Western Asset Mortgage Capital Corp | REIT Profile

Symbol: WMC
CIK: 1465885
Exchange: NYSE
Founded: 1971 (50 years)
HQ: Pasadena, CA, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Mortgage
Externally Managed REIT

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See WMC on SEC.gov

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Overall Score: 3.4

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 30, 2021


Open Price: $2.29
Closing Price: $2.21
Price Change: -0.04 (-1.778%)
Lowest Price: $2.21
Highest Price: $2.29

52-Week Low: $2.10
52-Week High: $4.02
52-Week Change: -20.79%

5 Day Price Change: 2.27%
1 Month Price Change: -10.71%
3 Month Price Change: -18.62%
6 Month Price Change: -29.12%
YTD Price Change: -26.70%
1 Year Price Change: -26.09%
2 Year Price Change: -75.03%
5 Year Price Change: -65.60%

Dividend of Trading Day November 30, 2021


Dividend Yield: 10.86%*
Annualized Dividend: $0.24*
Dividend Yield (TTM): 10.34%
Annualized Dividend (TTM): $0.2327
Ex-Dividend Date: 2021-10-01
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Key Stats of Trading Day November 30, 2021


Total Cash: N/A
Current Debt: $2,598,487,000
Revenue: $175,071,000
Gross Profit: $175,071,000
Total Revenue: $175,071,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $-27,347,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 13.46
Profit Margin: -0.15%
Enterprise Value (EV): $136,934,804
Enterprise Value to Revenue (EV/R): 0.78
Price to Sales (P/S): 0.78
Price to Book (P/B): 0.65
Price/Earnings-to-Growth (PEG) Ratio: -0.06
P/E Ratio: -5.00
P/E High: -3.27
P/E Low: -5.08
Forward P/E Ratio: 8.65
Market Capitalization: $134,500,408
Beta: 1.01
Latest Volume: 824,424
Avg. Total Volume: 565,643
Avg. 10-Day Volume: 565,561
Avg. 30-Day Volume: 565,643
TTM EPS: -0.44
Shares Outstanding: 60,859,913
Float: N/A
50-Day Moving Avg.: $2.45
200-Day Moving Avg.: $2.82

Latest REIT Community Comments on #WMC


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REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $10.13 per share you would have been able to buy 98 shares of WMC on 2020-12-01 costing $992.74 @ $10.13 per share you would have been able to buy 49 shares of WMC on 2020-12-01 costing $496.37 @ $10.13 per share you would have been able to buy 24 shares of WMC on 2020-12-01 costing $243.12 @ $10.13 per share you would have been able to buy 9 shares of WMC on 2020-12-01 costing $91.17 @ $10.13 per share you would have been able to buy 4 shares of WMC on 2020-12-01 costing $40.52
Current worth On 2021-11-30 these 98 shares would be worth $216.58 @ $2.21 On 2021-11-30 these 49 shares would be worth $108.29 @ $2.21 On 2021-11-30 these 24 shares would be worth $53.04 @ $2.21 On 2021-11-30 these 9 shares would be worth $19.89 @ $2.21 On 2021-11-30 these 4 shares would be worth $8.84 @ $2.21
Dividends earned $29.40 in dividends would have been earned since 2020-12-01 with 98 shares. $15 in dividends would have been earned since 2020-12-01 with 49 shares. $7.20 in dividends would have been earned since 2020-12-01 with 24 shares. $2.70 in dividends would have been earned since 2020-12-01 with 9 shares. $1.20 in dividends would have been earned since 2020-12-01 with 49 shares.
Net (gain / loss)* -746.76 USD -373.38 USD -182.88 USD -68.58 USD -30.48 USD
ROI** -75.22% -75.22% -75.22% -75.22% -75.22%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by WMC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
WMC 2021-10-01 0.060 --- 2021-09-23 2021-10-04 2021-10-26
WMC 2021-07-01 0.060 --- 2021-06-22 2021-07-02 2021-07-26
WMC 2021-06-30 0.060 --- 2021-06-22 2021-07-02 2021-07-26
WMC 2021-03-31 0.060 --- 2021-03-23 2021-04-02 2021-04-26
WMC 2020-12-24 0.060 20.00% 2020-12-17 2020-12-28 2021-01-26
WMC 2020-10-01 0.050 -83.87% 2020-09-22 2020-10-02 2020-10-26
WMC 2019-12-27 0.310 --- 2019-12-19 2019-12-30 2020-01-24
WMC 2019-09-27 0.310 --- 2019-09-19 2019-09-30 2019-10-25
WMC 2019-06-28 0.310 --- 2019-06-20 2019-07-01 2019-07-26
WMC 2019-03-29 0.310 --- 2019-03-21 2019-04-01 2019-04-26
WMC 2018-12-28 0.310 --- 2018-12-19 2018-12-31 2019-01-25
WMC 2018-09-26 0.310 --- 2018-09-17 2018-09-27 2018-10-26
WMC 2018-06-29 0.310 --- 2018-06-21 2018-07-02 2018-07-26
WMC 2018-03-29 0.310 --- 2018-03-22 2018-04-02 2018-04-26
WMC 2017-12-29 0.310 --- 2017-12-21 2018-01-02 2018-01-26
WMC 2017-09-29 0.310 --- 2017-09-21 2017-10-02 2017-10-26
WMC 2017-06-28 0.310 --- 2017-06-20 2017-06-30 2017-07-26
WMC 2017-03-30 0.310 --- 2017-03-23 2017-04-03 2017-04-26
WMC 2016-12-29 0.310 --- 2016-12-22 2017-01-03 2017-01-26
WMC 2016-09-30 0.310 --- 2016-09-22 2016-10-04 2016-10-25

