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
See WMC on Google Finance
See WMC on Yahoo Finance
See WMC on SEC.gov
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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
Stock Chart
See in Advanced Graph ViewHightlights of Trading Day November 30, 2021
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
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
- Thu, 04 Nov 2021 20:34:26 +0000 (UTC) - Western Asset Mortgage Capital Corp. - Western Asset Mortgage Capital Corporation Announces Third Quarter 2021 Results
- Tue, 12 Oct 2021 20:15:42 +0000 (UTC) - Western Asset Mortgage Capital Corp. - Western Asset Mortgage Capital Corporation to Report Third Quarter 2021 Financial Results
- Thu, 23 Sep 2021 20:15:52 +0000 (UTC) - Western Asset Mortgage Capital Corp. - Western Asset Mortgage Capital Corporation Declares Third Quarter Dividend of $0.06 Per Share
- Fri, 10 Sep 2021 13:10:19 +0000 (UTC) - Western Asset Mortgage Capital Corp. - Western Asset Mortgage Capital Corporation Announces Pricing of $75 Million 6.75% Convertible Senior Notes Due 2024
- Thu, 09 Sep 2021 20:10:21 +0000 (UTC) - Western Asset Mortgage Capital Corp. - Western Asset Mortgage Capital Corporation Announces Proposed Public Offering of Convertible Senior Notes Due 2024
Key Stats of Trading Day November 30, 2021
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
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
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
- Yes, this is better than what you can get with most equity REITs right now, and I would imagine #WMC will honor this note with no problems. - Kyuie - 2019-08-20 18:11:37 - See full comment
- Senior Notes at 6.75% is a sweet deal! Are retail investors able to buy these notes? How do we go about it? Do we need to buy a certain minimum quantity of #WMC note? - HereForFriends - 2019-08-19 15:42:24 - See full comment
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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|---|---|---|---|---|---|
| New York Mortgage Trust, Inc. (NYMT) | 3.8 | NASDAQ | Small-Cap | Mortgage | United States |
| Dynex Capital, Inc. (DX) | 5.1 | NYSE | Small-Cap | Mortgage | United States |
| 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