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Last $15.10 USD
Change Today -0.06 / -0.40%
Volume 343.0K
WMC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

western asset mortgage capit (WMC) Snapshot

Open
$15.15
Previous Close
$15.16
Day High
$15.15
Day Low
$15.02
52 Week High
12/3/14 - $15.81
52 Week Low
01/15/15 - $13.25
Market Cap
633.0M
Average Volume 10 Days
406.5K
EPS TTM
$6.73
Shares Outstanding
41.9M
EX-Date
04/1/15
P/E TM
2.2x
Dividend
$2.68
Dividend Yield
18.15%
Current Stock Chart for WESTERN ASSET MORTGAGE CAPIT (WMC)

western asset mortgage capit (WMC) Related Businessweek News

No Related Businessweek News Found

western asset mortgage capit (WMC) Details

Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It primarily focuses on investing in, financing, and managing agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities. 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. The company was founded in 2009 and is based in Pasadena, California.

Founded in 2009

western asset mortgage capit (WMC) Top Compensated Officers

Chief Financial Officer and Treasurer
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2014.

western asset mortgage capit (WMC) Key Developments

Western Asset Mortgage Capital Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Western Asset Mortgage Capital Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company recorded GAAP net income of $14.1 million, or $0.34 per basic and diluted share. This compares to net income of $15.4 million, or $0.37 per basic and diluted share for the fourth quarter ended December 31, 2014. During the first quarter of 2015, the company generated core earnings plus drop income of $34.4 million, or $0.82 per basic and diluted share. This compares to core earnings plus drop income of $36.4 million, or $0.87 per basic and diluted share for the fourth quarter ended December 31, 2014. Net interest income was $34,404,000 compared to $20,040,000 a year ago. Return on book value was 1.9% for the quarter, which included a $0.67 per share dividend, enabling company to remain the highest-yielding mortgage REIT in the sector and that's based on May 5, 2015 closing prices. The increase in the net interest income was primarily due to lower hedge adjusted borrowing cost resulting from the duration management during the quarter. Book value per share as of March 31, 2015 was $14.55, which takes into account the $0.67 regular cash dividend that company declared on March 26, 2015, and paid on April 28, 2015.

Western Asset Mortgage Capital Corporation to Report Q1, 2015 Results on May 06, 2015

Western Asset Mortgage Capital Corporation announced that they will report Q1, 2015 results at 11:00 AM, US Eastern Standard Time on May 06, 2015

Western Asset Mortgage Capital Corporation, Q1 2015 Earnings Call, May 06, 2015

Western Asset Mortgage Capital Corporation, Q1 2015 Earnings Call, May 06, 2015

 

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WMC:US $15.10 USD -0.06

WMC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AG Mortgage Investment Trust Inc $18.92 USD -0.06
Apollo Residential Mortgage Inc $15.75 USD -0.07
Capstead Mortgage Corp $11.86 USD -0.04
Resource Capital Corp $4.23 USD -0.04
United Development Funding IV $17.50 USD -0.01
View Industry Companies
 

Industry Analysis

WMC

Industry Average

Valuation WMC Industry Range
Price/Earnings 5.1x
Price/Sales 4.5x
Price/Book 1.0x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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