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Armour Residentail (ARR +4.8%) surges after holding its monthly distribution steady at...

Armour Residentail (ARR +4.8%) surges after holding its monthly distribution steady at $0.07/share. Capstead Mortgage (CMO +2%) gains as well after maintaining its quarterly payout at $0.31. The mREIT sector (REM +1.5%). Some other names moving: Invesco (IVR +2.1%), Two Harbors (TWO +1%), Hatteras (HTS +1.6%), Anworth (ANH +1.8%), Western Asset (WMC +3.4%), PennyMac (PMT +2.1%).
Comments (14)
  • Van Hyder
    , contributor
    Comments (162) | Send Message
     
    Come on AGNC, you can do it too!!
    13 Jun 2013, 10:10 AM Reply Like
  • Dividend Living
    , contributor
    Comments (251) | Send Message
     
    Spontaneous Halleluia Chorus!
    13 Jun 2013, 10:25 AM Reply Like
  • MobilePreacher
    , contributor
    Comments (424) | Send Message
     
    AGNC is still a casino, CMO proves we know whats in their book... and its exactly as advertised, short duration adjustable rate assets
    13 Jun 2013, 10:26 AM Reply Like
  • Javimanic
    , contributor
    Comments (232) | Send Message
     
    calling AGNC a casino is too harsh-last I checked, once the casino money is gone they dont allow you to wait around for a year or two and see if it comes back to value!--That's just weak fear thinking by associating AGNC with a casino IMO.
    13 Jun 2013, 10:33 AM Reply Like
  • maxcrc
    , contributor
    Comments (128) | Send Message
     
    AGNC still has to declare the dividend, if tomorrow AGNC will declare a dividend of $1 or more, it will shoot up to the sky too, if it will be below $1, there might be problems. AGNC has been the main target of all bashing and panic selling in the past weeks in the MReit sector
    13 Jun 2013, 10:50 AM Reply Like
  • dieuwer
    , contributor
    Comments (2255) | Send Message
     
    NLY has been a target for bashing as well.
    13 Jun 2013, 11:35 AM Reply Like
  • MobilePreacher
    , contributor
    Comments (424) | Send Message
     
    jav, we dont really know what kind of rate risk AGNC has. Its pure guess work, thus the comment about it being a casino, cause its a guessing game. If we are looking for income, you want something slow, steady and predictable... AGNC is none of those right now. that was my broader point
    14 Jun 2013, 06:22 AM Reply Like
  • Anonymous 2
    , contributor
    Comments (308) | Send Message
     
    When one lists the mREITs in order by current (past 12 month rolling dividend) yield it is difficult to understand how either MORT or REM comes up with their double digit yields - UNLESS of course - and this is the answer - the manager heavily weights the portfolio to include more dollars allocated tithe higher paying mREITS. This it is important to understand the criteria of each of the two ETFs - but a double digit current yield is pretty good in that it does provide the "safety" of diversification in a relatively misunderstood sector subject to influences which are macro and generic and thus not subject to the traditional service or product oriented corporation.
    13 Jun 2013, 11:11 AM Reply Like
  • arpy
    , contributor
    Comments (13) | Send Message
     
    Don't forget that the fed was scheduled to buy bonds today. It probably influenced the purchase of these bond funds today. The recent sales of this type fund also influenced the size of the market reaction.
    13 Jun 2013, 11:39 AM Reply Like
  • tstreet
    , contributor
    Comments (560) | Send Message
     
    The uncertainty with regard to AGNC is probably part of the reason it has drifted down so much. It is up a bit today with the ARR announcement but this may be just stemming from a gut reaction and not long lasting. It has become a bit annoying that AGNC is waiting so long to declare its dividend.

     

    The other problem is that even when AGNC releases information, it is quite a challenge to figure out what is really happening. We now get a report that AGNC is bullish on the value of MBS because of a reduction in supply. That makes it tempting to do some buying before the div announcement but not tempting enough given how much we have been burned the last month.

     

    13 Jun 2013, 11:52 AM Reply Like
  • stefan39
    , contributor
    Comments (3) | Send Message
     
    The selling is not done yet
    13 Jun 2013, 12:17 PM Reply Like
  • Tack
    , contributor
    Comments (12765) | Send Message
     
    Other than lots of hysteria, conditions haven't changed materially for the MREIT sector, as yet, even for the fixed-rate portfolios. Variable-rate holdings rising in tandem.

     

    http://1.usa.gov/oLC2C9
    13 Jun 2013, 12:34 PM Reply Like
  • NV_GARY
    , contributor
    Comments (1768) | Send Message
     
    Any idea what has cause such a big leap in WMC? No news at their site.
    13 Jun 2013, 01:22 PM Reply Like
  • Dividend Living
    , contributor
    Comments (251) | Send Message
     
    http://bit.ly/11wQt0N article about how their dividend is sustainable, and a general rebound in stocks and especially mREITs from AGNC words and ARR, CMO maintaining dividends.
    13 Jun 2013, 02:19 PM Reply Like
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