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Western Asset Mortgage: Could This 20% Yielder Raise Its Dividend?
Christopher F. Davis • Mon, Jun 17 • 13 Comments
2 Stocks With Outstanding Yields And Great Businesses
Marc Courtenay • Sat, May 25 • 15 Comments
18.4% Dividend Payer Western Asset Mortgage Disappoints - What's The Outlook?
David White • Mon, May 20 • 25 Comments
15.65% Dividend Payer Western Asset Mortgage Capital Is Outperforming The Mortgage REIT Industry
David White • Mon, Mar 25 • 14 Comments
Western Asset Mortgage Numbers Look Good Compared To Similar Hybrid mREITs
Dividend Living • Thu, Mar 7 • 10 Comments
Western Asset Mortgage Offers Investors 16.75% Dividend Yield And Lowest Prepayment Rates
Saibus Research • Wed, Nov 14, 2012 • 4 Comments
Western Asset Mortgage: 15% Dividend Yield From Western Asset's mREIT
Saibus Research • Tue, Oct 2, 2012 • 2 Comments
15% Dividend Standout Amongst Peer Group
Todd Johnson • Sun, Aug 19, 2012 • 43 Comments
Western Asset Mortgage Capital: Strong Quarter Bodes Well
Rubicon Associates • Sat, Aug 18, 2012 • 12 Comments
Western Asset Mortgage Capital - The Story Before The Call
Rubicon Associates • Thu, Jun 28, 2012 • 21 Comments
IPO Preview: Western Asset Mortgage Capital
IPOdesktop • Thu, May 10, 2012 • 1 Comment

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American Capital Agency's Dividend Cut Is Good News For mREIT Investors
CorvetteKid • Wed, Jun 19 • 88 Comments
The Mortgage REIT Business Doesn't Work ...
Valuentum • Fri, Jun 14 • 106 Comments
MREITs Buyers Beware, Economic Data Threatens The Rally
Equity Whisper • Fri, Jun 14 • 38 Comments
American Capital Agency: What Now?
Christopher F. Davis • Wed, Jun 12 • 39 Comments
Invesco Mortgage Capital Oversold And Trading Below Book Value
David White • Fri, Jun 7 • 8 Comments
The Mortgage REIT Bloodbath: How To Protect Your Portfolio
CorvetteKid • Tue, Jun 4 • 133 Comments
American Capital Agency And Mortage REITs Post-Memorial Day Sale
CorvetteKid • Wed, May 29 • 138 Comments
American Capital Agency: Time To Abandon Ship?
Christopher F. Davis • Mon, May 27 • 126 Comments
13.4% Dividend Payer Apollo Residential Mortgage's Market Leadership Makes It A Buy
David White • Wed, May 22 • 4 Comments
All About Book Value? How It's Affecting Your Mortgage REIT
Christopher F. Davis • Mon, May 20 • 14 Comments
Don't Panic: Survival Guide To Prospering With Mortgage REIT 12% Yields
CorvetteKid • Mon, May 20 • 144 Comments
Replace American Capital After Dismal Earnings? What I'm Doing With The Stock Now
Christopher F. Davis • Thu, May 16 • 48 Comments
After Dismal Earnings, 3 Hybrid REITs I Am Considering To Replace American Capital
Christopher F. Davis • Mon, May 13 • 49 Comments
10 Top Real Estate Dogs Run Down 14.3% To 24.4% Gains In April
Fredrik Arnold • Mon, May 13 • 6 Comments
Cramer's Mad Money - Apple: Show Me The Money (4/23/13)
SA Editor Miriam Metzinger • Wed, Apr 24 • 3 Comments
5 Defensive Dividend Stocks That Average An 8% Yield
CorvetteKid • Thu, Apr 11 • 31 Comments
3 High Dividend Stocks With Large Recent Increases In Insider Ownership
MGD Investments • Sun, Apr 7 • 4 Comments
Mortgage REITs: Sell In May? Not If Spreads Hold Up
Dividend Living • Thu, Apr 4 • 22 Comments
3 Small REITs, One Large Opportunity
Adam Aloisi • Thu, Mar 28 • 18 Comments
Your Hybrid mREITs Portfolio Yielding 19%
Equity Whisper • Wed, Mar 13 • 4 Comments

