Invesco Mortgage Capital (NYSE: IVR) reported insider buying, signaling management’s confidence in the company’s future. Let's dive in and summarize the recent insider buying at Invesco, and compare the company's performance with that of its peers.
Apollo Residential Mortgage (NYSE: AMTG) reported its fourth quarter performance on March 6, 2013. The performance remained below analysts’ expectations. This article will review the company’s latest asset holdings. In addition, a comparison of Apollo Residential’s results with companies of similar business models is provided.
The company and its business model
Apollo Residential commenced its operations as a mortgage REIT in 2011. The externally managed company has around more »
MFA Financial (NYSE: MFA) reported its fourth quarter performance on March 6, 2013. This article will review the latest earnings by this 9% dividend yielder and compare it with its closest peers.
Incorporated in 1997, MFA Financial started operations in 1998 as a hybrid mortgage REIT. The company is classified as hybrid mortgage REIT as it is invested in both Agency and non-Agency mortgage backed securities. As a more »
Note: A previous version of this article inaccurately stated Western Asset Mortgage Capital's stock price relative to its book value. The error has been corrected.
Western Asset Mortgage Capital (NYSE: WMC) has been named top dividend stock with insider buying last month in an article on Forbes. Paid in quarterly installments, the company distributes $3.60 per share. This article aims to explore the sustainability of the company's more »
This article is aimed at reviewing the fourth quarter earnings of Armour Residential (NYSE: ARR). Further, a comparison of Armour with its peers is conducted, and you will also find a detailed analysis of the sustainability of Armor Residential’s dividend yield.
Recent Quarter’s Review
The company reported its fourth quarter 2012 results lower than expected. Its EPS of $0.22 per share remained $0.05 per share behind more »
Mortgage REIT Newcastle Investment (NYSE: NCT) reported fourth-quarter EPS that lagged analysts' expectations. While the earnings miss might look troublesome, there may be macroeconomic catalysts that can help the stock outperform in the future.
Newcastle Investment reported its fourth-quarter 2012 performance on Feb. 28. The earnings per share of $0.19 remained $0.09 behind Wall Street's estimate. I feel the earnings miss is nothing to worry more »
In the wake of the Fed's quantitative easing efforts, several factors are partly impeding the recovery of the US housing market. Yet three mortgage REITs -- American Capital Agency (NASDAQ: AGNC), Armour Residential (NYSE: ARR), and Annaly Capital Management (NYSE: NLY) -- look particularly well-positioned to benefit from this situation.
Background On Easing
The U.S. Federal Reserve has been busy doing its best to accelerate the US housing recovery through more »
In an article on Bizjournals.com, Mark Calvey reported that Wells Fargo (NYSE: WFC) has become Warren Buffett's largest holding. Besides covering the news, this article aims to find out reasons why the bank has become Buffett’s favorite stock and can investors still find reasons to follow Buffett.
Wells Fargo has mostly been part of Warren Buffett’s holdings. However, according to Mark Calvey, the bank more »
New York Mortgage Trust (NASDAQ: NYMT), which has a market cap of just over $350 million, disclosed its performance for the fourth quarter today. The performance remained behind expectation as the EPS of $0.19 remained $0.06 shy of the consensus mean expectation. This investment thesis aims to review the fourth quarter results and see how its diversified portfolio has affected the results.
The Business Model
New York Mortgage more »
This article is aimed at exploring the details of Citigroup’s (NYSE: C) deal with Best Buy and what specific benefits Citigroup could extract from it. The deal holds considerable importance for the bank’s shareholders since it reverses Citi's strategy of selling its store-branded credit card business.
In a step toward boosting the size of the bank’s business, Citigroup’s CEO Michael Corbat inked a more »
This article presents a three stock portfolio for investors looking for high regular income for their retirement portfolio. The short-listed stocks include Two Harbors Investment (NYSE: TWO), New York Mortgage Trust (NASDAQ: NYMT) and Western Asset Mortgage Capital (NYSE: WMC). The remaining of the investment thesis aims to look into the business models of each of the companies and determine whether future earnings catalysts will help sustain current dividend yields more »
In recent months, mortage REITs have looked like an increasingly risky bet for investors. Yet a stock screen has revealed that insiders at the following mortgage REITs are still buying shares:
- American Capital Agency (NASDAQ: AGNC)
- Hatteras Financial (NYSE: HTS)
- Apollo Residential Mortgage (NYSE: AMTG)
Let's explore the current state of the mortgage REIT market, then examine each of the stocks above to see why insiders might be buying more »
Main Street Capital (NYSE: MAIN) is an investment firm that provides long term debt and equity capital to lower-middle market and middle-market companies. This company has impressive stock growth over the past few years and will continue to provide investors with strong returns. The reasoning for this comes from strong financial growth, competition-leading cost structure and a high yielding dividend.
Main Street Capital is an internally-managed business development more »
Where the death of Fed’s quantitative easing might be a negative for the US equities in general, it will bring relief to the US Agency mortgage REITs sector. I believe in the event of a halt of the Fed’s easing, Annaly Capital Management (NYSE: NLY) and American Capital Agency (NASDAQ: AGNC) will appear to be the largest winners. The rest of this investment thesis aims to look at more »
This article is aimed at screening out three US money center banks which are trading below their intrinsic values and can provide investors with an upside. For this purpose, discount to book value is used as the primary criterion to determine whether the bank under consideration is undervalued or otherwise. The screening results show Citigroup (NYSE: C), JPMorgan (NYSE: JPM) and PNC (NYSE: PNC) to have satisfied the aforementioned criteria more »
Dynex Capital (NYSE: DX) is operating as a mortgage REIT since 1988 with an objective of providing higher risk-adjusted returns to its shareholders primarily through dividends. For this purpose, the company originates and securitizes various types of loans, largely single-family and commercial mortgage loans and manufactured housing loans. Besides, the company invests in Agency and non-Agency mortgage backed securities. The company’s Agency RMBS consist of hybrid adjustable and ARMs more »
While the Fed remains committed to keep the short-term rates near zero, its intentions of keeping the long-terms rate at their record low seems not to be working as imagined. The Fed has been taming the rates in order to support the US housing and labor markets. Through QE3 and the $45 billion monthly Treasuries acquisition, the Fed intends to provide cheap credit to home borrowers and encourage them to more »
Since 2008, CreXus Investment (NYSE: CXS) has operated as a mortgage REIT with investments in commercial mortgage loans, commercial mortgage backed securities, commercial real property, Agency Residential mortgage backed securities, commercial real estate debt and other commercial real estate related assets. Since the company is operating as a mortgage REIT, its objective is to provide its shareholders with high risk-adjusted returns, primarily through dividends.
For the purpose of more »
Consumer companies, including some of the biggest US banks seem to shy away from making loans as they are lending the smallest portion of their deposits. These companies are reluctant to take on the risk until they see more signs of improving business and macroeconomic conditions. This is despite the Fed’s continuous efforts to stimulate the US economy by maintaining record low interest rates. These low rates will make more »
Equity Residential (NYSE: EQR) came into existence in 1993 with the objective of investing and managing in quality apartment properties in top US growth markets. The company is part of the S&P 500 and has a market cap of $18.7 billion. The stock is trading at 72 times its earnings and yields 5.4%.
Recent Quarter’s Review
Equity Residential reported stronger than expected FFO per share (a more »
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