News coverage about Western Asset Mortgage Capital Corporation (NYSE:WMC) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western Asset Mortgage Capital Corporation earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.9592895215141 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Western Asset Mortgage Capital Corporation (WMC) traded down 0.38% during trading on Thursday, reaching $10.57. 163,770 shares of the company were exchanged. Western Asset Mortgage Capital Corporation has a one year low of $9.43 and a one year high of $11.18. The company has a 50 day moving average price of $10.54 and a 200-day moving average price of $10.35. The stock has a market capitalization of $443.08 million, a price-to-earnings ratio of 12.87 and a beta of 0.71.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 11.73%. The ex-dividend date is Friday, September 29th. Western Asset Mortgage Capital Corporation’s dividend payout ratio is 151.22%.
A number of equities analysts have recently commented on WMC shares. Zacks Investment Research raised shares of Western Asset Mortgage Capital Corporation from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Thursday, July 27th. JMP Securities initiated coverage on shares of Western Asset Mortgage Capital Corporation in a research report on Tuesday, July 25th. They set a “market perform” rating on the stock. Finally, BidaskClub lowered shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Western Asset Mortgage Capital Corporation presently has a consensus rating of “Hold” and an average target price of $11.00.
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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