Western Asset Mortgage Capital Corporation To Present At Upcoming Investor Conferences

PR Newswire (May 22, 2013)
Western Asset Mortgage Capital Corporation Announces First Quarter 2013 Results

PR Newswire (May 15, 2013)
Western Asset Mortgage Capital Corporation To Report First Quarter 2013 Financial Results

PR Newswire (May 9, 2013)
Western Asset Mortgage Capital Corporation Declares First Quarter Dividend Of $0.95 Per Share; Announces Revisions To Annual And Quarterly Results; Filing Form 12b-25 With The Securities And Exchange Commission

PR Newswire (Apr 2, 2013)
Western Asset Mortgage Capital Corporation Announces Year-End and Fourth Quarter 2012 Results

PR Newswire (Mar 6, 2013)
Western Asset Mortgage Capital Corporation To Report Fourth Quarter And Year-End 2012 Financial Results

PR Newswire (Feb 28, 2013)
Western Asset Mortgage Capital Corporation Declares Fourth Quarter Regular Dividend Of $0.90 Per Share And Additional Dividend Of $0.22 Per Share

PR Newswire (Dec 19, 2012)
Western Asset Mortgage Capital Corporation To Ring Opening Bell At The New York Stock Exchange

PR Newswire (Nov 26, 2012)
Western Asset Mortgage Capital Corporation To Present At The J.P. Morgan SMid Cap Conference

PR Newswire (Nov 20, 2012)
Western Asset Mortgage Capital Corporation Announces Share Repurchase Program

PR Newswire (Nov 19, 2012)
Western Asset Mortgage Capital Corporation Announces Third Quarter 2012 Results

PR Newswire (Nov 9, 2012)
Western Asset Mortgage Capital Corporation To Report Third Quarter 2012 Financial Results

PR Newswire (Nov 2, 2012)
Stocks to Watch: Stocks to watch Thursday: NuVasive, Marriott

at MarketWatch.com (Oct 4, 2012)
Western Asset Mortgage Capital Corporation Announces Closing Of Public Offering Of Common Stock

PR Newswire (Oct 3, 2012)
Western Asset Mortgage Capital Corporation Announces Pricing Of Public Offering Of 12,000,000 Shares Of Common Stock

PR Newswire (Sep 28, 2012)
Western Asset Mortgage Capital Corporation Announces Public Offering Of 12,000,000 Shares Of Common Stock

PR Newswire (Sep 27, 2012)
Nine stocks in S&P 500 fatten dividends

at MarketWatch.com (Sep 21, 2012)
Movers & Shakers: Friday’s biggest gaining and declining stocks

at MarketWatch.com (Sep 21, 2012)
Stocks to Watch: COH, AN, RIMM & More

at CNBC.com (Sep 21, 2012)
Western Asset Mortgage Capital Corporation Declares Third Quarter Dividend Of $0.85 Per Share

PR Newswire (Sep 20, 2012)

WMC vs. ETF Alternatives

Company Description

WMC is organized as a Delaware corporation focused on investing in, financing and managing primarily residential mortgage-backed securities, or RMBS, for which the principal and interest payments are guaranteed by a U.S. Government agency, such as the Government National Mortgage Association.... More

Sector: Financial

Industry: REIT - Diversified

Country: United States

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| Earnings
| Dividends
| M&A
| On the move

