Seeking Alpha

Mortgage REITs continue 2014 tear

  • The poor ISM number and resultant drop in interest rates provides more manna to the rebounding mREITs (REM), with Annaly (NLY +1.7%), Western Asset (WMC +1.9%), CYS (CYS +0.9%), Capstead (CMO +1%), and Ellington (EFC +0.8%), (EARN +0.2%) among those leading the sector this morning.
  • Capstead was the first of the mREITs to report Q4 results, but American Capital (AGNC +0.9%), (MTGE -0.1%) reports on Wednesday, and investors will want to see if Gary Kain and team - so worried about higher rates - hedged away any gains to be made from their fast decline thus far this year.
  • Related ETFs: MORT, MORL
Comments (8)
  • JustAnotherOpinionThatCould...
    , contributor
    Comments (44) | Send Message
     
    Way cool that we know how 2104 is going to go. But I'm a little more interested in this year.
    3 Feb, 11:05 AM Reply Like
  • bestonlinenameever
    , contributor
    Comments (52) | Send Message
     
    AGNC reports tonight, not on Wednesday
    3 Feb, 11:47 AM Reply Like
  • bestonlinenameever
    , contributor
    Comments (52) | Send Message
     
    Stephen- your link is for MTGE-and they do report on wednesday.
    Here is the link for AGNC saying they report today
    http://bit.ly/1ajYiBO
    3 Feb, 11:55 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (539) | Send Message
     
    Ok. Thank you.
    3 Feb, 12:03 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (7773) | Send Message
     
    I hear crickets from the mREIT bear gallery.

     

    Wasn't the case in Q4, '13...
    3 Feb, 12:40 PM Reply Like
  • Dividend Living
    , contributor
    Comments (247) | Send Message
     
    Turning into one of those odd days where the 10 year yield is much lower (2.61%) MBS values are much higher (101-26 on 3.5% FNMA 30 year fixed) and the mREITs are mostly showing red. This doesnt happen often, but earnings season may have something to do with it, as Q4 isnt going to be that great, but Q1 is looking good for the less hedged. Whats up with all the selling of AI before the earnings report in a few hours?
    3 Feb, 02:08 PM Reply Like
  • Darren McCammon
    , contributor
    Comments (722) | Send Message
     
    Beats me (on AI). They more than covered their dividend and grew book by 4%. AIs like that, investors have been giving it no respect for years. That's OK, the 50+ portfolio and I are more than happy to just keep collecting the well covered, high dividends. If AI ever got fairly priced, I might have to actually come up with a new idea for our largest holding.
    3 Feb, 11:40 PM Reply Like
  • RubberHammer
    , contributor
    Comments (2) | Send Message
     
    Not me! I'm too old for roller coaster rides....!
    3 Feb, 03:31 PM Reply Like
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