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HEADLINES:

All About Book Value? How It's Affecting Your Mortgage REIT
Christopher F. Davis • Mon, May 20 • 13 Comments
Don't Panic: Survival Guide To Prospering With Mortgage REIT 12% Yields
CorvetteKid • Mon, May 20 • 45 Comments
18.4% Dividend Payer Western Asset Mortgage Disappoints - What's The Outlook?
David White • Mon, May 20 • 22 Comments
Replace American Capital After Dismal Earnings? What I'm Doing With The Stock Now
Christopher F. Davis • Thu, May 16 • 42 Comments
Western Asset Mortgage Capital's CEO Discusses Q1 2013 Results - Earnings Call Transcript
Wed, May 15
Western Asset Mortgage Capital Corporation Announces First Quarter 2013 Results

PR Newswire (Wed, 8:00AM)
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
Western Asset Mortgage Capital Corporation To Report First Quarter 2013 Financial Results

PR Newswire (May 9, 2013)
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
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)
3 Small REITs, One Large Opportunity
Adam Aloisi • Thu, Mar 28 • 18 Comments
15.65% Dividend Payer Western Asset Mortgage Capital Is Outperforming The Mortgage REIT Industry
David White • Mon, Mar 25 • 14 Comments
Your Hybrid mREITs Portfolio Yielding 19%
Equity Whisper • Wed, Mar 13 • 4 Comments
Conditional Prepayment Rate And mREITs
Dividend Living • Wed, Mar 13 • 17 Comments
5 Hybrid mREITs Yielding 12%: Q4 Review
CorvetteKid • Tue, Mar 12 • 30 Comments
Western Asset Mortgage Numbers Look Good Compared To Similar Hybrid mREITs
Dividend Living • Thu, Mar 7 • 10 Comments

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18.4% Dividend Payer Western Asset Mortgage Disappoints - What's The Outlook?
David White • Mon, May 20 • 22 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
Michael Terry • Sat, Aug 18, 2012 • 12 Comments
Western Asset Mortgage Capital - The Story Before The Call
Michael Terry • Thu, Jun 28, 2012 • 21 Comments
IPO Preview: Western Asset Mortgage Capital
IPOdesktop • Thu, May 10, 2012 • 1 Comment

All About Book Value? How It's Affecting Your Mortgage REIT
Christopher F. Davis • Mon, May 20 • 13 Comments
Don't Panic: Survival Guide To Prospering With Mortgage REIT 12% Yields
CorvetteKid • Mon, May 20 • 45 Comments
Replace American Capital After Dismal Earnings? What I'm Doing With The Stock Now
Christopher F. Davis • Thu, May 16 • 42 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
Conditional Prepayment Rate And mREITs
Dividend Living • Wed, Mar 13 • 17 Comments
5 Hybrid mREITs Yielding 12%: Q4 Review
CorvetteKid • Tue, Mar 12 • 30 Comments
13% Is A Lucky Number: 5 Agency mREITs Q4 Review
CorvetteKid • Thu, Feb 28 • 44 Comments
5 Stocks With Recent Intensive Insider Buying
Markus Aarnio • Thu, Dec 13, 2012 • 18 Comments
5 Reasons To Stick With Mortgage REITs
CorvetteKid • Thu, Dec 6, 2012 • 68 Comments
All Tricks, No Treats, For Mortgage REITs
Brad Thomas • Wed, Oct 31, 2012 • 52 Comments
Comparing Mortgage REITs: The Winners And The Risks - Part 2
Portfolio Management 101 • Mon, Oct 15, 2012 • 20 Comments
A Game Of Find The Ponzi - Tilson's Next Short
SSE Investing • Fri, Oct 5, 2012 • 30 Comments
3 High-Yielding Companies With Insider Buying During The Last 3 Months
Markus Aarnio • Mon, Sep 24, 2012 • 4 Comments

Western Asset Mortgage Capital Corporation Announces First Quarter 2013 Results

PR Newswire (Wed, 8:00AM)
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)
Western Asset Mortgage Capital Corporation To Present At The JMP Securities Financial Services & Real Estate Conference