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 0 0 0 0
Receivables 41,154,000 45,966,000 47,785,000 46,471,000
Inventory 0 0 0 0
Current Assets 2,782,668,000 3,013,768,000 3,210,114,000 3,256,725,000
Current Assets (Other) 94,000 120,000 136,000 161,000
Short Term Investments 1,721,961,000 2,089,099,000 2,171,309,000 2,155,943,000
Long-term Investments 46,676,000 4,623,000 3,249,000 79,284,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 46,676,000 4,623,000 3,249,000 3,152,000
Net Tangible Assets 210,186,000 215,893,000 259,599,000 255,112,000
Total Assets 2,829,344,000 3,018,391,000 3,213,363,000 3,336,009,000
Accounts Payable 0 0 0 0
Liabilities (Other) 8,804,000 31,662,000 32,873,000 0
Current Liabilities (Other) 501,342,000 383,561,000 365,932,000 464,086,000
Total Current Liabilities 2,598,487,000 2,770,834,000 2,920,889,000 3,080,895,000
Current Long-term Debt 2,097,145,000 2,387,273,000 2,554,957,000 2,616,809,000
Long-term Debt 0 0 0 0
Total Liabilities 2,619,158,000 2,802,498,000 2,953,764,000 3,080,897,000
Minority Interest 11,867,000 2,000 2,000 2,000
Common Stock 60,795,688 60,776,701 60,742,301 60,813,874
Retained Earnings -707,808,000 -699,920,000 -656,091,000 -660,377,000
Treasury Stock -578,000 -578,000 -578,000 -578,000
Capital Surplus 0 0 0 0
Shareholder Equity 210,186,000 215,893,000 259,599,000 255,112,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 41,195,000 46,017,000 47,718,000 43,970,000
Cost of Revenue 0 0 0 0
Gross Profit 41,195,000 46,017,000 47,718,000 43,970,000
Research and Development 0 0 0 0
Selling General and Admin 984,000 1,062,000 1,040,000 1,138,000
Operating Expense 81,630,000 41,289,000 -457,219,000 39,364,000
Operating Income -40,435,000 4,728,000 504,937,000 4,606,000
Income Expense Net (Other) 375,000 3,325,000 -495,575,000 55,408,000
EBIT -40,060,000 8,053,000 9,362,000 60,014,000
Interest Income 0 0 0 0
Pretax Income -40,060,000 8,053,000 9,362,000 60,014,000
Income Tax 101,000 98,000 29,000 205,000
Minority Interest 2,000 2,000 2,000 2,000
Net Income -40,182,000 7,905,000 9,648,000 59,454,000
Net Income Basic -40,182,000 7,905,000 9,648,000 59,454,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income -40,182,000 7,905,000 9,648,000 59,454,000
Depreciation 0 0 0 0
Changes in Receivables 45,966,000 47,785,000 46,471,000 5,353,000
Changes in Inventories 0 0 0 0
Cash Change 45,775,000 25,159,000 31,613,000 8,096,000
Cash Flow -3,953,000 -3,919,000 302,925,000 -155,277,000
Capital Expenditures 0 0 0 0
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 220,552,000 145,202,000 249,759,000 2,426,873,000
Dividends Paid 0 0 0 0
Net Borrowings -511,779,000 -557,882,000 -561,832,000 -581,141,000
Cash Flow Financing -205,245,000 -207,376,000 -272,681,000 -2,232,837,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Western Asset Mortgage Capital Corp


Western Asset Mortgage Capital Corporation is a real estate investment trust that invests in, acquires and manages a diverse portfolio of assets consisting of Agency RMBS, Agency CMBS, Non-Agency RMBS, Non-Agency CMBS, ABS, Residential and Commercial Whole-Loans and other financial assets. The Company's investment strategy may change, subject to the Company's stated investment guidelines, and is based on its manager Western Asset Management Company's perspective of which mix of portfolio assets it believes provide the Company with the best risk-reward opportunities at any given time. The Company is externally managed and advised by Western Asset Management Company, an investment advisor registered with the Securities and Exchange Commission and a wholly-owned subsidiary of Legg Mason, Inc.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
9 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.4
2 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.1
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
1 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
3.4 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Related REITs


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Invesco Mortgage Capital, Inc. (IVR) 2.5 NYSE Small-Cap Mortgage United States
Orchid Island Capital, Inc. (ORC) 4.6 NYSE Small-Cap Mortgage United States
Two Harbors Investment Corp. (TWO) 2.3 NYSE Mid-Cap Mortgage United States

Last updated: 2021-12-01 - v2.4