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  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    I love RIETs for the long term. Assuming there are no catastrophic collapses in the long term, not timing the market perfectly will be offset by all the dividends you are reaping. Of course most RIETs have already passed the ex-dividend date, so I say look at what the Fed is doing and buy before the next ex-dividend date. I am personally long on NYMT which is currently paying out at over 15%.
    Jul 5 02:21 PM | 1 Like Like |Link to Comment
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