Zacks Investment Research cut shares of Western Asset Mortgage Capital Corporation (NYSE:WMC) from a hold rating to a sell rating in a report issued on Saturday morning.

According to Zacks, “Western Asset Mortgage Capital Corporation is focused on investing in, financing and managing primarily residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency or federally chartered corporation. Western Asset Mortgage Capital Corporation is headquartered in Pasadena, California. “

Several other research analysts have also recently commented on the company. JMP Securities began coverage on Western Asset Mortgage Capital Corporation in a research report on Tuesday, July 25th. They set a market perform rating for the company. BidaskClub cut Western Asset Mortgage Capital Corporation from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $11.00.

Western Asset Mortgage Capital Corporation (WMC) opened at $9.64 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 has a current ratio of 128.12, a quick ratio of 128.12 and a debt-to-equity ratio of 7.34. The company has a market capitalization of $404.11, a P/E ratio of 53.56 and a beta of 0.68.

Western Asset Mortgage Capital Corporation (NYSE:WMC) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Western Asset Mortgage Capital Corporation had a net margin of 18.57% and a return on equity of 1.81%. The company had revenue of $18.57 million for the quarter, compared to analyst estimates of $17.10 million. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis. equities analysts predict that Western Asset Mortgage Capital Corporation will post 1.18 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Monday, October 2nd were given a $0.31 dividend. The ex-dividend date was Friday, September 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.86%. Western Asset Mortgage Capital Corporation’s payout ratio is 210.17%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Western Asset Mortgage Capital Corporation by 4.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,073 shares of the financial services provider’s stock valued at $114,000 after buying an additional 490 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Western Asset Mortgage Capital Corporation by 73.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,307 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 4,786 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Western Asset Mortgage Capital Corporation during the 2nd quarter worth approximately $150,000. Capital Fund Management S.A. acquired a new stake in Western Asset Mortgage Capital Corporation during the 2nd quarter worth approximately $198,000. Finally, Susquehanna International Group LLP lifted its holdings in Western Asset Mortgage Capital Corporation by 240.2% during the 2nd quarter. Susquehanna International Group LLP now owns 20,042 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 34,342 shares during the last quarter. 40.73% of the stock is owned by institutional investors.

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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