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With interest rate fears subsiding until at least 8:30 tomorrow morning, mREITs (MORT +1.9%) get...

With interest rate fears subsiding until at least 8:30 tomorrow morning, mREITs (MORT +1.9%) get a breather. Leading higher were American Capital (AGNC +3.4%), (MTGE +1.1%), Chimera (CIM +2.7%), Hatteras (HTS +2.4%), CYS Investments (CYS +1.9%), Javelin (JMI +4.7%), and Annaly (NLY +1.9%). One theme from conference presentations this week: Most have taken advantage of widening spreads to buy - if rates come in, they're set to profit.
Comments (11)
  • Caraita
    , contributor
    Comments (41) | Send Message
     
    These Reits seem to be way over sold at least good for a bounce play.
    6 Jun 2013, 04:53 PM Reply Like
  • larryny
    , contributor
    Comments (8) | Send Message
     
    Already took advantage of several risiculous declines and I'm sure ACAS did as well as they have been a consistent buyer, why not NAV exceeds $18.
    6 Jun 2013, 05:00 PM Reply Like
  • itscalledcommonsense
    , contributor
    Comments (654) | Send Message
     
    Closed the put spreads today. Hopefully the mREITS rally big so I get another chance.
    6 Jun 2013, 05:29 PM Reply Like
  • VeroMike
    , contributor
    Comments (244) | Send Message
     
    Sold my agnc at $32 on 5/2/2013, bought back this morning before open at $25.20, almost 4% gain. I owned almost two years on and off.
    I hope the news tomorrow am is good and the stock rallies.
    6 Jun 2013, 05:49 PM Reply Like
  • jbbson
    , contributor
    Comments (737) | Send Message
     
    That is exactly what these stocks do for you.
    6 Jun 2013, 07:24 PM Reply Like
  • charles111
    , contributor
    Comments (60) | Send Message
     
    Wish I had done the same!!!
    6 Jun 2013, 11:06 PM Reply Like
  • croatkid1
    , contributor
    Comments (211) | Send Message
     
    Anyone have the X date and the current payment dates for AGNC ?? TIA...
    6 Jun 2013, 08:17 PM Reply Like
  • nhperlman
    , contributor
    Comment (1) | Send Message
     
    Not published yet but last year the ex date was 6/19.
    6 Jun 2013, 09:49 PM Reply Like
  • Miz Magic DiviDogs
    , contributor
    Comments (4606) | Send Message
     
    Croatkid, if they stay on schedule, they should announce their next dividend tomorrow, with ex-div date on or about 6/18/13, date of record on or about 6/20/13, and pay date on or about 7/26/13.

     

    Miz
    6 Jun 2013, 09:19 PM Reply Like
  • traderbear
    , contributor
    Comments (10) | Send Message
     
    AGNC and MTGE are likely to declare dividends on Friday or Monday. If their comments that the earnings issues were one-off occurrences and the future looks good, then they can prove themselves by maintaining the dividend. That event would rally the entire sector.
    6 Jun 2013, 09:49 PM Reply Like
  • JMichaelH1
    , contributor
    Comments (2) | Send Message
     
    traderbear - I hope you right! ..I was thinking the exact same thing. By maintaining the same dividend - that would be a big, bold statement - and they can pay it with the volume of shares bought /sold they've had the past 2 weeks - they should at least carry it forward thru the next 2 cycles. ...however, if they decide to lower the dividend - my guess is that they will lower to 1.10 or 1.15... Anyone agree?
    7 Jun 2013, 03:05 AM Reply Like
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