Thursday, June 13, 3:39 PM Mortgage REIT (REM +4.1%) rallies are accelerating as the day draws to a close. Sector giants Annaly (NLY +4.7%), American Capital Agency (AGNC +4.2%) are closing in on 5% gains, while CYS Investment (CYS +6.2%) and Western Mortgage (WMC +7.1%) are threatening 7%. Did everybody realize all at once that higher long end rates combined with ZIRP should allow mREIT managers to invest at very profitable spreads? 30 Comments [Financials]
Thursday, June 13, 10:08 AM Armour Residentail (ARR +4.8%) surges after holding its monthly distribution steady at $0.07/share. Capstead Mortgage (CMO +2%) gains as well after maintaining its quarterly payout at $0.31. The mREIT sector (REM +1.5%). Some other names moving: Invesco (IVR +2.1%), Two Harbors (TWO +1%), Hatteras (HTS +1.6%), Anworth (ANH +1.8%), Western Asset (WMC +3.4%), PennyMac (PMT +2.1%). 14 Comments [Financials, On the Move]
Wednesday, June 12, 2:53 PM Treasurys (TLT -1.2%) fail to catch a bid even as the Dow drops triple digits. Panicky action continues in income favorites (REM -1.3%), notably Armour Residential (ARR -4.7%), where the selling has now spread to its preferred shares, the series B off 2%. The common is off 28% over the last month. Some others: New York Mortgage (NYMT -2.7%), American Capital (MTGE -2.6%), Western Asset (WMC -3.9%), Annaly (NLY -1.7%), Dynex (DX -2.6%), New Residential (NRZ -3.6%), Ellington Financial (EFC -2.2%). 11 Comments [Financials, On the Move]
Friday, June 7, 11:23 AM It's not a misprint, but Western Asset Mortgage's (WMC -0.7%) annualized dividend yield is north of 20% after the recent big decline in its stock price, writes Marc Courtenay. At $18.48, the stock is also trading below March 31 book value of $19.42. "We may have already seen the bottom for mRETIs ... buy low and then buy more if the shares go even lower," he writes. Spread risk around as well, he says, suggesting Annaly (NLY) and Invesco (IVR) in addition. 17 Comments [Financials]
Friday, June 7, 10:26 AM "I would not overestimate retail investors' knowledge of how this business works," says Armour Residential (ARR) co-CEO Scott Ulm. Income players love mREITs (MORT), but when rates rise, losses come quick. "We believe mREITs are not appropriate for most individual investors," writes Edward Jones' Kate Warne as the brokerage warns its 12K advisors to steer clients clear. Ulm remains hopeful: "As bonds become cheaper, reinvestment becomes more profitable." With rates up today, the sector is lower again: Annaly (NLY -0.8%), American Capital (AGNC -2%), CYS (CYS -1.1%), Western Asset (WMC -0.6%), Invesco (IVR -0.6%), Hatteras (HTS -0.8%). Comment! [Financials]
Tuesday, June 4, 3:25 PM The mREIT (MORT +1.6%) sector gains with sliding averages always good for creating a bid for the sector, and as the industry continues to present en masse at the KBW Mortgage Conference (earlier). The gist: It's clearly been a bad year for mortgages (see WMC presentation, page 7), but spreads are far wider now than they were several months ago (when the bear case was spreads were too narrow). Buyers of mortgages now are getting far better pricing. Leading are Two Harbors (TWO +3.5%), (presentation), Chimera (CIM +2.7%), Ellington (EFC +1.9%), (EARN +0.1%), (presentation), PennyMac (PMT +3.9%), (PFSI +0.5%). 1 Comment [Financials]
Tuesday, June 4, 9:28 AM More from CYS Investments at KBW (previous): The speed (page 9) with which mortgage rates have increased in unlike anything seen even during the financial crisis, says CEO Kevin Grant. He muses over whether Bernanke's May testimony (taper) was confused messaging or an intentional market test. The punishment inflicted on mREITs (MORT) is well-known, but don't forget: Refinance activity will crater - gain on sale windfall to banks may be over, home affordability is now diminished, banks will be pushed to Treasurys over credit risk as the ROE on government paper is now improved. Grant's talk (webcast) is one all mREIT investors will value. 25 Comments [Financials]
Thursday, May 30, 10:04 AM Buy the (big) dip in the mREITs, say both KBW and RBC Capital. "We think the bond market has over-reacted and mREITs have over-reacted to that over-reaction," says KBW (presumably Bose George). Stocks to buy if the Fed cuts back earlier-than-expected: CMO, HTS, MFA, ANH, DX. Stocks if the Fed continues with the status quo: AGNC, NLY, WMC. RBC favors NLY, MFA, and HTS, but warns AGNC's higher leverage magnifies losses as well as gains. The sector (MORT +1.1%) is continuing with yesterday afternoon's bounce. 17 Comments [Financials]
Tuesday, May 28, 1:33 PM Growing thoughts of a tapering and then ending of QE∞ triggers panicky selling in the mREIT sector (MORT -2.3%) as Treasury yields hit their highest level in more than a year (the 10-year at 2.12%), and mortgage prices slide as well (MBB -0.4%). Leading the way is a 5.3% decline in American Capital Agency. Annaly (NLY -2.7%), Two Harbors (TWO -3%), Anworth (ANH -2.2%), Western Asset (WMC -4.7%), Apollo Residential (AMTG -3.7%), Javelin (JMI -4.3%), Invesco (IVR -1.8%), MFA Financial (MFA -1.5%). 83 Comments [Financials, On the Move]
Thursday, May 23, 3:01 PM Agency MBS fail to bounce from the "massive liquidation" following Bernanke's testimony yesterday, according to CIBC's Tom Tucci. Suggestions of a tapering of Fed purchases sent Fannie Mae MBS with 3% coupons to their lowest levels of the year. "Right now it seems the only source of demand is the Fed," says BAML's Brad Scott. Unsurprisingly, pure agency mREITs like AGNC and ARR hit 52-week lows today. Annaly (NLY) - now diversified into the commercial space with the CXS purchase - outperforms. 13 Comments [Financials]
Thursday, May 16, 12:43 PM It's a nice bounce for the mortgage REITs (MORT +1.3%) today as a string of weak economic data leads to a big drop in Treasury yields, the 10-year off 6 bps to 1.88%. Leading gains is Western Asset Mortgage (WMC +3.3%) following yesterday's 8% post-earnings drubbing. CEO Jim Gavin took advantage, adding 12.8% to his stake by buying about $42K worth of stock at $19.96 each. Other movers include: (CMO +2.1%), (NLY +1.9%), (ARR +2.6%), (IVR +1.8%). 6 Comments [Financials, On the Move]
Wednesday, May 15, 10:05 AM The mortgage REIT sector (MORT -1%) continues under pressure, today led by Western Asset Mortgage (WMC -7.6%) as its book value blew up in Q1 thanks to portfolio losses. American Capital Agency (AGNC -1.5%) - which started the downturn when it reported losses 2 weeks ago - nears a 52-week low, Armour Residential (ARR -3.1%) hits one. One trader suggests Capstead Mortgage (CMO -1.4%) with a portfolio of mostly reset ARMs the least affected by rising rates. CYS Investments (CYS -0.7%) - trading at a 10% discount to book and also owning ARMs - is attractive as well. 18 Comments [Financials, Quick Ideas]
Wednesday, May 15, 9:35 AM Western Asset Mortgage (WMC -4%) tumbles post-earnings as - like AGNC - it takes a big hit to book value (to $19.42/share from $21.67 on Dec. 31) thanks to a net loss of $1.18/share on its MBS portfolio. Net interest spread rises 12 bps to 2.17%. Non-agency investments up to 4.9% of $4.4B investment portfolio. "We may experience volatility in any one particular quarter ... but we expect our overall longer-term results to be very strong." CC at 11 ET. (PR) Comment! [Financials, Earnings, On the Move]
Wednesday, May 15, 9:14 AM Premarket gainers: CHCI +41%. DVR +25%. CLNT +14%. VIPS +13%. EJ +11%. AFFY +9%. CHLN +9%. SPWR +8%. AVEO +5%.
Losers: XONE -10%. RMTI -8%. WMC -5%. 2 Comments [On the Move]
Wednesday, May 15, 8:09 AM Western Asset Mortgage (WMC): Q1 EPS of $0.93 in-line. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, May 15, 12:05 AM Notable earnings before Wednesday’s open: AG, AH, CSC, DE, EJ, GLOG, M, OXF, PF, SVNT, WMC Comment! [Earnings]