PR Newswire (Sep 7, 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

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

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]
Tuesday, May 14, 5:30 PM Notable earnings before Wednesday’s open: AG, AH, CSC, DE, EJ, GLOG, M, OXF, PF, SVNT, WMC Comment! [Earnings]
Friday, May 10, 2:39 PM Gary Kain-led American Capital Agency (AGNC -2.8%) and American Capital Mortgage (MTGE -2%) lead the decline in an all-red mREIT sector (MORT -1%) today, with AGNC taking out its post-earnings low from last week. On the earnings call, Kain said upward pressure on rates had cooled to start Q2 and book value was headed higher, but markets may not be cooperating. The 10-year yield is up 8 bps today to a near 2-month high. Others: Annaly (NLY -1.2%), Invesco (IVR -1.2%), MFA (MFA -1.8%), Western Asset (WMC -1.3%). 12 Comments [Financials, On the Move]
Wednesday, May 8, 12:05 AM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Tuesday, May 7, 5:30 PM Notable earnings before Wednesday’s open: AOL, ARQL, CTSH, CWH, DTEGY.PK, ENB, EZCH, FSYS, FUN, KRO, LMCA, LSE, MPEL, NAVB, NICE, POZN, SODA, STWD, THI, TTI, VVUS, WEN, WMC Comment! [Earnings]
Monday, May 6, 9:50 AM More sell-side on the mREITS (MORT): Maxim keeps a Buy with $33 PT on AGNC expecting the annual dividend to be maintained at $5/share thanks to $1.08 of undistributed taxable income in the kitty (KBW agrees). Jefferies is cautious, calling AGNC's Q1 tale an example of how even a well-run mREIT can run afoul. "Price and extension risk inherent in agency MBS (NLY, HTS, CYS, CMO, ANH, ARR, WMC) today are risks most investors underestimate." 10 Comments [Financials]
Friday, May 3, 7:25 AM A check of some other mortgage REITs premarket after AGNC reported a big loss in Q1: NLY -1%, IVR -0.4%, HTS -0.7%, CYS -0.7%, MFA -0.3%, CMO -2.3%, DX -1.8%, WMC -3.3%.
3 Comments [Financials, On the Move]
Thursday, April 18, 11:17 PM Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. 42 Comments [Financials]
Friday, April 5, 7:16 AM Western Asset Mortgage (WMC) is downgraded to Hold with $22 price target at Jefferies. Noting the 34% return (price and dividend) since the May IPO, Jefferies says the stock is fully valued considering its belief rates are likely to rise over the next 12 months. Comment! [Financials]
Tuesday, April 2, 6:45 AM Western Asset Mortgage (WMC) revised its financial statements for the 4Q and for the period May 15 to Dec. 31, 2012. The reclassification led to 4Q EPS to $0.96 from previously stated $1.05, consensus $0.87. Core earnings reduced to approx. $2.32 from approx. $2.50 for the period from May 15 to Dec. 31, 2012. The board declares $0.95/share quarterly dividend. Forward yield 16.42%. For shareholders of record Apr. 12. Payable Apr. 30. Ex-div date Apr. 10. (PR) Comment! [Earnings, Financials, Dividends]
Thursday, March 14, 2:38 PM Western Asset Mortgage (WMC) recovers from an early dip following a downgrade to Hold by Compass Point. Trading at book value, says Compass, the shares are likely fully priced unless the company shifts more assets than it already has away from agency securities and to non-agency MBS. 1 Comment [Financials]

virtalex
div yield as of now is above 20%... what happened to $WMC UDTI in reported quarter? any info..
Wed, 10:41 AM
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rlamy: lage loss of money over 30M
Wed, 12:13 PM
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rlamy: interesting conference call happening now
Wed, 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...?
Wed, 10:39 AM
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neobliviscar
$WMC doing a faceplant for those of you interested in REITs.
Wed, 9:46 AM
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skyraider: looks like it is "everybody into the pool"
Wed, 9:51 AM
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mrmedusa: Be nice if there was water in it, however....
Wed, 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
Wed, 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
Wed, 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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Dividend Sheet
$WMC $AI and $IVR are the highest yielding mortgage stocks - http://stks.co/bN3A - 12 Shares 8.45% average yield $KFN $HLSS $DX $EFC
Mar 11, 4:46 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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Dividend Sheet
$NTI $XRS $WMC are the best yielding and most recommended dividend stocks at the market + http://stks.co/cIQe + I like $CIG and $AGNC
Jan 17, 4:28 AM
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LATEST REPLIES

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
Wed, 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
Wed, 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..
Wed, 10:41 AM
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rlamy: lage loss of money over 30M
Wed, 12:13 PM
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rlamy: interesting conference call happening now
Wed, 12:13 PM
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140 characters

neobliviscar
$WMC doing a faceplant for those of you interested in REITs.
Wed, 9:46 AM
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skyraider: looks like it is "everybody into the pool"
Wed, 9:51 AM
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mrmedusa: Be nice if there was water in it, however....
Wed, 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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lfpdinc
WMC secondary
9/28/12
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Ronn1: Nice buy opp! Just bought at offering price!
9/28/12
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lfpdinc: most all of these secondaries have acted well.....cept AI. at the moment, but in time should turn around
9/28/12
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Patrick Harden
Western Mortgage Asset (WMC) declares $0.85/share dividend, increase from expected $0.75/share. Stock just below current (9/14) book value.
9/20/12
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lfpdinc: was up $2.09 after hours
9/20/12
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WMC Western Asset Mortgage Capital Corporation

WMC

Western Asset Mortgage Capital Corporation