WMC News and Press, Western Asset Mortgage Capital Corporation From 01/12/21

We regularly cover preferred shares as a way for investors to find a steady yield. They still carry risk, but less than common shares. The preferred shares from mortgage REITs can offer great opportunities. When prices get inefficient, we get nice opportunities. In this series, we...

We took gains on part of our largest position. We often hold large positions in AGNC preferred shares and went overweight with purchases on 8/7/2020 and 11/5/2020. We reduced the exposure and began picking up some other shares like TWO-E. The preferred shares from mortgage REITs c...

While many high-yield opportunities provide more risk than return, there are exceptions. The preferred shares from mortgage REITs can offer great opportunities. When prices get inefficient, we get nice opportunities. We recently added to our position in NYMTM. This is a high-risk ...

The collection of interest income will likely improve in 2021 as some residential borrowers will return to payment. WMC has high exposure to hotels, which are a major cause of concern. Further, the mortgage REIT has exposure to nursing home loans and entertainment and retail loans. ...

Investors frequently have questions about ex-dividend dates. This should be one of the simplest parts of investing, yet investors are often starved for information. When we look at mortgage REITs (where yields are very high), the ex-dividend dates matter even more. When we dis...

Part 1 of this article compares NLY’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return, and current valuation to twenty mREIT peers. Providing sector-wide metrics allows readers to better understand which mREIT companies will likely...

Western Asset Mortgage Capital (WMC) names Sean Johnson and Greg Handler to serve as interim co-chief investment officers as of Jan. 8, 2021, following the resignation of Harris Trifon to pursue another opportunity.In addition, WMC purchased an additional $10M of its 6.75% convertible senior ...

Sean Johnson and Greg Handler to Serve as Interim Co-Chief Investment Officers; Additional Convertible Notes Repurchased by the Company Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that the Board of Directors of the Com...

Want to avoid picking a mortgage REIT that’s carrying more risk than peers at a higher valuation? Simple solution: Stay bearish on MITT. Many peers offer better risk/reward ratios. In this series we’re providing readers with the discounts to trailing book values thro...

One of the strongest sectors in midday trading, financials gain as Treasury yields push up and the yield curve steepens.SPDR S&P Regional Banking ETF (KRE) climbs 2.9% and SPDR S&P Bank ETF (KBE) gains 2.7%, their strongest showing in almost a month. Among other financi...