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Patrick Harden

  • Patrick Harden
    $AGNC suffers a nasty hit from its market positioning during Q1. It was bound to happen sooner or later. Dollar roll strategy hurting TI.
    May 2, 4:11 PM
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      • Patrick Harden
        Newcastle ($NCT) formalizes spinoff of New Residential ($NRZ). Record date May 6, distribution date May 15.
        Apr 26, 1:27 PM
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          • Patrick Harden
            Flash crash in shares of new IPO Hannon Armstrong $HASI. Shares dipped as low as $4.50 before recovering to $11.15.
            Apr 23, 10:49 AM
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              • Patrick Harden
                $PMT reports $0.90/sh in Q1 GAAP earnings - almost 100% of net income is due to non-cash mark-to-market gains based on PMT model assumptions
                Apr 23, 8:47 AM
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                  • Patrick Harden
                    Net lease REIT craze has swept up Gramercy ($GPT) - shares now trading at 1.33x pro forma book value. Seems lofty.
                    Mar 28, 1:53 PM
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                      • Patrick Harden
                        Capital Trust ($BXMT) announces recapitalization - Company will effect reverse split and offer new shares. Currently trading above book.
                        Mar 27, 8:21 AM
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                          • Patrick Harden
                            I think $ARCP should win the support of CCPT III shareholders based on solely on their awesome smackdown letter.
                            Mar 22, 9:14 AM
                            Reply (2)
                            • Minutemen: This fight is turning out to be as entertaining as the Ali/Foreman "Rumble in the Jungle" match.
                              Mar 22, 9:48 AM
                            • jmodrkrk: I just commented the exact same thing on the actual letter, haha, this is great.
                              Mar 22, 11:55 AM
                              • Patrick Harden
                                Think $TWO shareholders are somewhat disappointed by the paltry $0.01 dividend from $SBY? Gonna take $SBY a while to ramp up dividend.
                                Mar 21, 5:05 PM
                                Reply (1)
                                • DaLatin: I'm ok & share price creeped back up. Didn't close on high,but, aok 4 me.
                                  Mar 21, 5:37 PM
                                  • Patrick Harden
                                    $NLY, $AGNC, $CMO, $HTS all maintain or increase dividends. What's wrong with $CYS and $ARR?
                                    Mar 20, 4:33 PM
                                    Reply (1)
                                    • DaLatin: They cut. ARR has 3 cuts in a row. or is it 4. From 11 to 7/month. Not hedged agaist rate increases.Good thing Ben will let Yellen hike !
                                      Mar 20, 4:38 PM
                                      • Patrick Harden
                                        Is the net lease REIT craze officially out of control? $O $ARCP $SRC $GPT
                                        Mar 20, 10:18 AM
                                        Reply (1)
                                        • Michael Terry: Spot on Patrick. The bond like qualities are attractive, but as the REITs get bigger and competition intensifies, watch the cap rates.
                                          Mar 20, 1:57 PM
                                          • Patrick Harden
                                            Who is buying Altisource Residential $RESI in front of an imminent secondary? Co filed an S-11 to offer shares late Friday.
                                            Mar 18, 12:12 PM
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                                              • Patrick Harden
                                                $MFA understates taxable income from 2012-2013. Accounting for non-agency MBS is hard, ask $CIM.
                                                Mar 4, 12:54 PM
                                                Reply (1)
                                                • DaLatin: What a bargain CIM turned out to be when that mess drove it under 2 :>) Now NLY paid a fair penny
                                                  Mar 4, 12:58 PM
                                                  • Patrick Harden
                                                    $NCT offering prospectus notes core earnings to be $0.18-$0.20/share for Q4. Q4 GAAP net income s/b $0.31 - $0.33/share.
                                                    Feb 11, 5:51 PM
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                                                      • Patrick Harden
                                                        $AGNC borrowed a trick from $CYS, utilizing forward-settling purchases to generate drop income. But will stock suffer same decline as $CYS?
                                                        Feb 7, 4:14 PM
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                                                          • Patrick Harden
                                                            Ready for Countrywide v2.0? Bloomberg: http://bloom.bg/WCwC0j S-1: http://1.usa.gov/Wwur0f Related tickers: $BAC $PMT
                                                            Feb 7, 9:26 AM
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                                                              • Patrick Harden
                                                                Expecting an ugly Q4 report from $NLY, but think worst is priced in. Took a small long position this morning.
                                                                Feb 5, 10:40 AM
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                                                                  • Patrick Harden
                                                                    Transformational move by Annaly (NLY) in offering to acquire CreXus (CXS). If only they'd end Chimera's (CIM) misery.
                                                                    11/12/12
                                                                    Reply (1)
                                                                    • Joseph P. Porter: Chimera is next. I'd lay money on it.
                                                                      11/12/12
                                                                      • Patrick Harden
                                                                        PMC Commercial Trust (PMC) fails to find a buyer; ends strategic review. Dividend is going to be cut by 25% to $0.12/share.
                                                                        10/26/12
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                                                                          • Patrick Harden
                                                                            Huge book value growth at Hatteras - shares trading well under book. HTS would do well to declare a buyback like NLY.
                                                                            10/23/12
                                                                            Reply (1)
                                                                            • Mpac1: But do they have the cash like NLY does?
                                                                              10/26/12
                                                                              • Patrick Harden
                                                                                CYS delivers solid Q3, with $0.48/share in core earnings. Book value soared to $14.46/share.
                                                                                10/17/12
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