Last $14.85 USD
Change Today -0.79 / -5.05%
Volume 1.1M
WMC On Other Exchanges
Symbol
Exchange
New York
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

western asset mortgage capit (WMC) Snapshot

Open
$14.95
Previous Close
$15.64
Day High
$15.04
Day Low
$14.75
52 Week High
03/19/14 - $17.05
52 Week Low
05/16/14 - $13.50
Market Cap
619.5M
Average Volume 10 Days
975.2K
EPS TTM
$2.82
Shares Outstanding
41.7M
EX-Date
12/24/14
P/E TM
5.3x
Dividend
$2.80
Dividend Yield
18.45%
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.

1 Employees
Last Reported Date: 03/17/14
Founded in 2009

western asset mortgage capit (WMC) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2013.

western asset mortgage capit (WMC) Key Developments

Western Asset Mortgage Capital Corporation Declares Cash Dividend for the Fourth Quarter of 2014, Payable on January 27, 2015

Western Asset Mortgage Capital Corporation announced that its board of directors has declared a cash dividend of $0.70 per share for the fourth quarter of 2014. The dividend is payable on January 27, 2015 to common shareholders of record as of December 29, 2014, with an ex-dividend date of December 24, 2014.

Western Asset Mortgage Capital Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Western Asset Mortgage Capital Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company earned net income to common stock and participating securities of $26.14 million or $0.63 per basic and diluted share against $7.5 million or $0.31 per basic and diluted share. Net income includes $4.5 million of net unrealized loss on MBS and other securities, $4.9 million of net realized gain on MBS and other securities, and $1.6 million of net loss on derivative instruments and linked transactions. Net interest income for the period was $34.25 million against $26.4 million of prior year period. During the period, the company generated core earnings of $20.3 million or $0.49 per basic and diluted share against $20.1 million or $0.83 per basic and diluted share of prior year period. Net book value per share as of September 30, 2014 was $15.26 versus $15.31 as of June 30, 2014. Interest income was $40,718,000 compared with $30,654,000 for the same period a year ago. Core earnings was $20,304,000 or $0.49 per basic and diluted share compared with $20,135,000 or $0.83 per basic and diluted share for the same period a year ago. For the nine months ended September 30, 2014 the company reported net income to common stock and participating securities of $85.269 million or $2.35 per basic and diluted share against net loss to common stock and participating securities of $48.6 million or $2.04 basic and diluted loss per share of prior year period. Net interest income for the period was $92.9 million against $83.2 million of prior year period. Core earnings were $62.7 million or $1.73 per basic and diluted share against $65.5 million or $2.70 basic and diluted per share of prior year period. Interest income was $108,752,000 compared with $97,146,000 for the same period a year ago. Core earnings was $62,677,000 or $1.73 per basic and diluted share compared with $65,513,000 or $2.70 per basic and diluted share for the same period a year ago.

Western Asset Mortgage Capital Corporation Announces Board Changes

On October 30, 2014, the Board of Directors of Western Asset Mortgage Capital Corporation elected Ranjit M. Kripalani as a director, effective November 10, 2014. Mr. Kripalani, age 55, is a longtime executive in the financial industry with significant experience in the trading of mortgages and mortgage backed securities. Most recently, from 2009 to 2013, Mr. Kripalani served as the chief executive officer of CRT, LLC. Also on October 30, 2014, the Board elected M. Christian Mitchell as Lead Independent Director. Mr. Mitchell, who also serves as the Chairman of the Company's Audit Committee, has been a director for the Company since its initial public offering in May 2012.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WMC:US $14.85 USD -0.79

WMC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
AG Mortgage Investment Trust Inc $18.58 USD -0.12
Anworth Mortgage Asset Corp $5.31 USD -0.05
Apollo Commercial Real Estate Finance Inc $16.86 USD -0.04
Apollo Residential Mortgage Inc $16.16 USD -0.09
Resource Capital Corp $5.29 USD -0.03
View Industry Companies
 

Industry Analysis

WMC

Industry Average

Valuation WMC Industry Range
Price/Earnings 4.9x
Price/Sales 5.2x
Price/Book 1.0x
Price/Cash Flow 6.1x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WESTERN ASSET MORTGAGE CAPIT, please visit www.westernassetmcc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.