AG MORTGAGE INVT TR INC
This article aims to introduce you to another opportunity in the making. Javelin Mortgage Investments (NYSE: JMI) is currently trading in-line with most of its peers as far as its book value multiple is concerned. The stock is also offering a handsome and stable dividend distribution and yielding over 14%. Therefore, I recommend investors buy this hybrid mortgage REIT.
Javelin Mortgage Investment is a relatively new hybrid mREIT that seeks more »
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 »
Agency mortgage REITs are real estate investment trusts that seek to invest in mortgage backed securities for which any of the government Agencies, like Fannie Mae, Freddie Mac and Ginnie Mae, guarantee interest and principal payments. Therefore, Agency paper is considered to have no default risk. In contrast, non-Agency mortgage REITs invest exclusively in non-Agency MBS. Non-Agency securities are considered to offer considerably higher yields compared to Agency securities. Hybrid more »
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 »
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 »
I am bullish on AG Mortgage Investment Trust (NYSE: MITT) because I believe the stock has attractive relative valuations, as well as diverse asset mix that not only supports, but also enhances the company’s shareholder distribution, making an elevated dividend yield possible is an added advantage. The company’s MBS portfolio has low prepayment speeds combined with low coupon rates, making it an ideal asset portfolio under the given more »