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  • The Appeal Of HCP's High Yield Is Limited By Their Troubled Tenant [View article]
    Ventas yield is low on your table, FINIZ are reporting only a fraction of the dividend. The total dividend is .79 and the yield is 4.28% as of close on 4/14/2015
    Apr 14, 2015. 07:55 PM | Likes Like |Link to Comment
  • Meet The New NCT: CDO Recoveries, Golf And A 100%+ Upside Potential Over The Next 2 Years With A 10.6% Yield While You Wait [View article]
    So far so good. I got in at 4.25 and its up to 5.32 now with a .12 dividend on the way.
    Apr 14, 2015. 07:39 PM | Likes Like |Link to Comment
  • New Residential Investment: Analyzing Future Earnings Potential After The HLSS Purchase [View article]
    Thanks for the new analysis on NRZ, I bought more of NRZ back around 12$ a share in part because of your previous article. Looks like it still might be a good buy even after the recent price jump. If it gets anywhere near a 50 cent dividend and 25$ a share, it will have no contenders for my best performing 2015 stock.
    Apr 8, 2015. 11:12 PM | Likes Like |Link to Comment
  • New Senior declares $0.23 dividend [View news story]
    Nice it finally came in, and they cleared up when they will announce their dividends going forward.
    Apr 6, 2015. 07:26 PM | Likes Like |Link to Comment
  • The Case Of Investing In Master Limited Partnerships [View article]
    The distribution went down for MLPL in Q1 2015 (1.4051 vs 1.6246 from Q4 2014). If the distributions of the individual constituents of the index for MLPL are going up, the only conclusion left is that the price decrease in MLPL has led UBS to cut their holdings of certain MLP's in order to rebalance to match the index. Lance Broffman talks about how stock price decreases in these 2x leveraged ETN's can lead to dividend decreases even if the individual stocks don't cut their dividends. Any other conclusions?
    Apr 2, 2015. 12:02 PM | Likes Like |Link to Comment
  • Walker & Dunlop scores biggest deal in company history with New Senior loans [View news story]
    is SNR ever going to announce a dividend for Q1? they are way later than NCT and NRZ.
    Apr 1, 2015. 05:43 PM | Likes Like |Link to Comment
  • Recent Buy: Realty Income Corporation [View article]
    Just bought $WPC today. I got a 5.64% yield that has been increasing every quarter. A little more risky than $O because if its leverage and European exposure, but its price compared to its valuation is much more favorable for going long. I bought $O back when it was yielding 5% and hold much more $O than $WPC, but buying $WPC over $O today was a no-brainer.
    Mar 27, 2015. 04:51 PM | 3 Likes Like |Link to Comment
  • Dovish Fed Statement Puts The Kibosh On 18% Dividend Western Asset Mortgage's Strategy [View article]
    Did some bad math, the book value as calculated should be $14.68. which would be a loss of 26 cents on the Q4 (Dec 31st) book value. Still should be a positive total return (Book value change + dividend) quarter.
    Mar 26, 2015. 06:13 PM | Likes Like |Link to Comment
  • Western Asset Mortgage Capital declares $0.67 dividend [View news story]
    Thanks for catching that. divided by 3 and never doubled it.
    Mar 26, 2015. 06:08 PM | 1 Like Like |Link to Comment
  • Dovish Fed Statement Puts The Kibosh On 18% Dividend Western Asset Mortgage's Strategy [View article]
    WMC has had a tendency to move a lot of their balance sheet around during the quarter and throw off predictions based on the holdings as of the last earnings report. I would guess they took some hedges down based on their announced book value. Which I take to be about $14.91 if you subtract out 2/3 of the announced dividend to give you a good estimate of their actual Feb 28th book value. Using this calculation, they only lost 3 cents on book value up until Feb 28th in Q1, a lot better than expected.
    Mar 26, 2015. 05:39 PM | Likes Like |Link to Comment
  • Western Asset Mortgage Capital declares $0.67 dividend [View news story]
    When I see the 15.13 book value announced, I subtract 2/3 of the dividend amount announced to get an idea of what the book value on Feb 28th would be with the amount of the dividend they earned in the quarter up till then subtracted. 15.13 - (.67 x (2/3)) = 14.91, a three cent drop from the 14.94 book value of Dec 31st. Im glad of the fairly stable book value and a little disappointed in the dividend cut as they earned .87 a share in Q4 2014.
    Mar 26, 2015. 05:06 PM | 2 Likes Like |Link to Comment
  • I Was Simply Wrong About American Capital Mortgage [View article]
    those numbers above are per share and are rounded to nearest 10 cents.
    Mar 24, 2015. 01:06 PM | Likes Like |Link to Comment
  • I Was Simply Wrong About American Capital Mortgage [View article]
    MTGE has about a 1.50$ in tax loss carryover ( roughly 2.80$ in losses on MBS and 1.30$ gain in hedges)- from 2013 to pay down by the end of 2018. I think this had a factor in their decision to cut the dividend - they want to use dollar roll income to pay that down. I sold my position in MTGE because there are better options ( I think MLPL is undervalued , and has a history of dividend raises instead of cuts. NYMT or NRZ are better options in somewhat the same sector as MTGE).
    Mar 24, 2015. 01:02 PM | Likes Like |Link to Comment
  • New York Mortgage Trust declares $0.27 dividend [View news story]
    Just keep those 27 cents coming NYMT! Id be even happier with a special dividend or a dividend raise with all your surplus income, but 27 cents every quarter will always be appreciated.
    Mar 18, 2015. 05:13 PM | Likes Like |Link to Comment
  • MORL March Dividend To Bring Yield To 24%, Yellen Holds The Key To The Future [View article]
    @ KRT - Thanks for cluing me into this indicative value thing. I read the prospectus again and found the Yahoo ticker for UBS's indicative value that they update every 15 seconds - ^MORL-IV. It only had 5 days worth of history on it, and comparing it to MORL's stock price, it is correlated, but they are slightly different prices (MORL was usually slightly below ^MORL-IV).
    The prospectus states "The market value of the Securities is influenced by many unpredictable factors, some of which may cause the price at which the Securities can be sold in the secondary market to vary substantially from the intraday indicative value that is calculated and disseminated throughout trading hours."
    Without historical prices on MORL's indicative value number, its hard to assess how much MORL's stock price has deviated from it, but if it hasn't deviated much during its history, then a run up in stock price from the announcement of a big dividend from MORL and from DRIP purchases of MORL on the pay date wouldn't be reasons this proposed strategy would work. It would be useful to watch these two tickers on the morning of the announcement of MORL's dividend and on the DRIP day to see if they do affect how MORL trades relative to its indicative value. Bloomberg is supposed to have a ticker for MORL's indicative value (MORLIV <INDEX>), but I couldn't find it using a search.
    However, the prices of the underlying securities in the index do affect the price of MORLs indicative value. looking at NLY, it goes ex dividend before you would buy MORL using this strategy and pays after you would sell. (AGNC and STWD, which combined make up more of the index than NLY, do have their payout dates during the time you would hold MORL using this strategy)
    Perhaps you are just getting the low price from all the selling that sometimes follows mREITs going ex dividend, and you are getting the run up in price from the purchasing that happens after the selling. This is what you indicated may be the strategy. It's also in a time frame of relative rate stability and lack of uncertainty (between a jobs number and the FOMC meeting).
    Mar 16, 2015. 02:15 PM | Likes Like |Link to Comment
COMMENTS STATS
316 Comments
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