Published Wed, 17 Jun 2020 07:00:00 -0400 on Seeking Alpha
One of the headwinds for mortgage REITs was the fact that a few mortgage REITs still had their dividend payments suspended.
The number of mortgage REITs with suspended dividends declined for both common shares and preferred shares.
One of our expectations came true on 6/15/2020 after the close when NYMT brought back their common and preferred share dividends.
Some major screening tools weren't spotting the new dividend as of Tuesday morning, but it may be fixed now.
NYMT preferred shares have a double ex-dividend date coming up. Two dividends in one day!
This research report was produced by The REIT Forum with assistance from Big Dog Investments.
Your feedback has improved this series week after week. Thank you, readers, for all you do.
Due to the dramatically higher-than-usual volatility in the sector, we’re planning to post this series a little more frequently than normal. That allows us to provide more ratings and ensure readers of our public work still have recent numbers.
The topics we discuss are going to be extremely relevant to the residential mortgage REITs. The table below uses BV as of Q1 2020 (if the company has reported earnings):
Price to Trailing BV
BV Q1 2020
Orchid Island Capital
Annaly Capital Management
Capstead Mortgage Corporation
AGNC Investment Corp.
ARMOUR Residential REIT
Two Harbors Investment Corp.
Cherry Hill Mortgage Investment
Arlington Asset Investment Corporation
... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|ORCHID ISLAND CAPITAL||5.58||0.0||-0.29||0.96||17.75|
|ARLINGTON ASSET INVESTMENT||5.55||0.0||-1.21||0.90||16.58|
|CHERRY HILL MORTGAGE INVESTMENT||13.52||0.0||-3.91||1.60||14.40|
|ANNALY CAPITAL MANAGEMENT||8.60||0.0||-3.32||1.20||14.00|
|NEW RESIDENTIAL INVESTMENT||14.98||18.0||0.83||2.00||13.28|
|ANWORTH MORTGAGE ASSET||3.39||0.0||-0.98||0.44||13.17|
|NEW YORK MORTGAGE TRUST||6.14||12.0||0.51||0.80||12.74|
|WESTERN ASSET MORTGAGE CAPITAL||9.83||10.7||0.92||1.24||12.58|
|AMERICAN CAPITAL AGENCY||15.64||0.0||-1.54||1.92||12.21|
|ARMOUR RESIDENTIAL REIT||17.26||0.0||-9.30||2.04||12.03|
|TWO HARBORS INVESTMENT||13.28||0.0||-2.81||1.60||12.02|
|INVESCO MORTGAGE CAPITAL||15.18||0.0||-1.01||1.80||11.80|
|AG MORTGAGE INVESTMENT TRUST||17.47||6.1||2.87||1.90||10.89|
|PENNYMAC MORTGAGE INV TRUST||22.24||9.5||2.35||1.88||8.50|
|ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND||41.97||0.0||0.00||0.00||0.00|
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