Western Asset Mortgage Capital

Western Asset Mortgage Capital Corp. operates as a real estate investment trust. The firm engages in managing a diversified portfolio of assets. It focuses on investing in, financing and managing real estate related securities, whole loans and other financial assets. The company was founded on June 3, 2009 and is headquartered in Salt Lake City, UT.

Earnings data Q4 2019

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Western Asset Mortgage Capital reports Q4 declines, eyes strategic reshaping

Western Asset Mortgage Capital (WMC) faced declines in book value per share and distributable earnings in Q4 2022. Despite challenges in stabilizing earnings, the company showcased strengths in its non-QM portfolio performance and stable commercial holdings. Opportunities lie in the ongoing strategic review process and potential for reshaping the company's future through enhanced shareholder value.

Western Asset Mortgage Capital (WMC) reports growth and explores strategic options

Western Asset Mortgage Capital (WMC) delivered a solid performance in Q1 2023, marked by increased book values and distributable earnings.
The company's strategic review for a potential sale or merger aims to enhance shareholder value and drive future growth.
Despite challenges such as debt reduction and economic uncertainties, WMC remains focused on financial stability and portfolio performance.

Western Asset Mortgage Capital announces merger with MITT, strategic outlook

WMC's Q2 2023 earnings call highlighted the merger with MITT, offering shareholders a premium and strategic benefits. While facing challenges in earnings and book value, the company aims to capitalize on opportunities for cost savings and growth. Maintaining the dividend reflects stability amidst changes in the residential mortgage credit market.

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Western Asset Mortgage Capital is a  financial REIT company. They offer  aims to provide attractive risk-adjusted returns to its investors over the long-term across market conditions and economic cycles.

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7 Best Penny Stock REITs to Buy with High Dividend Yields

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.06 per share for the second quarter of 2021. Today's dividend is payable on July 26, 2021 to common shareholders of record as of July 02, 2021, with an ex-dividend date of June 30, 2021. In addition, the Company estimates that its GAAP book value per share, as of May 31, 2021, was approximately $3.49. The May 31,

Western Asset Mortgage Capital Corporation Declares Second Quarter Dividend of $0.06 Per Share

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Western Asset Mortgage Capital Corporation (WMC) CEO Jennifer Murphy on Q1 2021 Results - Earnings Call Transcript

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the first quarter ended March 31, 2021. FIRST QUARTER 2021 FINANCIAL HIGHLIGHTS During the first quarter we continued strengthening our balance sheet by reducing debt and leverage, while improving liquidity and shareholders' equity. First quarter financial results and highlights included the following: GAAP book value per share was $4.27 at March 31,

Western Asset Mortgage Capital Corporation Announces First Quarter 2021 Results

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the first quarter ended March 31, 2021 after the market closes on Wednesday, May 5, 2021. The Company will host a corresponding conference call with a live webcast on Thursday, May 6, 2021 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions. Individuals interested in participating in the

Western Asset Mortgage Capital Corporation to Report First Quarter 2021 Financial Results

The Commercial portfolio will likely increase in size this year on the back of an economic recovery.

Western Asset Mortgage Capital: Over 7% Dividend Yield, Positive Outlook For Net Interest Income

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.06 per share for the first quarter of 2021. Today's dividend is payable on April 26, 2021 to common shareholders of record as of April 2, 2021, with an ex-dividend date of March 31, 2021. In addition, the Company estimates that its GAAP book value per share, as of February 28, 2021, was approximately $4.08. The F

Western Asset Mortgage Capital Corporation Declares First Quarter Dividend of $0.06 Per Share

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Western Asset Mortgage Capital Corporation (WMC) CEO Jennifer Murphy on Q4 2020 Results - Earnings Call Transcript

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company” or "WMC") (NYSE: WMC) today reported its results for the fourth quarter and the year ended December 31, 2020. FOURTH QUARTER 2020 FINANCIAL HIGHLIGHTS GAAP book value per share of $4.20, increased $0.13 from $4.07 in the third quarter GAAP net income of $10.8 million, or $0.18 per basic and diluted share. Core earnings of $7.2 million, or $0.12 per basic and diluted share.1 Economic return on book value

Western Asset Mortgage Capital Corporation Announces Fourth Quarter and Full Year 2020 Results

On Wednesday, March 03, Western Asset Mortgage (NYSE:WMC) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings Outlook For Western Asset Mortgage

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today the tax treatment of its common stock dividends declared in 2020. The below information is provided to assist the Company's stockholders with tax reporting requirements related to dividend distribution of taxable income by the Company. Stockholders should receive IRS Form 1099-DIV containing this information from their brokers, transfer agents or other institutions. These ta

Western Asset Mortgage Capital Corporation Announces Tax Characteristics of 2020 Dividends

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the fourth quarter and year ended December 31, 2020 after the market closes on Wednesday, March 3, 2021. The Company will host a corresponding conference call with a live webcast on Thursday, March 4, 2021 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results and answer questions. Individuals interested in part

Western Asset Mortgage Capital Corporation to Report Fourth Quarter and Full Year 2020 Financial Results

The collection of interest income will likely improve in 2021 as some residential borrowers will return to payment. WMC has high exposure to hotels, which are a major cause of concern. Further, the mortgage REIT has exposure to nursing home loans and entertainment and retail loans.

Western Asset Mortgage Capital: Risks From Commercial Portfolio In The Limelight

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that the Board of Directors of the Company has appointed Sean Johnson and Greg Handler to serve as interim Co-Chief Investment Officers effective January 8, 2021. Mr. Johnson currently serves as Deputy Chief Investment Officer of the Company and has been an integral part of the Company's investment team since its initial public offering in 2012. He joined Western Asset Manag

Western Asset Mortgage Capital Corporation Announces Co-Chief Investment Officer Appointments and Provides a Note Repurchase Update

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.06 per share for the fourth quarter of 2020. Today's dividend is payable on January 26, 2021 to common shareholders of record as of December 28, 2020, with an ex-dividend date of December 24, 2020. In addition, the Company estimates that its GAAP book value per share, as of November 30, 2020, was approximately $4

Western Asset Mortgage Capital Corporation Declares Fourth Quarter Dividend of $0.06 Per Share

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Western Asset Mortgage Capital Corporation (WMC) CEO Jennifer Murphy on Q3 2020 Results - Earnings Call Transcript

PASADENA, Calif., Nov. 5, 2020 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company" or "WMC") (NYSE: WMC) today reported its results for the third quarter ended September 30, 2020. THIRD QUARTER 2020 FINANCIAL RESULTS We made further progress towards strengthening our...

Western Asset Mortgage Capital Corporation Announces Third Quarter 2020 Results

We're highlighting Western Asset Mortgage Capital Corp., a very rare entry in our columns. We're highlighting it because shares are in the neutral range. Shares are getting much closer to the target buy range, and are now quite far from our prior Sell ratings.

One Terrible Mortgage REIT Suffered Enough

Things really fell apart for much of the sector in Q1 with big margin calls and severe book value erosion.

Western Asset Mortgage: Survival Mode

PASADENA, Calif., Oct. 9, 2020 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company") (NYSE: WMC) today announced that it will release financial results for the third quarter ended September 30, 2020 after the market closes on Thursday, November 5, 2020. The Company...

Western Asset Mortgage Capital Corporation To Report Third Quarter 2020 Financial Results

PASADENA, Calif., Sept. 22, 2020 /PRNewswire/ -- Western Asset Mortgage Capital Corporation (the "Company") (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.05 per share for the third quarter of 2020. Today's dividend is payable on October 26,...

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