News coverage about Western Asset Mortgage Capital Corporation (NYSE:WMC) has trended positive on Monday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Western Asset Mortgage Capital Corporation earned a news impact score of 0.46 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- BidaskClub Lowers Western Asset Mortgage Capital Corporation (WMC) to Buy (americanbankingnews.com)
- With Shares Trading up at $10.27 (WMC) Western Asset Mortgage Capital… – Highlight Press (highlightpress.com)
- ETFs with exposure to Western Asset Mortgage Capital Corp. : July 14, 2017 (finance.yahoo.com)
- Western Asset Mortgage Capital Corporation To Report Second Quarter 2017 Financial Results – PR Newswire (press release) (prnewswire.com)
- Western Asset Mortgage Capital Corporation (WMC) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
Western Asset Mortgage Capital Corporation (WMC) opened at 10.21 on Monday. The firm has a market cap of $427.99 million, a price-to-earnings ratio of 13.65 and a beta of 0.72. The stock has a 50 day moving average of $10.32 and a 200-day moving average of $10.21. Western Asset Mortgage Capital Corporation has a 52-week low of $9.43 and a 52-week high of $11.18.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Friday, June 30th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.14%. The ex-dividend date is Wednesday, June 28th. Western Asset Mortgage Capital Corporation’s dividend payout ratio (DPR) is 167.57%.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a report on Sunday. 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. 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.40.
In related news, insider Jennifer Murphy purchased 5,000 shares of Western Asset Mortgage Capital Corporation stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $10.22 per share, with a total value of $51,100.00. Following the completion of the transaction, the insider now directly owns 37,500 shares of the company’s stock, valued at $383,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by corporate 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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