stoxline Quote Chart Rank Option Currency Glossary
  
Momentum Stock Watch: Western Asset Mortgage Capital Corporation (WMC)

-- Saturday, June 11, 2022, 11:21 --

Company Profile:

Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests in, acquires, and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other related investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Western Asset Mortgage Capital Corporation was incorporated in 2009 and is based in Salt Lake City, Utah.

Recent News:

As of March 31, 2022, the Company owned an aggregate investment portfolio with a fair market value totaling $2.6 billion. The Company’s focus on residential real estate related investments will include but is not limited to non-qualified residential whole loans (“Non-QM Loans”), non-agency RMBS, and other related assets. The Company believes this focus will allow it to address attractive market opportunities.

On March 23, 2022, the company announced that its Board of Directors has declared a cash dividend of $0.04 per share for the first quarter of 2022.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects:

Price to Book Value – P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.

@@@@@

Price to Earnings – PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).

@@@@@

Discounted cash flow – DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.

@@@@@

Return on Assets – ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.

@@@@@

Return on Equity – ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.

@@@@@

Debt to Equity – evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.

@@@@@

Conclusion:

WMC receives outperform rating in price to book value, discounted cash flow and debt to equity. Technical indicators signal the bullish signs, as there is a bullish crossover in the MACD and the Stochastic oscillator. The RSI stands at 47.3 with positive bias. We rate Western Asset Mortgage Capital Corporation (WMC) a STRONG BUY.

StockChart iOS

StoxlineLite iOS

StoxlineLite iOS

OptionCalc iOS

StockChart Android

StoxlineLite Android

StoxlinePro Android

OptionCalc Android