News Spotlight: Western Asset Mortgage Capital Corporation (NYSE:WMC)

Western Asset Mortgage Capital Corporation (NYSE:WMC) stock identified change of 20.70% away from 52-week low price and recently located move of -12.00% off 52-week high price. It has market worth of $529.01M and dividend yield of 12.44%. WMC stock has been recorded 1.16% away from 50 day moving average and 0.71% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.16% off 20-day moving average.

On Sept. 19, 2019, Western Asset Mortgage Capital Corporation (NYSE:WMC) disclosed that its Board of Directors has declared a cash dividend of $0.31 per share for the third quarter of 2019. ‘s dividend is payable on October 25, 2019 to common shareholders of record as of September 30, 2019, with an ex-dividend date of September 27, 2019.

In addition, the Company estimates that its book value per share, as of August 31, 2019, was approximately $10.54. The August 31, 2019 estimated book value is unaudited, has not been verified or reviewed by any third party and is subject to normal quarterly reconciliation and other procedures. Further, the estimated book value is as of August 31, 2019 and does not include the dividend disclosed. Book value will fluctuate with market conditions, the results of the Company’s operations and other factors. The Company’s current book value may be materially different from the August 31, 2019 estimated book value.


Western Asset Mortgage Capital Corporation is a real estate investment trust that invests in, acquires and manages a diverse portfolio of assets consisting of Agency CMBS, Agency RMBS, Non-Agency RMBS, Non-Agency CMBS, ABS, GSE Risk Transfer Securities, Residential Whole and Bridge Loans and Commercial Loans. The Company’s investment strategy may change, subject to the Company’s stated investment guidelines, and is based on its manager Western Asset Management Company, LLC’s perspective of which mix of portfolio assets it believes provide the Company with the best risk-reward opportunities at any given time. The Company is externally managed and advised by Western Asset Management Company, LLC, an investment advisor registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Legg Mason.The Financial sector company, Western Asset Mortgage Capital Corporation noticed change of 0.30% to $9.97 along volume of 225482 shares in recent session compared to an average volume of 354.73K. The stock observed return of 1.42% in 5 days trading activity. The stock was at 3.10% over one month performance. WMC’s shares are at 0.30% for the quarter and driving a -11.46% return over the course of the past year and is now at 19.54% since this point in 2018.

The average volatility for the week at 1.21% and for month was at 1.53%. There are 53.06M shares outstanding and 52.86M shares are floated in market. Right now the stock beta is 0.74.

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