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REML And MREITs Offer High Yields Or A Chance For Gains

Published Thu, 25 Jun 2020 14:27:26 -0400 on Seeking Alpha

Seeking AlphaREITs | BahamasREML And MREITs Offer High Yields Or A Chance For GainsJun. 25, 2020 2:27 PM ET|| About: Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN (REML), Includes: AAL, AGNC, ARR, HTZ, ORC, REM, SPYby: Lance BrofmanLance Brofman Debt, REITs, macro, ETF investingSummaryI still believe that the macroeconomic conditions generally still favor mREITs and especially agency mREITs.
We now know more about the prospects for many of the mREITs since many of the second quarter dividends have been announced.
Very low short-term interest rates make carry-type investing very attractive, particularly for those seeking to maximize current income.
The damage to the agency mREITs resulting from the sudden extreme decline in interest rates is now over.
Some non-agency mREITs are trading at dramatic discounts to book value.
COVID-19 has caused some observers to divide stocks into various categories such as: stay-at-home stocks and reopening stocks. There is also a category called "Robinhood" stocks. This category encompasses investments by those unsophisticated amateurs who would normally be sports bettors and casino gamblers, having no other outlets for their proclivities, due the absence of professional and college sports and the closures of the casinos.
The still is uncertainty as to the ultimate impact of COVID-19, on the securities markets and economy. However, some clarity as to the near-term outlook seems to be emerging. In the mortgage REIT area, some clarity is emerging as well. Many of the mREITs have made their dividend announcements, and disclosed book values along with their earnings. Thus, we have a much better idea as to how they fared in term of the COVID-19 pandemic.
The mREITs had no significant COVID-19 losses on any of the agency mortgage-backed securities that they held. However, even the "pure" agency mREITs suffered sharp declines in book value. Agency mREITs saw their book values decline because of the severe... 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
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
SPDR S&P 500 ETF 301.29   0.0 0.00 5.42 1.82
HERTZ GLOBAL 14.91   0.0 -0.87 0.00 0.00
ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND 41.97   0.0 0.00 0.00 0.00

ORCHID ISLAND CAPITAL - ORC
ORCHID ISLAND CAPITAL - ORC  


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