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An Update On mREIT Preferreds

|About: AGNC Investment Corp. (AGNC), CMO, NLY, Includes: AGNCM, AGNCN, AGNCO, AGNCP, CMO.PE, NLY.PD, NLY.PF, NLY.PG, NLY.PI
Summary

Tough times in mREIT land, but there could be opportunities.

Not calling the bottom on the prefs, just posting the data.

Careful playing the sector, if you are going to trade, leg in.

Hey everyone, its been a while.  Just thought I would post some of the details on agency mREIT preferred stock (or close to agency).  Not going to blah, blah blah, there is plenty of that from lots of other folks.  Not going to tell you I have a crystal ball, I don't - nobody does.

With that out of the way, here are preferred stocks by Annaly (NLY), AGNC (AGNC), Capstead Mortgage (CMO).  the higher octane hybrid and pure resi are not included.

Annaly:

AGNC:

Capstead

Now all together:

Yeah, threw a couple others in, figured why not.

Upfront, I recently purchased:

ABRprC (ABR.PC)

NLYprI (NLY.PI)

CHMIprA (CHMI.PA)

AGNCN (AGNCN), and

IVRprB (IVR.PB)(yeah, you don't pick them all)

I have been purchasing smaller lots, legging into the trades - this allows you to both minimize your price risk as well as diversify.

Stay safe and don't get greedy (I don't care who the hell is fearful, don't be greedy).