buying an additional 257,111 shares during the last quarter. Vanguard Group Inc. raised its stake in Western Asset Mortgage Capital by 14.1% during the third quarter. Vanguard Group Inc. now owns 2,080,151 shares of the financial services provider’s stock worth $20,843,000 after acquiring an additional 257,111 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in Western Asset Mortgage Capital in the third quarter worth about $2,505,000. 46.93% of the stock is currently owned by institutional investors and hedge funds.
WMC stock traded up $0.05 during midday trading on Monday, hitting $10.37. The company’s stock had a trading volume of 235,400 shares, compared to its average volume of 331,493. The company has a debt-to-equity ratio of 7.71, a current ratio of 683.24 and a quick ratio of 683.24. Western Asset Mortgage Capital has a 12 month low of $8.26 and a 12 month high of $11.38. The company has a market capitalization of $496.60 million, a price-to-earnings ratio of 7.63 and a beta of 0.74.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.96%. The ex-dividend date of this dividend is Friday, March 29th. Western Asset Mortgage Capital’s dividend payout ratio (DPR) is presently 91.18%.
Western Asset Mortgage Capital Company Profile
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.
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