Western Asset Mortgage Capital Corporation (WMC) Research

Western Asset Mortgage Capital Corporation functions as a real estate investment trust (REIT), primarily engaged in the acquisition, management, and investment of a varied portfolio of assets tied to residential real estate. Its holdings notably include non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other similar investment vehicles. Recognized as a qualifying REIT for federal income tax purposes, the company typically circumvents federal corporate income taxes, provided it distributes a minimum of 90% of its taxable earnings to shareholders. The firm was founded in 2009 and is based in Salt Lake City, Utah.

Market snapshot

Symbol
WMC
Price
$9.18
Day change
+4.44%
Market cap
$55.5M
P/E ratio
-0.65x
52-week range
7.82-11.64
Sector
Real Estate
Industry
REIT - Mortgage
Analyst price target
$20.00

Peer companies

  • Avalon GloboCare Corp. (ALBT)
  • Doma Holdings Inc. (DOMA)
  • Invesco Mortgage Capital Inc. (IVR)
  • Leju Holdings Limited (LEJU)
  • LuxUrban Hotels Inc. (LUXH)
  • Medalist Diversified REIT, Inc. (MDRR)
  • Office Properties Income Trust (OPITS)
  • Rithm Property Trust Inc. (RPT)

Recent insider activity

  • Quateman Lisa G — D-Return (10521 shares) on 2023-12-06
  • Kripalani Ranjit M — D-Return (27299 shares) on 2023-12-06
  • Wongtrakool Bonnie M. — D-Return (1060 shares) on 2023-12-06
  • Neumayer Elliott — D-Return (3918 shares) on 2023-12-06
  • MITCHELL M CHRISTIAN — D-Return (28943 shares) on 2023-12-06

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