WMC News and Press, Western Asset Mortgage Capital Corporation From 11/06/20

Image source: The Motley Fool. Western Asset Mortgage Capital Corp (NYSE: WMC) Q3 2020 Earnings Call Nov 6, 2020 , 11:00 a.m. ET Operator Continue reading For further details see: Western Asset Mortgage Capital Corp (WMC) Q3 2020 Earnings...

Western Asset Mortgage Capital Corporation (WMC) Q3 2020 Earnings Conference Call November 06, 2020, 11:00 AM ET Company Participants Larry Clark - IR Jennifer Murphy - CEO Harris Trifon - CIO Lisa Meyer - CFO Conference Call Participants Derek Hewett - Bank of America Jason Stewart - JonesTr...

Flying under-the-radar during Election season, a frenzy of real estate earnings reports over the last three weeks have provided critical information on the state of the commercial real estate sector. Roughly two-thirds of the 170 equity REITs in our coverage universe beat consensus FF...

Western Asset Mortgage Capital (WMC): Q3 Non-GAAP EPS of $0.10; GAAP EPS of $0.98.Revenue of $10.12M (-59.6% Y/Y) misses by $3.68M.Economic return on GAAP book value was 30.8% for the quarter.2.27% annualized net interest margin on investment portfolio.Reduced recourse leverage to 2.2x, down ...

Western Asset Mortgage Capital Corporation Announces Third Quarter 2020 Results Conference Call and Webcast Scheduled for Tomorrow, Friday, November 6, 2020 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time PR Newswire PASADENA, Calif., Nov. 5, 2020 PASADENA, C...

PMT and NRZ are both in our bullish range and in our portfolio. These REITs don’t just service mortgages, they also originate mortgages. As you may have heard, mortgage origination is a great business today. Discounts to book value (or NAV) are the start of your mortgage RE...

We just purchased shares in one of the worst performing mortgage REITs, and we’re excited to share that news. The discount to book value is staggering and is particularly rare among the residential mortgage REITs. Discounts to book value (or NAV) are the start of your mortg...

U.S. equity markets plunged by the most since March this week as a strong slate of economic data and corporate earnings was overwhelmed by pre-election jitters and amplified coronavirus concerns. A cascading wave of lockdowns across Europe rattled global equity markets while narrowing...

Risk is still high, but we’ve got quality mortgage REITs at substantial discount to book value. We don’t advocate going “all in,” but investors should be building positions. NLY, PMT and NYMT each demonstrate a substantial discount to book value. Each has o...

Did the rent get paid? We're at the halfway-point of another newsworthy REIT earnings season. Results thus far have been better-than-expected as dividend cuts have given way to dividend boosts. After 63 equity REITs and 32 mortgage REITs cut dividends in Q2, just three REITs have anno...