Western Asset Mortgage Capital Corporation (WMC)
Western Asset Mortgage Capital Corporation operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in Salt Lake City, UT, US. The stock last traded at $9.18, up 4.44% on the session, giving a market capitalisation of $55.5M. On trailing twelve-month figures it carries a trailing P/E of -0.65, a net margin of 134.9%. Its beta of 1.71 implies it has historically moved more than the broad market.
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.
Western Asset Mortgage Capital Corporation is most often compared with the following Real Estate names: