Financials

• 4 Regional Banks With Upside

  By Adnan Khan - February 20, 2013 | Tickers: FITB, FMER, RF, USB

  This article is aimed at screening out undervalued regional banks in the US on which analysts are bullish. These banking stocks would be liquid with little institutional ownership. For this purpose, I examined their daily trading volume, discount to book value, percentage of institutional ownership and consensus recommendation of the analysts covering the stock. The specific criteria are as follows:

  • The selected bank must possess an average trading volume of more »

• Buy These Undervalued mREITs: Offering Upside & Elevated Dividend Yields

  By Adnan Khan - February 19, 2013 | Tickers: AGNC, NLY, ANH, ARI, CMO

  In this article, I attempt to screen out undervalued high yielding US mortgage REITs for which analysts have a consensus buy recommendation. For this purpose, I examined their daily trading volumes, discount to book values, dividend yields and consensus recommendation of the analysts covering the stock. The specific criteria are as follows:

  • Each of the companies must possess an average daily volume of over 200,000.
  • Each of the companies more »

• Four Reasons to Buy This 18% Dividend Yielder

  By Adnan Khan - February 18, 2013 | Tickers: AGNC, NLY, ARR, MFA, TWO

  Two Harbors Investment (NYSE: TWO) has operated as a mortgage REIT since 2009 and primarily manages residential mortgage backed securities, residential mortgage loans, residential real properties and other financial assets. The company is externally managed by PRCM Advisors LLC, a wholly-owned subsidiary of Pine River.  

  Business Diversification

  Two Harbors' investment portfolio as of Dec. 31, 2012 is very well diversified, giving the company an edge over American Capital Agency (NASDAQ: AGNCmore »)

• This Insurance Giant Beats Analyst Expectations

  By Adnan Khan - February 15, 2013 | Tickers: MET, PRU

  Metlife (NYSE: MET), with a history of over 140-years has grown to become a leading global insurance provider to over 90 million customers in over 50 countries. Besides holding leading market positions in the US, it has large presence in Japan, Latin America, Asia Pacific, Europe and Middle East. For the purpose of reporting, the company is divided into six segments; Insurance Products, Retirement Products, Corporate Benefit Funding and Auto more »

• Buy IVR On Diversified MBS Mix

  By Adnan Khan - February 14, 2013 | Tickers: AGNC, NLY, IVR, TWO

  Invesco Mortgage Capital (NYSE: IVR) was formed to operate as a debt REIT that invests in residential and commercial mortgage backed securities besides investing in mortgage loans. The residential mortgage backed securities that Invesco is primarily interested in are MBS for which any of the government sponsored Agencies guarantee the interest and principal payment. The company also has non-Agency MBS in its portfolio, which provide the advantage of diversification to more »

• Higher Rentals For This REIT

  By Adnan Khan - February 13, 2013 | Tickers: HCP, HCN, VTR

  Organized in 1985, HCP (NYSE: HCP) operates as an equity REIT seeking to own and manage real estate properties in five healthcare segments; senior housing, skilled nursing, life sciences, medical offices, and hospitals. This self-managed company believes in catering to the US healthcare sector and managing investments that are well diversified by geography, operator, tenant, and investment product.

  Recent Quarter’s Performance

  HCP disclosed solid performance for the fourth quarter more »

• Growth & Yield Drivers Remain in Place for PMT

  By Adnan Khan - February 13, 2013 | Tickers: NSM, NCT, PMT

  PennyMac Mortgage Investment (NYSE: PMT) operates as a specialty finance company that seeks to invest primarily in residential mortgage loans. The company has a market cap $1.52 billion and for the purpose of reporting PennyMac is divided into two: Correspondent Lending and Investment Activities. Under its Correspondent Lending function, PennyMac acquires newly originated loans from mortgage lenders, sells them to an Agency or a third party, or pools them more »

• Which REIT is Right?

  By Adnan Khan - February 13, 2013 | Tickers: AGNC, CYS, HTS

  Hatteras Financial Corp (NYSE: HTS) started operations in 2007 as a mortgage REIT that seeks to invest in single family mortgage backed securities for which any of the government sponsored Agencies guarantees principal or interest payments. The company invests in both fixed rate and Adjustable rate mortgage backed securities. At the end of the fourth quarter of 2012, the company was managing an investment portfolio of $25.8 billion, compared more »

• Is a 14% Yield Sustainable for This mREIT?

  By Adnan Khan - February 12, 2013 | Tickers: AGNC, MTGE, CYS

  American Mortgage Capital Investment (NASDAQ: MTGE) started operations as a sister company of American Capital Agency (NASDAQ: AGNC) in 2011. American Mortgage Capital invests and manages a leveraged portfolio of mortgage backed securities. The portfolio includes Agency and non-Agency residential MBS, while some proportion of the portfolio is also invested in commercial mortgage backed securities. Therefore, the company has a diversified mix of MBS in its investment portfolio. In contrast more »

• Buy This mREIT Despite Headwinds

  By Adnan Khan - February 12, 2013 | Tickers: AGNC, NLY, ARR, NSM, NCT, PMT

  PennyMac Mortgage Investment (NYSE: PMT) operates as a specialty finance company that seeks to invest primarily in residential mortgage loans. The company has a market cap $1.57 billion, and for the purpose of reporting PennyMac is divided into two business segments; Correspondent lending and Investment Activities. Under its Correspondent lending function, PennyMac acquires newly originated loans from mortgage lenders, sell them to an Agency or a third party, or more »

• Three Reasons to Buy This mREIT

  By Adnan Khan - February 11, 2013 | Tickers: AGNC, NLY, ANH, CYS

  Anworth Mortgage Asset Corporation (NYSE: ANH) started its operations in 1998 as a debt mortgage REIT with an objective of providing its shareholders with elevated returns primarily through dividends. For this purpose, the company seeks to invest primarily in mortgage backed securities for which the principal and interest payments are guaranteed by any of the government Agencies like Fannie Mae or Freddie Mac. Traditionally, the company had concentration in adjustable more »

• Is the Recent Dip in CYS a Buying Opportunity?

  By Adnan Khan - February 11, 2013 | Tickers: AGNC, NLY, CYS

  CYS Investments (NYSE: CYS) commenced its operations in 2006 as a mortgage REIT that exclusively invests in Agency mortgage backed securities backed by single family residential mortgage loans. The company’s investment strategy includes fixed rate securities, adjustable rate securities and hybrid ARMs. The company finances its investment portfolio by borrowing short-term using repurchase agreements.

  Investment Portfolio

   

  At the end of the fourth quarter of the prior year, CYS Investments more »

• This Payment Industry Giant Brings Surprises

  By Adnan Khan - February 11, 2013 | Tickers: MA, V

  Visa (NYSE: V) stands to be the largest player in the global payments technology industry with a market cap of over $104 billion. The company seeks to connect consumers, businesses, banks and governments across the globe to fast, reliable and secure electronic payments.

  The company reported better than expected fourth quarter performance. Both the bottom line and top line advanced their respective estimates. While the EPS of $1.82 per more »

• Is American Capital Agency Still Better Than Annaly Capital?

  By Adnan Khan - February 9, 2013 | Tickers: AGNC, NLY

  American Capital Agency (NASDAQ: AGNC) commenced operations in 2008 as a mortgage real estate investment trust (REIT) with an objective of providing its investors with elevated returns primarily through higher dividends. For this purpose, the company invests in long-term term residential mortgage-backed securities for which principal and interest payments are guaranteed by any government Agency. The company finances its investments in residential MBS using short term borrowings (repurchase agreements) and more »

• An 18% Yield Makes This Hybrid mREIT the Best Buy

  By Adnan Khan - February 7, 2013 | Tickers: MITT, MTGE, MFA, TWO

  Two Harbors Investment (NYSE: TWO) commenced operations in 2009 and seeks to invest in residential mortgage-backed securities, residential loans, residential real properties and other financial assets. The company’s target portfolio includes Agency RMBS and Non-Agency RMBS, therefore TWO is classified as a hybrid mortgage REIT. The stock is currently offering an elevated dividend yield of 17.7% and is trading at 38% premium to its book value.

  4Q Performance more »

• What To Expect From Your mREIT When It Reports 4Q

  By Adnan Khan - February 7, 2013 | Tickers: MITT, AGNC, NLY, ARR, IVR

  Invesco Mortgage Capital (NYSE: IVR) operates as a well diversified mortgage REIT with a market cap of around $2.5 billion. The company invests in both residential and commercial mortgage backed securities to provide higher risk adjusted returns to its investors through both dividends and capital appreciation.  The MBS portfolio that the company is invested in is financed by short-term borrowings (repurchase agreements). The company has a large concentration in more »

• Your 16% Monthly Yielding Portfolio

  By Adnan Khan - February 7, 2013 | Tickers: ARR, IRC, WSR

  As the title suggests, I have constructed a double digit (16 percent) yielding portfolio of both debt and equity REITs. The stocks selected for this purpose are Armour Residential REIT (NYSE: ARR), Inland Real Estate Corporation (NYSE: IRC), and Whitestone REIT (NYSE: WSR). The reason for selecting these stocks is that they pay dividends on a monthly basis. Since bills and expenses incur on a monthly basis, investors seeking monthly more »

• Despite No Surprises Is Annaly Still a Buy?

  By Adnan Khan - February 7, 2013 | Tickers: AGNC, NLY, ARR

  Annaly Capital Management (NYSE: NLY) commenced operations in 1997 as a mortgage REIT with the objective of providing its shareholders elevated returns primarily through dividends. The company is self-managed and seeks to invest at least 75% of its total assets in high quality mortgage-backed securities and short term investments. The company’s charter allows the management to invest the remaining 25% of assets in unrated or less than high quality more »

• Buy This REIT Despite Near Term Headaches

  By Adnan Khan - February 6, 2013 | Tickers: AVB, EQR, UDR

  AvalonBay Communities (NYSE: AVB) operates as an equity real estate investment trust that develops and manages multi-family communities in the high barrier-to-entry markets in the US. The company has a large concentration in New England, New York, New Jersey, Washington DC and the Midwestern regions. These are the regions with limited new supply of apartment homes, and lower housing affordability in these markets will result in higher growth in cash more »

• Healthy Trends For Retail REITs

  By Adnan Khan - February 6, 2013 | Tickers: GGP, O, SPG

  Simon Property Group (NYSE: SPG), a self-managed equity REIT with a market cap of $50 billion, reported its fourth quarter 2012 results the other day. The results were better than expected as far as the Funds from Operations and revenues were concerned. The company posted an EPS of $1.01 per common share on revenues of $1.34 billion. The top line beat its estimate by $50 million, while FFO more »

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