Mike Maher
$AGNC $NLY $CYS $WMC "a strong majority" of Fed officials now believe the Fed won't sell MBS as they normalize policy - WSJ
14 hours ago
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Dividend Living: Price on 30 year fixed 3.5% FNMA was down a whole percentage point (103.3 - 102.3). Cant be good for book value in the short term.
12 hours ago
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Mike Maher: Yea ur right its not, but I'd rather have larger spreads and higher payouts than BV at $35...20% yield and stable price would be ideal lol
11 hours ago
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soboroboro24
opinions in $WMC jump ship or hold
Jun 12, 6:30 PM
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mrmedusa: I will hold my WMC for a while. I did thin my reits, but kept WMC. Part of the reason: http://bit.ly/11wQt0N
Jun 12, 10:09 PM
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Aikman
A good day for mReits. Thank you mr Bernanke :-) $WMC up 3%
May 22, 11:09 AM
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Aikman: Markets are volatile :-)
May 23, 12:25 PM
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skyraider: Very True. Very True :-)
May 23, 9:23 PM
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virtalex
div yield as of now is above 20%... what happened to $WMC UDTI in reported quarter? any info..
May 15, 10:41 AM
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rlamy: lage loss of money over 30M
May 15, 12:13 PM
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rlamy: interesting conference call happening now
May 15, 12:13 PM
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virtalex
$WMC@19,42 BV/share+premium5% makes it attractive at atleast 20,4. Main question: what happens with BV this quarter...?
May 15, 10:39 AM
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neobliviscar
$WMC doing a faceplant for those of you interested in REITs.
May 15, 9:46 AM
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skyraider: looks like it is "everybody into the pool"
May 15, 9:51 AM
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mrmedusa: Be nice if there was water in it, however....
May 15, 11:44 AM
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soboroboro24
what to do $AGNC $ACAS $WMC what to do cut the loses an run or stick hope for a recuperation
May 13, 11:14 AM
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whosez: AGNC is not a hybrid.
May 13, 5:32 PM
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Mike Maher: $ACAS will be north of $20 in two years with a 5%+ dividend.....stay the course
May 14, 11:10 AM
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soboroboro24
$WMC is down 7% on AH any idea why and any opinion on what to do
May 2, 6:43 PM
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mrmedusa: Guilty by association. If one MREIT is bad, they all must be, right? I am holding mine until THEY (meaning WMC) make me sell.
May 2, 8:30 PM
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rlamy: and they are, confirmed today
May 15, 12:13 PM
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Aikman
For the people wondering why $WMC is down 4,5% today: they just went ex-div
Apr 10, 9:49 AM
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Aikman: I agree; nice buying opportunity. You will not get them this low again IMHO. They will run up again towards next divi
Apr 10, 5:51 PM
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rlamy: ...guess not
May 15, 12:13 PM
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bjmirphy1ie
Does anyone know when $WMC goes ex-div? Interactive Brokers say its 28 March but I don't see any press release anywhere to confirm this? tkx
Mar 27, 10:33 AM
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YONSU: Thanks gharris that was a great help, went to their website and signed up for email noticifications so i will know when they announce it.
Mar 30, 5:34 PM
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Dividend Living: 10 April and they raised the dividend to .95 a share, pays out 30 April.
Apr 2, 8:44 AM
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LATEST REPLIES

