Minus sector giants, mREITs head higher


There's a bit of green spreading across the mREIT sector this morning as Treasurys reverse an early plunge following the strong jobs report - the 10-year yield is now off 3 basis points to 2.85% after climbing to 2.93% just after the 8:30 ET release.

However, there's no relief for sector leaders Annaly (NLY -1%) and American Capital Agency (AGNC -1.5%), both of  which continue to reel following Goldman's Sell recommendation yesterday - each have carved out new 52-week lows this morning. There may be plenty of players in the mREIT sector, but for the institutional big boys who have the Goldman report on their desks, there's just NLY and AGNC. Others in the red include: Armour (ARR -0.7%) and CYS Investments (CYS -1.1%).

Posting gains: Chimera (CIM +0.8%), Invesco (IVR +0.2%), Hatteras (HTS +0.2%), Dynex (DX +0.7%), New York Mortgage (NYMT +0.3%), Apollo Residential (AMTG +0.7%), Javelin (JMI +1.1%), AG Mortgage Investment (MITT +2.3%).

Related ETFs: REM, MORT, MORL.

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Comments (12)
  • hummerh25
    , contributor
    Comments (99) | Send Message
     
    ARR, NLY and AGNC are dead for another year. ARR at $2.50 and a .
    $0.36 dividend.
    6 Dec 2013, 11:53 AM Reply Like
  • holydawn
    , contributor
    Comments (146) | Send Message
     
    do you mean ARR will have a $.03 div?
    6 Dec 2013, 12:08 PM Reply Like
  • chopchop0
    , contributor
    Comments (5217) | Send Message
     
    I'll collect my dividends while I await signs of re-awakening
    6 Dec 2013, 12:47 PM Reply Like
  • LaDon
    , contributor
    Comments (3) | Send Message
     
    ARR at $2.50 ????
    6 Dec 2013, 12:53 PM Reply Like
  • Red Lion
    , contributor
    Comments (10) | Send Message
     
    NLY and AGNC are trading 21% below the last quarter book value. Goldman is placing a sell at the trough. I think a great opportunity to buy, if willing to hold for a 12 month crest.
    8 Dec 2013, 09:48 AM Reply Like
  • Red Lion
    , contributor
    Comments (10) | Send Message
     
    On NLY and AGNC....BUY! BUY! And BUY AGAIN!!!!
    8 Dec 2013, 09:48 AM Reply Like
  • Christopher F. Davis
    , contributor
    Comments (1784) | Send Message
     
    Ive told you about JMI. NYMT is strong too.
    6 Dec 2013, 12:27 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11221) | Send Message
     
    ITM calls for NLY look interesting here.

     

    JUL14 $8 calls for only $1.97!!!

     

    Do you think NLY can gain 20¢ in price value per share over the next 8 months...where it would STILL be ~21% under current book?

     

    Think about it.
    6 Dec 2013, 12:55 PM Reply Like
  • Ron Reed
    , contributor
    Comments (346) | Send Message
     
    Be careful there and ensure you include the dividend in the pricing of options for NLY, holding only the contract you will miss out on the div, so it is calculated as a loss as opposed to holding the stock.
    6 Dec 2013, 01:25 PM Reply Like
  • Cavalaw
    , contributor
    Comments (167) | Send Message
     
    ARR s performance right now. is simply. capitulation of retailers who should have never been in Reits. to begin with . And the sooner they capitulate , the better. Declaration of dividends for the next Q coming in two weeks. If dividend is mantained it should boost the stock
    6 Dec 2013, 12:59 PM Reply Like
  • hummerh25
    , contributor
    Comments (99) | Send Message
     
    ARR. .03 monthly. .36 year.
    6 Dec 2013, 02:37 PM Reply Like
  • smurf
    , contributor
    Comments (6277) | Send Message
     
    DX is pulling back for the day and is down slightly at 8.02. I have a limit order in for more @ 8.00.
    6 Dec 2013, 03:00 PM Reply Like
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