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Mortgage REITs Raise Dividends
Published Mon, 05 Oct 2020 18:01:23 -0400 on Seeking Alpha
Seeking AlphaREITsMortgage REITs Raise DividendsOct. 5, 2020 6:01 PM ET|| Includes: AGNC, AGNCM, AGNCN, AGNCO, AGNCP, AI, AI.PB, AI.PC, AIC, AIW, ANH, ANH.PA, ANH.PB, ANH.PC, ARR, ARR.PC, CHMI, CHMI.PA, CHMI.PB, CIM, CIM.PA, CIM.PB, CIM.PC, CIM.PD, CMO, CMO.PE, DX, DX.PB, DX.PC, EFC, EFC.PA, GPMT, IVR, IVR.PA, IVR.PB, IVR.PC, MFA, MFA.PB, MFA.PC, MFO, MITT, MITT.PA, MITT.PB, MITT.PC, MORT, NLY, NLY.PD, NLY.PF, NLY.PG, NLY.PI, NRZ, NRZ.PA, NRZ.PB, NRZ.PC, NYMT, NYMTM, NYMTN, NYMTO, NYMTP, ORC, PMT, PMT.PA, PMT.PB, REM, SLRC, TWO, TWO.PA, TWO.PB, TWO.PC, TWO.PD, TWO.PE, WMCby: Colorado Wealth Management FundColorado Wealth Management Fund The REIT ForumThe #1 REIT Service Measured By Total ReturnsSummaryWe're taking a bullish outlook on GPMT. We bought shares twice in the past forty days. Recent news on financing and a dividend announcement brought shares roaring higher.
We're also taking a bullish outlook on New York Mortgage Trust. This is another beat up REIT trading at a dramatic discount.
Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.
In this series, we're providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.
When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
This research report was produced by The REIT Forum with assistance from Big Dog Investments.
The topics we discuss are going to be extremely relevant to the residential mortgage REITs. The table below uses BV as of Q2 2020 (if the company has reported earnings):
Ticker
Company Name
Focus
Price to Trailing BV
BV Q2 2020
Price
ORC
Orchid Island Capital
Agency
0.98
$5.22
$5.13
DX
Dynex Capital
Agency
0.94
$16.69
$15.72
ARR
ARMOUR Residential REIT
Agency
0.88
$11.11
$9.83
AGNC
American Capital Agency... 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 | |||||||
| DYNEX CAPITAL | 15.16 | 0.0 | -10.26 | 1.80 | 12.06 | |||||||
| 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 | |||||||
| MFA FINANCIAL | 7.39 | 10.4 | 0.71 | 0.80 | 10.81 | |||||||
| CHIMERA INVESTMENT | 19.57 | 21.5 | 0.91 | 2.00 | 10.23 | |||||||
| ELLINGTON FINANCIAL | 17.90 | 16.3 | 1.10 | 1.68 | 9.44 | |||||||
| PENNYMAC MORTGAGE INV TRUST | 22.24 | 9.5 | 2.35 | 1.88 | 8.50 | |||||||
| SOLAR CAPITAL | 20.87 | 12.4 | 1.69 | 1.64 | 7.93 | |||||||
| CAPSTEAD MORTGAGE | 7.41 | 0.0 | -0.86 | 0.48 | 6.58 | |||||||
| ISHARES FTSE NAREIT MORTG PLUS CAPPED INDEX FUND | 41.97 | 0.0 | 0.00 | 0.00 | 0.00 |