Western Asset Mortgage Capital Corporation (NYSE:WMC) expected to pay $0.31 on Oct 25, 2016

Western Asset Mortgage Capital Corporation (NYSE:WMC) is expected to pay $0.31 on Oct 25, 2016. The indicated annual dividend is $1.24. Shareholders owning the stock before Sep 30, 2016 will be eligible to receive the payout. Based on Western Asset Mortgage Capital Corporation’s current price of $10.70, the dividend is 2.90%. This dividend’s record date is Oct 4, 2016 and the announcement date is Sep 23, 2016. The stock increased 0.19% or $0.02 on September 28, hitting $10.7. Western Asset Mortgage Capital Corp (NYSE:WMC) has declined 0.65% since February 25, 2016 and is downtrending. It has underperformed by 11.91% the S&P500.

Western Asset Mortgage Capital Corporation is a real estate investment trust focused on investing in, financing and managing a portfolio of real estate related securities, whole-loans and other financial assets. The company has a market cap of $446.48 million. The Company’s portfolio consists of Agency residential mortgage-backed securities (including To-Be-Announced securities (TBAs)), Non-Agency RMBS, Agency and Non-Agency commercial mortgage-backed securities (CMBS), and Whole-Loans. It currently has negative earnings. In addition, the Company also invests in other securities, including certain Agency obligations that are not technically mortgage-backed securities (MBS), as well as in certain Non-United States CMBS and asset-backed securities (ABS) investments secured by a portfolio private student loans.

Insitutional Activity: The institutional sentiment decreased to 0.78 in 2016 Q2. Its down 0.46, from 1.24 in 2016Q1. The ratio fall, as 13 funds sold all Western Asset Mortgage Capital Corp shares owned while 28 reduced positions. 2 funds bought stakes while 30 increased positions. They now own 12.84 million shares or 6.20% more from 12.09 million shares in 2016Q1.

Kennedy Capital Management Inc. holds 0.06% of its portfolio in Western Asset Mortgage Capital Corp for 324,975 shares. Menta Capital Llc owns 44,600 shares or 0.06% of their US portfolio. Moreover, Cetera Advisors Llc has 0.03% invested in the company for 37,475 shares. The Illinois-based Goodwin Daniel L has invested 0.03% in the stock. Bbr Partners Llc, a New York-based fund reported 14,251 shares.

Out of 6 analysts covering Western Asset Mortgage (NYSE:WMC), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Western Asset Mortgage has been the topic of 10 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Wunderlich upgraded the stock on August 5 to “Buy” rating.

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