Armour Residential (ARR): Q1 core EPS of $0.18 misses by $0.05. Book value of $6.69/share, down from $7.29 on Dec. 31 (was estimated at $6.70-$6.76 on Feb. 13). Net interest margin of 1.35% off 20 bps from Q4. CPR of 15.7% vs. 14.1% in Q4. Shares -1.55% AH. (PR) [View news story]
Swept up in the hit to American Capital Agency (AGNC -8.3% AH) is its sister firm American Capital Mortgage (MTGE -5.4% AH). MTGE differs from AGNC in that it invests in non-agency MBS as well as agency paper, but both share Gary Kain as CIO. AGNC's conference call is set for Friday at 11 ET - how much did February's dilutive secondary hit the Q1 numbers? [View news story]
Guess I do not understand all of this. Dividend not mentioned, unless I missed it. Guess you don't pay if you lose money/
15% Dividend Payer New York Mortgage Trust Is Growing Quickly Into A Contender [View article]
Thanks for the reminder. I bought NYMT last Feb at $7.08, collected four nice dividends, and today it closed at $7.23. Wish I could say as much about ARR. Will sell it and buy more NYMT.
Armour Residential (ARR) -1.5% premarket after cutting its monthly dividend to $0.07/share from $0.08. It's the 2nd cut in as many quarters. (PR) [View news story]
Well said, both of the above. The big boys who play this game live by greed. The SEC is a joke!
Good article. I have owned AGNC for over 2 years, and the dividends collected have lowered my risk (and break even) considerably. Thanks for the research. I continue to be amazed at how much time that you must put into this. Much appreciated!
Armour Residential (ARR) prices its 65M share secondary, with the underwriters retaining an option to buy an additional 9.75M shares. Shares -4.8% premarket to $6.75. Book value was $7.77 on Sept. 30, about $7.29 on Dec. 31, and about $6.73 yesterday. That's a 13.4% decline in 4.5 months. Who's buying the secondary? (PR) [View news story]
Guess I didn't see the offerening coming. I would have sold. Did anyone warn and I just missed it?
The Young And Restless Portfolio: Adding A Tiny Biopharma Stock [View article]
Picked up 500 shares of ACHN yesterday thanks to your alert. Got a nice reward today with my investment up $280! This is not why I bought however. The potential is huge; even though a risk is there. Life's a risk too!
Please Do Not Miss These Investment Opportunities [View instapost]
Excellent research! right now I still have a mental block about buying stocks that have a big"run up" ( TEVA and AFL). UNH seems to be rather stingy on paying dividend. Still thinking. Do read all articles. Very good!
More from AGNC CEO Kain at yesterday's investor conference: Addressing a possible hike in the dividend tax rate, Kain notes mREIT dividends aren't facing a tax increase as they never qualified for the discounted rate in the first place. They've always been taxed as ordinary income. (transcript, now available) [View news story]
AGNC up $1.16 today. Surely not short covering. Would it not be nice if there was a block on each stock daily summary, beside shares traded, listing short sales. Would help to know what is really happening!
American Capital Agency's Decreased Leverage, Prepayments And $500 Million Repurchase Plan [View article]
Guys; instead of analyzing numbers, why not just sell at 35 (surely we will get there) and buy back in when the shorts drive it back down to 32. This picks up $3 - good for about 3 dividend payments next tear.
Prospect Capital's Dividend: A Safe Haven From Any Storm [View article]
Interesting analogy with T. Problem is the hedge funds and other interests could care less about dividends; they make the big money with shorts. Case in point: T went ex on Oct 5 with 44 cent dividend. As of October 29, T is down $3.57 since ex date! Not a very good trade off.
"Rates go down you get killed, rates go up you get killed," says hedge fund manager Brad Golding, summing up the situation for mortgage REITs. The days of double-digit yields are over - at least at Annaly (NLY) - where new co-CEO Wellington Denahan-Norris calls it "fantasy" to think the company can just jack up leverage to replicate the returns of the past. [View news story]
The Dividend Income Magical Mystery Tour [View article]
Armour Residential (ARR): Q1 core EPS of $0.18 misses by $0.05. Book value of $6.69/share, down from $7.29 on Dec. 31 (was estimated at $6.70-$6.76 on Feb. 13). Net interest margin of 1.35% off 20 bps from Q4. CPR of 15.7% vs. 14.1% in Q4. Shares -1.55% AH. (PR) [View news story]
Swept up in the hit to American Capital Agency (AGNC -8.3% AH) is its sister firm American Capital Mortgage (MTGE -5.4% AH). MTGE differs from AGNC in that it invests in non-agency MBS as well as agency paper, but both share Gary Kain as CIO. AGNC's conference call is set for Friday at 11 ET - how much did February's dilutive secondary hit the Q1 numbers? [View news story]
15% Dividend Payer New York Mortgage Trust Is Growing Quickly Into A Contender [View article]
Armour Residential (ARR) -1.5% premarket after cutting its monthly dividend to $0.07/share from $0.08. It's the 2nd cut in as many quarters. (PR) [View news story]
The 2 Best mREITs To Buy Right Now [View article]
Retirement Portfolio Management Takes Focus, Discipline And Implementation [View article]
Armour Residential (ARR) prices its 65M share secondary, with the underwriters retaining an option to buy an additional 9.75M shares. Shares -4.8% premarket to $6.75. Book value was $7.77 on Sept. 30, about $7.29 on Dec. 31, and about $6.73 yesterday. That's a 13.4% decline in 4.5 months. Who's buying the secondary? (PR) [View news story]
'Hail Mary' Throws Sometimes Result In Winning Touchdowns [View article]
The Young And Restless Portfolio: Adding A Tiny Biopharma Stock [View article]
Please Do Not Miss These Investment Opportunities [View instapost]
More from AGNC CEO Kain at yesterday's investor conference: Addressing a possible hike in the dividend tax rate, Kain notes mREIT dividends aren't facing a tax increase as they never qualified for the discounted rate in the first place. They've always been taxed as ordinary income. (transcript, now available) [View news story]
American Capital Agency's Decreased Leverage, Prepayments And $500 Million Repurchase Plan [View article]
Prospect Capital's Dividend: A Safe Haven From Any Storm [View article]
"Rates go down you get killed, rates go up you get killed," says hedge fund manager Brad Golding, summing up the situation for mortgage REITs. The days of double-digit yields are over - at least at Annaly (NLY) - where new co-CEO Wellington Denahan-Norris calls it "fantasy" to think the company can just jack up leverage to replicate the returns of the past. [View news story]