The stock of Western Asset Mortgage Capital Corp (NYSE:WMC) is a huge mover today! The stock decreased 2.48% or $0.27 on September 30, hitting $10.42. Western Asset Mortgage Capital Corp (NYSE:WMC) has declined 3.61% since February 29, 2016 and is downtrending. It has underperformed by 14.03% the S&P500.
The move comes after 5 months negative chart setup for the $434.80 million company. It was reported on Oct, 1 by Barchart.com. We have $9.17 PT which if reached, will make NYSE:WMC worth $52.18 million less.
Analysts await Western Asset Mortgage Capital Corp (NYSE:WMC) to report earnings on November, 2. They expect $0.28 earnings per share, down 40.43% or $0.19 from last year’s $0.47 per share. WMC’s profit will be $11.68 million for 9.30 P/E if the $0.28 EPS becomes a reality. After $0.27 actual earnings per share reported by Western Asset Mortgage Capital Corp for the previous quarter, Wall Street now forecasts 3.70% EPS growth.
Western Asset Mortgage Capital Corp (NYSE:WMC) Ratings Coverage
Out of 7 analysts covering Western Asset Mortgage Capital (NYSE:WMC), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Western Asset Mortgage Capital has been the topic of 12 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Friday, August 5 the stock rating was upgraded by Wunderlich to “Buy”. The stock has “Hold” rating given by Deutsche Bank on Wednesday, August 10. The firm earned “Underperform” rating on Monday, April 11 by Wells Fargo. The stock of Western Asset Mortgage Capital Corp (NYSE:WMC) earned “Sell” rating by Wunderlich on Tuesday, May 10. Citigroup maintained it with “Neutral” rating and $10 target price in Wednesday, August 17 report. The stock of Western Asset Mortgage Capital Corp (NYSE:WMC) earned “Hold” rating by Wunderlich on Friday, November 6. The company was maintained on Thursday, August 6 by Deutsche Bank. The stock has “Hold” rating given by Wunderlich on Monday, June 27. The stock of Western Asset Mortgage Capital Corp (NYSE:WMC) has “Neutral” rating given on Wednesday, June 29 by Bank of America.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.78 in Q2 2016. Its down 0.46, from 1.24 in 2016Q1. The ratio worsened, 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.
Cambridge Inv Research Advisors has invested 0.01% of its portfolio in Western Asset Mortgage Capital Corp (NYSE:WMC). Allianz Asset Ag holds 32,478 shares or 0% of its portfolio. Blackrock Advsrs Ltd Co last reported 22,925 shares in the company. Swiss Fincl Bank reported 75,832 shares or 0% of all its holdings. Blackrock Inv Limited Liability Corporation holds 0% or 181,615 shares in its portfolio. Great West Life Assurance Can has 7,300 shares for 0% of their US portfolio. Voya Investment Ltd Llc, a Georgia-based fund reported 19,588 shares. Rhumbline Advisers, a Massachusetts-based fund reported 50,007 shares. New York State Common Retirement Fund owns 38,300 shares or 0% of their US portfolio. Aperio Grp Ltd Llc reported 22,225 shares or 0% of all its holdings. Parametric Portfolio Lc last reported 0% of its portfolio in the stock. Raymond James Associate last reported 97,000 shares in the company. Moreover, Wellington Management Gru Inc Llp has 0% invested in Western Asset Mortgage Capital Corp (NYSE:WMC) for 46,272 shares. Guggenheim Ltd Llc holds 0% of its portfolio in Western Asset Mortgage Capital Corp (NYSE:WMC) for 97,360 shares. Teacher Retirement System Of Texas accumulated 0% or 5,859 shares.
Insider Transactions: Since September 14, 2016, the stock had 1 buying transaction, and 0 insider sales for $8,052 net activity. The insider Meyer Lisa bought $8,052.
More notable recent Western Asset Mortgage Capital Corp (NYSE:WMC) news were published by: Prnewswire.com which released: “Western Asset Mortgage Capital Corporation Declares Third Quarter Dividend Of …” on September 22, 2016, also Marketwatch.com with their article: “Western Asset Mortgage Capital Corp.” published on September 28, 2011, Prnewswire.com published: “Western Asset Mortgage Capital Corporation Announces Tax Characteristics Of …” on February 02, 2016. More interesting news about Western Asset Mortgage Capital Corp (NYSE:WMC) were released by: Nasdaq.com and their article: “Western Asset Mortgage Capital Corporation (WMC) Ex-Dividend Date Scheduled …” published on September 29, 2016 as well as Seekingalpha.com‘s news article titled: “Optimism On Steroids: Western Asset Mortgage Capital” with publication date: August 07, 2016.
WMC Company Profile
Western Asset Mortgage Capital Corporation, incorporated on June 3, 2009, 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’s portfolio consists of Agency residential mortgage-backed securities (RMBS) (including To-Be-Announced securities (TBAs)), Non-Agency RMBS, Agency and Non-Agency commercial mortgage-backed securities (CMBS), and Whole-Loans. 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. The Firm is externally managed and advised by Western Asset Management Company.
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