The hot mortgage REIT sector gets a bit frothier as Javelin Mortgage (JMI) files to raise $125M...

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drmwsunner Comments (66)
 
ARR has disappointed with all of the secondary offerings and also the drop in dividend payouts from $0.12 to $0.09 in less than a year. I sold my last tranch for a loss because of the last divy drop from $0.10 to $0.09.....between the two accounts I manage, I held 27,000 shares. You just don't know when they are going to issue another secondary or lower their divy payout. They're drunken sailors at ARR.
25 Sep 2012, 01:45 PM Reply Like

DingoDog Comments (5)
 
perhaps,,but as of now the stock is still going up....I don't have near 27k shares but I will con. to hold for now
25 Sep 2012, 01:53 PM Reply Like

AlbyVA Comments (338)
 
Secondarys are not bad for MREIT shareholders. It is a short term drop in exchange for a long term gain. The secondary money gets levered up and makes boatloads of $$$ cash for the business.
25 Sep 2012, 02:17 PM Reply Like

vhicklin Comment (1)
 
I agree, this one makes me nervous had 20k and just sold today if it dips 10 points i may buy again before x div date.
you can tell the managers are only looking out for the managers
i would look for the div to continue to drop until the return goes to 10%
do you have any other monthly div stocks that you like?
i have phk,psec,hix,agd also like hyd but it only pays 5%
25 Sep 2012, 05:20 PM Reply Like

Mike Maher Comments (1767)
 
VNR is an oil and gas mlp, they just converted to monthly
25 Sep 2012, 07:49 PM Reply Like

sk1053 Comments (6)
 
if you took a loss on this last drop to about 7.39 or so,,,,you are late to the party. I have about that many, collected from 6.6.5,,,6.80,,,,7.01..... get the idea. These levels are a good cushion but not a price to start. (IMO)
25 Sep 2012, 08:33 PM Reply Like

sk1053 Comments (6)
 
former wall street partner,,,,boutique firm

Manage my $$$$ to live
25 Sep 2012, 08:35 PM Reply Like

starbase Comments (8)
 
at a lost!? that comes out to over 2g's a month on divs. arr has been steady at $7-8
25 Sep 2012, 10:33 PM Reply Like

bernie 1 Comments (392)
 
Thanx Mike-------------I bought VNR yesterday & was up all night thinking of the politics going on in oil & gas.
I do have ARR in my trading account for now,but in my IRA I'm keeping ARR preferred A plus my royalty & mlp's. This way I build the cash & keep my accountant sane !
26 Sep 2012, 06:16 AM Reply Like

jaylauriano Comment (1)
 
Then why is the div dropping? At best, the secondaries are preventing a greater decline of the div.
29 Oct 2012, 01:19 PM Reply Like

Donadog0 Comments (33)
 
Re-investing dividends at lower prices as I don't own 27k shares.
25 Sep 2012, 02:40 PM Reply Like

Max Tybroski Comment (1)
 
Take a look at PGH 6.99% monthly
25 Sep 2012, 06:31 PM Reply Like

Patrick Harden Comments (408)
 
Javelin is intended to be the non-agency sister of ARMOUR, much like the relationship between AGNC and MTGE. We'll see how well the ARMOUR management team handles the credit risk introduced by investing in non-agency MBS. Non-agency MBS have had quite a run - not sure how much more room is left to the upside. I think Javelin is late to the party. Of course, as long as the yield curve remains positively sloped, mREITs are guaranteed to be profitable.
25 Sep 2012, 08:49 PM Reply Like

roberto48 Comment (1)
 
look to AOD and CFP closed end funds (14.51% and 19.48%) monthly
25 Sep 2012, 10:15 PM Reply Like

Brian Bobbitt Comments (1347)
 
Every time some company issues more stock or changes something, lots of folks panic thinking they are trying to hide something. Look at NLY and CIM. Am I happy with both of those. You bet yur best anchor matey!

ARR is one of the best paying REITs and when something changes, many want the others to head for cover. This is just another expansion and proof that the industry is vibrant.

I will be watching the new offer, and all the other pertinent facts regarding owning a stock, and buy more or sell some as the facts NOT the emotions govern my thinking.

Holding ARR for the reason I got in, for the dividend.

Capt. Brian
The Lost Navigator
26 Sep 2012, 09:49 AM Reply Like

AlbyVA Comments (338)
 
Agreed.. I'm in ARR for the dividend, not the stock price swings. Plus, after about 5/yrs of dividends, your money has doubled.
26 Sep 2012, 11:30 AM Reply Like