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Two Harbors (TWO +0.1%) tops Credit Suisse's list of mREITs (REM) to own given the new rate...

Two Harbors (TWO +0.1%) tops Credit Suisse's list of mREITs (REM) to own given the new rate environment - considerably more favorable now that the yield curve has steepened. Hybrids in general offer better risk/reward than agency-only names, says CS, which also likes Ellington Financial (EFC is a partnership, not a REIT, but EARN is a REIT and is run by the same team). The analysts also like the specialized business models at Newcastle (NCT), New Residential (NRZ), and PennyMac (PMT).
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  • Michael Bryant
    , contributor
    Comments (5182) | Send Message
     
    (NCT) and (NRZ) make 18% of my portfolio.
    16 Jul 2013, 10:54 PM Reply Like
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