More on the carnage in mREITs (REM -5.2%): The pain seems worst  for agency REITs and those...


More on the carnage in mREITs (REM -5.2%): The pain seems worst  for agency REITs and those most exposed to fixed rates. Western Asset (WMC -9.8%), Ellington Residential (EARN -6.5%), AG Mortgage (MITT -7.5%), Apollo (AMTG -6.7%). Owners of ARMs like Hatteras (HTS -6.6%) and Capstead (CMO -6.4%) aren't spared either. Less torched are stocks like Dynex (DX -2.7%) and Ellington Financial (EFC -3.3%) - both with plenty of non-agency paper on their books and thought to be a well-hedged as they come (yes, we know EFC is a partnership, not an mREIT).
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Comments (2)
  • Micro_Cap_Value
    , contributor
    Comments (201) | Send Message
     
    EFC -- "plenty of non-agency paper"? the majority of their portfolio is non-agency and heavily hedged. And thank you for noting it is not an mREIT, although to include in the same grouping is still quite a stretch.
    5 Jul 2013, 11:45 AM Reply Like
  • seeking0512
    , contributor
    Comment (1) | Send Message
     
    In this kind of environment for mREIT would it be wised to reinvest the dividend since price of the stock is normally higher on the day the dividend is reinvested?
    5 Jul 2013, 02:20 PM Reply Like
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