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PR Newswire (Wed, 8:30AM)
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PR Newswire (May 15, 2013)
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PR Newswire (May 9, 2013)
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PR Newswire (Wed, 8:30AM)
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PR Newswire (May 15, 2013)
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PR Newswire (May 9, 2013)
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PR Newswire (Mar 6, 2013)
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PR Newswire (Feb 28, 2013)
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PR Newswire (Nov 26, 2012)
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PR Newswire (Nov 20, 2012)
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PR Newswire (Nov 19, 2012)
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PR Newswire (Nov 9, 2012)
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PR Newswire (Nov 2, 2012)
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at MarketWatch.com (Oct 4, 2012)
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PR Newswire (Oct 3, 2012)
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PR Newswire (Sep 27, 2012)
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at MarketWatch.com (Sep 21, 2012)
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at MarketWatch.com (Sep 21, 2012)
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at CNBC.com (Sep 21, 2012)
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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
- All
- | Earnings
- | Dividends
- | M&A
- | 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]
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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]
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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]
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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 - View all 7 replies
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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.
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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
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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 - View all 5 replies
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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. -
Dividend Living: 10 April and they raised the dividend to .95 a share, pays out 30 April.
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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 - View all 0 replies
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DaLatin: Think the extra div at year end was a pointer.. Glad I added more at 21.20. Big divvy -
LATEST REPLIES
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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
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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.
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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 - View all 7 replies
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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 - View all 5 replies
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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.
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Dividend Living: 10 April and they raised the dividend to .95 a share, pays out 30 April.
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DaLatin: Think the extra div at year end was a pointer.. Glad I added more at 21.20. Big divvy
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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.
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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.
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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
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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 - View all 2 replies
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Saibus Research: We've taken a 5% position in WMC and trimmed some CYS. http://seekingalpha.com/a/ja8j
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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. - View all 1 replies
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