Western Asset Mortgage Capital Corporation operates as a real estate investment trust in the United States. It focuses on acquiring, investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, asset-backed securities investments, residential whole-loans, residential bridge loans, securitized commercial loans, and other financial assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Western Asset Mortgage Capital Corporation was founded in 2009 and is based in Pasadena, California.
IPO Year:
Exchange: NYSE
Website: westernassetmcc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/9/2022 | $3.00 → $2.00 | Underperform | B of A Securities |