Western Asset Mortgage Capital Corporation (NYSE:WMC) real estate investment trust, is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.07 per share.
Looking ahead, the full year income are expected at $ 0.53 per share on the revenues of $ 54.30 million.
Previous Quarter Performance
Western Asset Mortgage Capital Corporation unfold income for the second quarter of $ 0.11 per share, from the revenue of $ 8.54 million. The consensus estimates are income of $ 0.03 per share from $ 0.70 million in revenue.. The bottom line results beat street analysts by $ 0.08 or 266.67 percent.
Stock Performance
Shares of Western Asset Mortgage Capital Corporation traded low $ -0.06 or -2.91 percent on Wednesday, reaching $ 2.00 with volume of 519.20 thousand shares. Western Asset Mortgage Capital Corporation has traded high as $ 2.07 and has cracked $ 1.98 on the downward trend
The closing price of $ 2.00, representing a 50.36 % increase from the 52 week low of $ 1.37 and a 81.82 % decrease over the 52 week high of $ 11.33.
The company has a market capital of $ 121.63 million and is part of the Real Estate sector and REIT – Diversified industry.
Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets. The company qualifies as a real estate investment trust for federal income tax purposes.
