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Greg Group
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MBA with extensive background in strategy and investing. Founder of investing company specializing in advanced option strategies and monthly income generation through covered calls and other investments.
My company:
Get Rich - Stay Rich
My blog:
Get Rich - Stay Rich: Investing for Monthly Income
My book:
Get Rich - Stay Rich: Investing for Monthly Income
  • Mortgage REITs Are Still An Attractive High Yield Dividend Play 3 comments
    Oct 14, 2012 10:19 PM | about stocks: IVR, MTGE, AMTG, MORT

    Mortgage REITs have garnered increased attention among investors in recent weeks after the Federal Reserve announced stimulus measures focused on the purchases of mortgage backed securities. The Market Vectors Mortgage REIT Income ETF (NYSEARCA:MORT), which seeks to replicate the price and yield performance of the Market Vectors Global Mortgage REITs Index, has gained over 20 percent year-to-date.

    Mortgage REITs (mREITs) continue to be that right place for high yield investors. The mortgage REITs are currently at a 4% premium to estimated third quarter book value and yielding 12.0%. One of the biggest risks to mREITs is increasing mortgage prepayments as the reinvestment risk is higher when interest rate spreads decline. The latest data suggests that mortgage prepayment rates showed a slowdown in the level of activity in September.

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Comments (3)
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  • Mellowmix
    , contributor
    Comments (5) | Send Message
     
    Mortgage REITS still represent among the best yields around. In some respect they have become a safe haven.
    15 Oct 2012, 01:49 PM Reply Like
  • Mellowmix
    , contributor
    Comments (5) | Send Message
     
    Mortgage REITs like IVR and CYS still will hold a dividend edge over most similar investments regardless of the Fed's actions through portfolio adjustments and leverage increases.
    15 Oct 2012, 01:50 PM Reply Like
  • Alex S. Gabor
    , contributor
    Comments (224) | Send Message
     
    I think I will short a million shares just for kicks!
    8 Mar 2013, 03:19 PM Reply Like
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