Seeking Alpha

CYS leads mREITs higher after insider buy

  • CYS Investments (CYS +7.1%) leads the mortgage REITs (REM +2.5%) higher a day after its CEO Kevin Grant purchased 34K+ shares of company stock. Grant last purchased shares during the month of May (at far higher prices).
  • It's been a busy season of insider buys at the beaten-down mREITs. Of note are a number of purchases at Annaly (NLY +3.2%).
  • Among other movers today: American Capital (AGNC +4.1%), (MTGE +2.7%), Invesco (IVR +3.6%), New York Mortgage (NYMT +2.5%), Anworth (ANH +1.8%), Capstead (CMO +2.4%) (see new SA contributor MobilePreacher's take: Capstead, The 'Perfect' Security).
  • Related ETFs: (MORT +0.2%), (MORL +5%).
Comments (3)
  • poclerk
    , contributor
    Comments (428) | Send Message
    Dynex, symbol DX, is another mREIT with considerable insider ownership.
    23 Aug 2013, 12:58 PM Reply Like
  • citidel1968
    , contributor
    Comments (4) | Send Message
    Another example of using your losses for the CEOs to make money.
    25 Aug 2013, 02:08 PM Reply Like
  • poclerk
    , contributor
    Comments (428) | Send Message
    Where do you hide, citidell? Where do you hide? Place your bets, gentlemen, place your bets.
    26 Aug 2013, 10:13 AM Reply Like
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