soboroboro24
opinions in $WMC jump ship or hold
Jun 12, 6:30 PM
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mrmedusa: I will hold my WMC for a while. I did thin my reits, but kept WMC. Part of the reason: http://bit.ly/11wQt0N
Jun 12, 10:09 PM
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Aikman
A good day for mReits. Thank you mr Bernanke :-) $WMC up 3%
May 22, 11:09 AM
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Aikman: Markets are volatile :-)
May 23, 12:25 PM
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skyraider: Very True. Very True :-)
May 23, 9:23 PM
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Aikman
For the people wondering why $WMC is down 4,5% today: they just went ex-div
Apr 10, 9:49 AM
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Aikman: I agree; nice buying opportunity. You will not get them this low again IMHO. They will run up again towards next divi
Apr 10, 5:51 PM
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rlamy: ...guess not
May 15, 12:13 PM
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soboroboro24
$WMC is down 7% on AH any idea why and any opinion on what to do
May 2, 6:43 PM
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mrmedusa: Guilty by association. If one MREIT is bad, they all must be, right? I am holding mine until THEY (meaning WMC) make me sell.
May 2, 8:30 PM
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rlamy: and they are, confirmed today
May 15, 12:13 PM
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virtalex
div yield as of now is above 20%... what happened to $WMC UDTI in reported quarter? any info..
May 15, 10:41 AM
Reply (2)

