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NATESR

NATESR
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  • Mortgage REITs unfazed by Hatteras dividend cut [View news story]
    Last ex-div was 9/24. expect next ex-div 12/24. I look for declaration next week
    Dec 10, 2013. 08:01 PM | Likes Like |Link to Comment
  • Mortgage REIT (REM +4.1%) rallies are accelerating as the day draws to a close. Sector giants Annaly (NLY +4.7%), American Capital Agency (AGNC +4.2%) are closing in on 5% gains, while CYS Investment (CYS +6.2%) and Western Mortgage (WMC +7.1%) are threatening 7%. Did everybody realize all at once that higher long end rates combined with ZIRP should allow mREIT managers to invest at very profitable spreads? [View news story]
    Wait for the bounce on today's AGNC price after ex-dividend date!!
    Jun 14, 2013. 02:37 AM | Likes Like |Link to Comment
  • "The issue isn't if the Fed exits, it's a question of whether they exit way earlier than expected," American Capital (AGNC) CIO Gary Kain tells Bloomberg, feeling his portfolio is better positioned now than in Q1, when higher rates took a chunk out of book value. The Fed will be "extremely slow" in its withdrawal, says KBW's Mike Widner. "That spells an environment that actually gets better for the mREITs (MORT, REM) before it gets worse." [View news story]
    Count me in too, tstreet, I have read Seeking Alpha articles with both contradicting opinions about Fed buying impact on AGNC. It is totally confusing.
    May 19, 2013. 06:10 AM | Likes Like |Link to Comment
  • Invesco: This Nearly 13% Yielder Was Recently Upgraded And Is In The 'Buy Zone' [View article]
    Whereas your article states "the dividend looks relatively safe and
    sustainable", Richard King, CEO stated May 2 "We expect that our dividend will be somewhat lower as a result of our lower available reinvestment yields and our move to diversified funding and reduced rate risk". How do you respond to this contradiction?
    May 16, 2013. 03:37 PM | Likes Like |Link to Comment
  • Market Data Shows Headwinds Against Profits For Silver Bay Realty Trust [View article]
    I agree with most of the content of your article. As a Silver Bay investor, I am concerned about their using their cash to buy more properties, which may be over-priced now as the glut of foreclosures diminishes. It seems more logical that they use that cash for needed renovation of the homes they already own to attract better rentals. I have no concerns about flat or falling rental rates because they are insignificant compared to the potential of 10-20-30% profits by "flipping" their properties over in a short time in the near future. The history of buying and selling real estate successfully is time proven.
    Apr 8, 2013. 06:49 AM | Likes Like |Link to Comment
  • More on the softening rental market (previous): National single-famly rents were up just 0.1% Y/Y, reports Trulia, and fell in some notable markets such as Las Vegas, Ft. Lauderdale, Orange County, and D.C. With everybody from Blackstone (BX), Colony Financial (CLNY), and Silver Bay (SBY) on down to our next-door neighbor rushing to convert formerly owner-occupied homes to rentals, it's not hard to see why. [View news story]
    With home prices rising 10-20% annually in some of SBY's locations, a non-increase in rents for their properties will not have much of a financial impact on SBY's "real" plans for re-selling their homes in the near future
    Apr 4, 2013. 01:52 PM | Likes Like |Link to Comment
  • American Capital Agency's CEO Presents at Bank of America Merrill Lynch Banking and Financial Services Conference (Transcript) [View article]
    Mr. Kain's comments reinforce my decision to buy AGNC a month ago. In my opinion, the hype about Re-financing is over-blown. I am with a mortgage broker over 20 years in business in San Diego, where, primarily because Appraisers are low-balling values of residences of borrowers hoping to re-finance their mortgages, the rates available today to borrowers are still not low enough to make it economically beneficial for them to prepay thru refi's. The LTV they seek just is not there. Assuming that other parts of the USA experienced reductions in residential values since 2008, I believe that this is the best explanation why the prepayment rates for AGNC will be lower than anticipated. Mr. Kain is on target with our experience
    Nov 15, 2012. 11:27 PM | Likes Like |Link to Comment
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