WMC News and Press, Western Asset Mortgage Capital Corporation From 11/30/20

We can finally drop to a neutral outlook on ANH. Shares are up about 40% since late October. We're grateful for this opportunity to be right - again. We’re seeing far more REITs trading at reasonable valuations today. It was weird being stuck in a bullish stance on most of the ...

U.S. equity markets climbed to fresh record highs on the Thanksgiving-shortened week as strong housing data, positive vaccine developments, and "market-friendly" Cabinet picks offset ongoing COVID concerns. Pushing its November gains to over 11%, the S&P 500 rallied another 2...

Bearish ratings on mortgage REITs? Sure, we’ll go bearish on MITT and ORC. Price-to-book ratios are way too high compared to peers. Nothing wrong with ORC except the share price. Investors are getting blinded by the dividend, but they could get a better deal on similar REITs. ...

Mortgage REITs are putting on a massive rally over the last week or two. That’s great as several have been severely undervalued. It wasn’t that long ago that we had almost nothing but bullish ratings. Today, we have several lower ratings. Discounts to book value (or ...

U.S. equity markets climbed to record-highs this past week on positive trial results for a COVID-19 vaccine, a potentially major breakthrough hailed as a "great day for science and humanity." Adding to its 7% post-election surge, the S&P 500 gained 2.3% this past week to...

We were pretty bullish on TWO lately, but shares rallied into the neutral range. Shares of ORC outperformed to the extent they ended up in our bearish range. Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end. In this series weȁ...

ARR got way too cheap during the pandemic, but the sale is over. Share prices look pretty fair. Neutral outlook on ARR and a few others tossed in. Investors may love the monthly dividend, but they’ve often misunderstood the REIT. We haven’t. We’ve nailed ratings o...

The following slide deck was published by Western Asset Mortgage Capital Corporation in conjunction with their 2020 Q3 earnings call. For further details see: Western Asset Mortgage Capital Corporation 2020 Q3 - Results - Earnings Call Presentation

U.S. equity markets surged by the most since April on an election week rally fueled by the mounting prospects of a divided government after the "Blue Wave" failed to materialize. Rebounding from their worst week since March, the S&P 500 surged by 7.2% this past week while the Dow ...

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...