Mortgage REITs are expected to rebound in 2014 after falling an average of 3.0 percent in 2013, compared to the S&P 500’s gain of 30.0 percent. Recently, KBW Bank REIT analyst Michael Widner has stated that the sector is set for gains of over 20.0 percent in 2014 as Mortgage REITs are trading at a 20 percent discount to the book value of its underlying holdings. "I have a difficult time seeing the broader market replicating its 2013 returns in 2014," he says.
ARMOUR Residential REIT, Inc. (NYSE: ARR) shares traded in the range of $4.03 to $4.07 Thursday before settling to close at $4.06, an increase of 0.50 percent. The company currently offers investors an annual dividend of $0.60 per share, for a dividend yield of roughly 14.8 percent. Shares of ARMOUR Residential REIT have gained approximately 1.25 percent year-to-date.
More information on ARMOUR Residential REIT and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARR
Chimera Investment Corporation (NYSE: CIM) shares traded in the range of $3.02 to $3.04 Thursday before settling to close at $3.04, an increase of 0.33 percent. The company currently offers investors a quarterly dividend of $0.09 per share, for a dividend yield of roughly 11.8 percent. Shares of Chimera Investment have fallen approximately 2.0 percent year-to-date.
More information on Chimera Investment and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CIM
CYS Investments Inc. (NYSE: CYS) shares traded in the range of $7.57 to $7.68 Thursday before settling to close at $7.58, a decrease of 0.66 percent. The company currently offers investors a quarterly dividend of $0.32 per share, for a dividend yield of roughly 16.9 percent. Shares of CYS Investments have gained approximately 2.2 percent year-to-date.
More information on CYS Investments and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CYS
Annaly Capital Management, Inc. (NYSE: NLY) shares traded in the range of $10.11 to $10.23 Thursday before settling to close at $10.21, an increase of 0.69 percent. The company currently offers investors a quarterly dividend of $0.30 per share, for a dividend yield of roughly 11.75 percent. Shares of Annaly Capital Management have gained approximately 2.4 percent year-to-date.
More information on Annaly Capital Management and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NLY
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