Western Asset Mortgage Capital Corp

Symbol: WMC
CIK: 1465885
Exchange: NYSE
Founded: 1971 (49 years)
HQ: Pasadena, CA, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Mortgage
Externally Managed REIT

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Overall Score: 2.6

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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 January 17, 2020


Open Price: $10.49
Closing Price: $10.48
Price Change: -0.01 (-0.095%)
Lowest Price: $10.46
Highest Price: $10.53

52-Week Low: $9.22
52-Week High: $10.75
52-Week Change: 12.81%

5 Day Price Change: 0.96%
1 Month Price Change: N/A
3 Month Price Change: 5.75%
6 Month Price Change: 3.96%
YTD Price Change: 1.65%
1 Year Price Change: 12.92%
2 Year Price Change: 6.50%
5 Year Price Change: -22.30%

Dividend of Trading Day January 17, 2020


Dividend Yield: 11.832%*
Annualized Dividend: $1.24*
Dividend Yield (TTM): 11.832%
Annualized Dividend (TTM): $1.24
Ex Dividend Date: 2019-12-27
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 January 17, 2020


Total Cash: $77,795,000
Current Debt: $2,818,837,000
Revenue: $234,266,000
Gross Profit: $225,593,000
Total Revenue: $234,266,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 7.71
Profit Margin: 0.11%
Enterprise Value (EV): $4,359,051,956
Enterprise Value to Revenue (EV/R): 18.61
Price to Sales (P/S): 2.38
Price to Book (P/B): 1.11
Peg Ratio: -0.88
P/E Ratio: 13.30
P/E High: 8.60
P/E Low: 7.35
Forward P/E Ratio: 8.66
Market Capitalization: $557,791,712
Beta: 0.38
Latest Volume: 308,864.00
Avg. Total Volume: 361,464
Avg. 10 Volume: 273,659.40
Avg. 30 Volume: 361,464.07
TTM EPS: 0.79
TTM Dividend Rate: 1.24
Shares Outstanding: 53,224,400
Float: 52,914,155.00
50-Day Moving Avg.: 10.36
200-Day Moving Avg.: 10.07

Latest REIT Community Comments on #WMC


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Properties Owned by WMC


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

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 86,613,000 168,900,000 90,736,000 77,795,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 2,614,896,000 2,834,988,000 1,651,886,000 1,819,347,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 5,505,000 1,631,000 1,269,000 2,488,000
Net Tangible Assets 564,360,000 559,626,000 516,006,000 503,009,000
Total Assets 5,254,481,000 5,533,508,000 4,521,555,000 4,497,395,000
Accounts Payable 0 0 0 0
Liabilities (Other) 149,630,000 244,130,000 128,111,000 115,863,000
Current Liabilities (Other) 16,499,000 16,500,000 14,950,000 14,916,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 0
Long-term Debt 1,615,383,000 1,728,532,000 960,837,000 1,059,686,000
Total Liabilities 4,690,121,000 4,973,882,000 4,005,549,000 3,994,386,000
Minority Interest 0 0 0 0
Common Stock 53,224,379 532,000 482,000 481,000
Retained Earnings -321,150,000 -324,323,000 -318,391,000 -331,282,000
Treasury Stock 0 0 0 0
Capital Surplus 884,978,000 883,417,000 833,915,000 833,810,000
Shareholder Equity 564,360,000 559,626,000 516,006,000 503,009,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 28,414,000 -17,188,000 8,703,000 -21,871,000
Cost of Revenue 1,800,000 1,832,000 1,735,000 1,950,000
Gross Profit 26,614,000 -19,020,000 6,968,000 -23,821,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 3,788,000 3,828,000 3,679,000 3,972,000
Operating Income 60,566,000 52,345,000 65,520,000 26,148,000
Income Expense Net (Other) -40,901,000 -41,253,000 -37,632,000 -43,649,000
EBIT 60,566,000 52,345,000 65,520,000 26,148,000
Interest Income 39,082,000 37,958,000 36,400,000 40,892,000
Pretax Income 19,665,000 11,092,000 27,888,000 -17,501,000
Income Tax -55,000 478,000 12,000 154,000
Minority Interest 0 0 0 0
Net Income 19,624,000 10,614,000 27,806,000 -17,681,000
Net Income Basic 19,624,000 10,614,000 27,806,000 -17,681,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 19,624,000 10,614,000 27,806,000 -17,681,000
Depreciation 0 0 0 0
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -82,287,000 78,164,000 12,941,000 -35,160,000
Cash Flow -36,076,000 -47,979,000 -26,293,000 -34,345,000
Capital Expenditures 0 0 0 0
Investments 242,658,000 -1,025,374,000 208,882,000 1,050,687,000
Investing Activity (Other) -1,877,000 -9,336,000 -5,207,000 -3,252,000
Total Investing Cash Flows 258,848,000 -759,535,000 35,348,000 809,038,000
Dividends Paid -16,500,000 -14,950,000 -14,915,000 -14,917,000
Net Borrowings -186,942,000 852,073,000 -1,572,000 -809,079,000
Cash Flow Financing -305,059,000 885,678,000 3,886,000 -809,853,000
Financing Cash Flows (Other) -101,532,000 -864,000 20,547,000 14,273,000
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. 5.4
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
5 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
1 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
2.6 Overall REITRating™ Score 6.5

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.

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