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  • Western Asset Mortgage Capital Cuts Dividend, But The Worst Isn't Over. Bears Party On [View article]
    Take a closer look at the dividend announcement, they report book value as of Aug 31st as $14.10 (not including dividend announced). I just take 2/3 of the dividend and subtract that from their reported BV to get a $13.70 book value because they had theoretically earned 2/3 of the dividend by Aug 31st. That is a slight book value loss from the $13.89 they reported June 30th. Sure the hedges could still swing that book value either way, but MBS values have increased slightly since Aug 31st. Having this peek at book value 2 months into Q3 gives us some indication that the quarter will have a book value loss smaller than the dividend paid and thus give us a positive return for the quarter.
    Sep 24, 2015. 10:03 PM | 3 Likes Like |Link to Comment
  • Western Asset Mortgage Capital declares $0.60 dividend [View news story]
    Using my 2/3 dividend subtraction estimation - Book Value is $13.70 per share on August 31st when you factor in the dividend announced. Looks like they may actually get a positive return (book value change + dividend is positive) this quarter as BV was 13.89 at the end of Q2. This is positive news despite the dividend cut. last quarters return was flat. I'm more concerned with positive return than I am with dividend changes.
    Sep 24, 2015. 05:18 PM | 2 Likes Like |Link to Comment
  • The New York Mortgage Trust Poker Game [View article]
    I've stopped my DRIP on NYMT and will put the dividend into NRZ. If the dividend and book value keep going down to the point that their book value losses are bigger than their dividend payout, (negative returns)I'll likely sell out. NYMT used to be the only mREIT I trusted to keep their dividend stable. NRZ seems to be better in this environment. If rates rise, they earn more. Ive not yet thrown in the towel on NYMT, but the trust is gone.
    Sep 23, 2015. 04:47 PM | 4 Likes Like |Link to Comment
  • New York Mortgage Trust declares $0.24 dividend [View news story]
    I think NRZ is a suitable replacement. they just RAISED their dividend. Yield is similar, but a little lower.
    Sep 22, 2015. 02:58 PM | Likes Like |Link to Comment
  • New York Mortgage Trust Took A Bath Recently, But It Got The Dirt Off [View article]
    Thanks for putting that dividend cut possibility in this article, it turned out to be prophetic despite managements hopes expressed in the Q2 earnings report and conference call.
    Sep 18, 2015. 05:37 PM | Likes Like |Link to Comment
  • New York Mortgage Trust declares $0.24 dividend [View news story]
    Steve Mumma on Q2 earnings Aug 4 2015 - "We continue to believe our current portfolio, coupled with improved loan sales execution in our distressed loan portfolio and the full deployment of excess liquidity can generate annual earnings that are reflective of our current dividend policy." He also said CPR's would subside, they would have more timely loan sales in Q3, and the new second lien mortgage program would expand the net interest margin.
    Guess this didn't work out as he planned. He sounded so hopeful for maintaining the dividend.
    Sep 18, 2015. 05:07 PM | 3 Likes Like |Link to Comment
  • New York Mortgage Trust declares $0.24 dividend [View news story]
    rethinking this one.
    Sep 18, 2015. 04:32 PM | 2 Likes Like |Link to Comment
  • O Vs. NNN: Is Bigger Better? [View article]
    Long O and recently opened a position in NNN. Im happy owning both. It diversifies me a bit. Thanks for the easy look deeper into the books of these great companies. I expect similar returns from them.
    Aug 28, 2015. 07:46 PM | 2 Likes Like |Link to Comment
  • Robinhood Trading App Review [View instapost]
    Another item to mention is robinhood trades with a first in first out method that you cannot change.
    Aug 13, 2015. 01:44 PM | Likes Like |Link to Comment
  • New York Mortgage call: Management looks for better Q3, preps new program [View news story]
    I think they will keep it at .27 because the CEO talked about how they will earn more in Q3. I think that shows he expects to pay out .27.
    Aug 5, 2015. 08:30 PM | 3 Likes Like |Link to Comment
  • New York Mortgage Trust income and book value slips in Q2 [View news story]
    The average earnings per share and per quarter since starting to pay their usual 27 cent dividend has been 29.3 cents per share. I am planning on buying more, management seems to understand what it takes to keep the dividend streak alive and the book value stable. The book value is still up 31 cents per share from 3 years ago when they started the 27 cent dividend and that time period includes the taper tantrum in the summer of 2013 when their mREIT competitors took massive book value hits and cut their dividends. Long NYMT on a DRIP and accumulating.
    Aug 4, 2015. 10:55 PM | 2 Likes Like |Link to Comment
  • Western Asset Mortgage's BV, Dividend, Risk, And Valuation To Several mREIT Peers - Part 1 [View article]
    Great article! One of the best looks at NYMT I've seen. Long NYMT, WMC. Thank you for your hard work!
    Jun 11, 2015. 05:06 PM | 9 Likes Like |Link to Comment
  • New Residential -4.3% after pricing secondary [View news story]
    whoops! bought yesterday. I have a knack for that sort of thing.
    Jun 10, 2015. 09:41 AM | 6 Likes Like |Link to Comment
  • Rough session for mortgage REITs as yields crank higher [View news story]
    It is a good thing, it just has to overcome book value losses from MBS values going lower, and general trends toward abandoning higher yielding assets for less riskier assets as long term rates rise. When rates rise fast, mREITs tend to do worse. Slow rise is better. This rise has been more on the fast side of things.
    Jun 5, 2015. 06:44 PM | 8 Likes Like |Link to Comment
  • W. P. Carey Inc. launches $400M ATM offering [View news story]
    not only is it a 52 week low, but the upcoming dividend will have to be paid on the new shares as well.
    Jun 3, 2015. 06:28 PM | Likes Like |Link to Comment