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Wells Fargo Real Estate Investment Corp Pref (WFE_pa_old)

NYSE
Currency in USD
Disclaimer
25.3200
0.0000(0.00%)
Closed
WFE_pa_old Scorecard
Fair Value
Day's Range
25.320025.3200
52 wk Range
0.000025.3200
Prev. Close
25.31
Open
25.32
Day's Range
25.32-25.32
52 wk Range
0-0
Volume
0
Average Volume (3m)
17,914
1-Year Change
0%
Shares Outstanding
45,058,028
Fair Value
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Dividends Payment Streak
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Technical
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Wells Fargo Real Estate Investment Corp Pref Company Profile

Wells Fargo Real Estate Investment Corporation is engaged in acquiring, holding and managing domestic mortgage assets and other authorized investments that generate net income for distribution to our shareholders. We are classified as a real estate investment trust (REIT) for federal income tax purposes and are an indirect subsidiary of Wells Fargo and the Bank. As of September 30, 2019, we had $32.4 billion in assets, consisting substantially of real estate loan participation interests (loans). Our interests in mortgage and other assets have been acquired from the Bank pursuant to loan participation and servicing and assignment agreements among the Bank, certain of its subsidiaries and us. The Bank originated the loans, purchased them from other financial institutions or acquired them as part of the acquisition of other financial institutions. Substantially all of our loans are serviced by the Bank.

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