http://media.marketwire.com/attachments/201212/107982_FSE_Logo.gifhttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=985176&ProfileId=051205&sourceType=1NEW YORK, NY -- (Marketwire) -- 02/13/13 -- Shares of high yielding Mortgage REITs have performed well this earnings season. The iShares FTSE NAREIT Mortgage REITs Index ETF (REM) has gained nearly 10 percent year-to-date, outperforming the Dow Jones Industrial Average gain of 6.5 percent over the same period. Five Star Equities examines the outlook for diversified REITs and provides equity research on Chimera Investment Corp. (NYSE: CIM) and Annaly Capital Management, Inc. (NYSE: NLY).
Access to the full company reports can be found at:
www.FiveStarEquities.com/CIM
www.FiveStarEquities.com/NLY
In a low interest rate environment investors have flocked to the high yielding dividend of REITs, as many companies offer yields in excess of 10 percent. REITs are not taxed at the corporate level but in return are required to distribute at least 90% of their taxable income as dividends to investors. A steadily improving U.S. housing market helped boost investors' appetite for REITs. The Dow Jones Equity All REIT Index, which tracks the performance of all the publicly traded U.S. REITs, gained nearly 20 percent in 2012, making it the fourth consecutive year REITs have bested the broader Standard & Poor's 500 Index.
"Despite vacillation in stock markets, investors haven't lost their appetite for a steady diet of real estate," says Jeff Tjornehoj, a Lipper analyst.
Five Star Equities releases regular market updates on diversified REITs so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Chimera Investment Corp. currently offers investors an annual dividend of $0.36 per share for a dividend yield of approximately 11.5 percent. As of September 30, 2012, the company estimated its GAAP book value was $3.31 per share and its economic book value was $2.95 per share, compared to a GAAP book value of $3.08 per share and economic book value of $2.87 per share in the previous quarter.
Annaly Capital Management currently offers investors an annual dividend of $1.80 per share for a dividend yield of approximately 12.0 percent. The company recently reported a net income of $700.5 million for the fourth quarter 2012, compared to a net income of $445.6 million in the year ago quarter. Shares of Annaly have gained over 7 percent year-to-date.
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