Rate worries have the mREIT sector (REM -1.6%) turning sharply lower again. Leading the way...


Rate worries have the mREIT sector (REM -1.6%) turning sharply lower again. Leading the way today is Javelin Mortgage (JMI -5.9%) - the non-agency mREIT externally managed by Armour Residential (ARR -1.7%) - after a downgrade to Sell at Barclays, which also cuts its price target to $14 from $21. Others: Annaly (NLY -3.1%), Chimera (CIM -2.1%), Invesco (IVR -2%), Two Harbors (TWO -2.2%), Hatteras (HTS -2.1%).
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Comments (10)
  • maxcrc
    , contributor
    Comments (142) | Send Message
     
    "analysts"At Barclays are pathetic, if yesterday had a $21 price target and today $14, it means they are absolute inepts and should change job. This is not an adjustment, this is an earthquake, if they can totally misunderstand stocks,they'd better refrain to give a target. They move their target accordingly to the current price, even my 89-years old granny can do that. Where is the insight than ?
    17 Jun 2013, 03:28 PM Reply Like
  • worldbank
    , contributor
    Comments (441) | Send Message
     
    Let me see if I can get this right.
    Insight:
    I have a new NLY price target for May 31 of $13.58.
    Report dated June 17.
    Thank You, Thank You, Just call me an analyst!!
    17 Jun 2013, 04:59 PM Reply Like
  • northhills24
    , contributor
    Comments (1735) | Send Message
     
    totally absurd and when the MEITS recover everyone will have forgotten this massive sell off.
    17 Jun 2013, 07:11 PM Reply Like
  • Reg Mig
    , contributor
    Comments (11) | Send Message
     
    Most these analysts are pathetic and incompetent at best . I totally disregard them .
    17 Jun 2013, 03:46 PM Reply Like
  • REIT Analyst
    , contributor
    Comments (500) | Send Message
     
    Ok, I'll break it to you, here is the secret formula:
    Target price = round([last week's close] * (1 + rand() * 0.05), 0)
    Best published after a large market move.
    17 Jun 2013, 03:57 PM Reply Like
  • itscalledcommonsense
    , contributor
    Comments (2536) | Send Message
     
    What about the NIM!
    17 Jun 2013, 04:50 PM Reply Like
  • jordan88j
    , contributor
    Comments (3) | Send Message
     
    ARR is now a good buy
    17 Jun 2013, 04:50 PM Reply Like
  • Cavalaw
    , contributor
    Comments (167) | Send Message
     
    Jordan......You are right. The principle for ARR is "what doesnt kill you, makes you stronger"
    17 Jun 2013, 06:36 PM Reply Like
  • 67g8i32
    , contributor
    Comments (300) | Send Message
     
    Every other Mreits has announced div on time, either maintain or increase. Agnc, mtge is waiting for--- going to $0?
    17 Jun 2013, 07:34 PM Reply Like
  • alvey
    , contributor
    Comments (3) | Send Message
     
    I am a retired account executive from 3M Corp. I had started day trading, but to save my marriage, I turned my attention to less volatile endeavors. Stress level is down, wife is happy, but I still like to dabble in it. I've gotten to where I don't invest in anything that doesn't pay some sort of interest and/or dividend. The years have taught me it's not how much you make, it's how much you keep.
    18 Jun 2013, 03:21 PM Reply Like
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