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rlamy: lage loss of money over 30M
May 15, 12:13 PM
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rlamy: interesting conference call happening now
May 15, 12:13 PM
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140 characters

neobliviscar
$WMC doing a faceplant for those of you interested in REITs.
May 15, 9:46 AM
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skyraider: looks like it is "everybody into the pool"
May 15, 9:51 AM
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mrmedusa: Be nice if there was water in it, however....
May 15, 11:44 AM
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140 characters

soboroboro24
what to do $AGNC $ACAS $WMC what to do cut the loses an run or stick hope for a recuperation
May 13, 11:14 AM
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whosez: AGNC is not a hybrid.
May 13, 5:32 PM
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Mike Maher: $ACAS will be north of $20 in two years with a 5%+ dividend.....stay the course
May 14, 11:10 AM
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bjmirphy1ie
Does anyone know when $WMC goes ex-div? Interactive Brokers say its 28 March but I don't see any press release anywhere to confirm this? tkx
Mar 27, 10:33 AM
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YONSU: Thanks gharris that was a great help, went to their website and signed up for email noticifications so i will know when they announce it.
Mar 30, 5:34 PM
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Dividend Living: 10 April and they raised the dividend to .95 a share, pays out 30 April.
Apr 2, 8:44 AM
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lfpdinc
$WMC beats est.
Mar 6, 8:14 AM
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DaLatin: Think the extra div at year end was a pointer.. Glad I added more at 21.20. Big divvy
Mar 6, 8:27 AM
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lfpdinc: congrats.....will add on spo
Mar 6, 8:33 AM
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Ocean Man
On the mREIT strength today I exited ARI (-0.5%), ABR (-2.5%), NYMT (-3%), and WMC (+0.1%). Playing the bounce off a secondary drop works if
10/17/12
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fire0nice228: Thanks OM, i'm still holding NCT with you.
10/17/12
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Clayton Rulli: Nice I have some SLRC too. HIgh fives
10/17/12
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REIT Analyst
ARR, EFC, IVR, MITT, TWO, WMC all dropped and bounced back exactly in parallel this morning. To me this smells like robots trading.
10/15/12
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Ocean Man: WMC's move from minus 7% to plus 2% was crazy. AGNC caught a mid-day upgrade, might have been the catalyst.
10/16/12
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Ocean Man
Wow, WMC just took back the entire 7% it had dropped this morning!
10/15/12
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Clayton Rulli: that thing is a barf coaster!
10/15/12
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blablah: Robots doing the trades
10/15/12
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Ocean Man
Added to WMC at 21.68, down 4.4% today, it's taking a bigger hit than some of its peers, and was already down due to a 2ndary (nice timing).
10/10/12
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Ocean Man: 12M shares just sold for 22.20, and you can buy it for 21.68. You're buying dollars for 97 cents on that portion.
10/11/12
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Ocean Man: It's only dilutive if they sell shares for under their book value. Selling above book value increases the book value.
10/11/12
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Ocean Man
Bought WMC at 22.52. Down 8% from 2 weeks ago after ex-div and a secondary offering. 15% yield.
10/9/12
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Ocean Man: I just posted an add to WMC.
10/10/12
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bear2bull2bear: We put a few in at 21.75 today who hadn't had a position. We bought ARR for several at 7.25
10/10/12
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Saibus Research
Recap: Top 5 investment ideas of the week 10-8-12 http://bit.ly/SNXd5I $SPLK $WMC $AAPL $GED $WY
10/8/12
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Ocean Man: I've been thinking about WMC too.
10/8/12
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Saibus Research: We've taken a 5% position in WMC and trimmed some CYS. http://seekingalpha.com/a/ja8j
10/8/12
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WMC Western Asset Mortgage Capital Corporation

WMC

Western Asset Mortgage Capital Corporation