Western Asset Mortgage Capital Corporation (WMC) Earning Somewhat Favorable Press Coverage, Report Shows
Headlines about Western Asset Mortgage Capital Corporation (NYSE:WMC) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.8617097386329 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Western Asset Mortgage Capital Corporation (WMC) Ex-Dividend Date Scheduled for September 29, 2017 – Nasdaq (nasdaq.com)
- BRIEF-Western Asset Mortgage Capital Corp announces proposed public offering of convertible senior notes due 2022 (reuters.com)
- BRIEF-Western Asset Mortgage Capital announces pricing of $100,000,000 of convertible senior notes due 2022 (reuters.com)
- Western Asset Mortgage Capital Corporation Announces Pricing Of $100,000,000 Of Convertible Senior Notes Due 2022 (marketwatch.com)
- Western Asset Mortgage Capital (NYSE:WMC) Sees Light Trading Volume with 25K Shares Changing Hands – First News 24 (firstnewspaper24.com)
Western Asset Mortgage Capital Corporation (NYSE:WMC) traded down 0.29% during mid-day trading on Friday, hitting $10.47. The company had a trading volume of 639,083 shares. Western Asset Mortgage Capital Corporation has a 52-week low of $9.43 and a 52-week high of $11.18. The company has a market capitalization of $438.89 million, a P/E ratio of 12.75 and a beta of 0.71. The company has a 50-day moving average price of $10.49 and a 200 day moving average price of $10.26.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date of this dividend is Friday, September 29th. Western Asset Mortgage Capital Corporation’s dividend payout ratio is presently 151.22%.
WMC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Western Asset Mortgage Capital Corporation from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Thursday, July 27th. JMP Securities initiated coverage on shares of Western Asset Mortgage Capital Corporation in a research note on Tuesday, July 25th. They set a “market perform” rating on the stock. Finally, BidaskClub cut shares of Western Asset Mortgage Capital Corporation from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Western Asset Mortgage Capital Corporation presently has a consensus rating of “Hold” and a consensus target price of $11.00.
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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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