Mortgage REITs on the Upswing This Earnings Season
Paragon Report Provides Equity Research on MFA Financial & Hatteras Financial
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 02/16/12 -- Despite dividend cuts from some of the industry's heavyweights, shares of high yielding Mortgage REITs have performed well this earnings season. The Market Vector Mortgage REIT Income ETF (MORT) is up more than five percent over the last month -- handedly outperforming the Dow Jones Industrial Average. The Paragon Report examines the outlook for diversified REITs and provides equity research on MFA Financial Inc. (NYSE: MFA) and Hatteras Financial Corporation (NYSE: HTS). Access to the full company reports can be found at:
Analyst Bill Carcache of Nomura Securities issued a report stating that mortgage REITs delivered solid risk-adjusted returns during the quarter ended December 31, 2011 despite continued flattening of the yield curve. "As expected, spreads contracted and dividends were cut. Prepayment speeds generally increased, and they remain a concern in the current environment. Book value growth was flat to negative for most companies and economic returns were generally lower relative to the first three quarters of 2011," Carache explains.
The Paragon Report provide investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on diversified REITs register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
Recently, MFA Financial's Board of Directors declared a regular quarterly cash dividend of $0.25 per share of common stock for the fourth quarter of 2011, and an additional special cash dividend of $0.02 per share of common stock. "The payment of the special dividend is due to the fact that MFA anticipates that its REIT Taxable Income for 2011 will exceed the sum of the dividends paid to date and the fourth quarter regular cash dividend of $0.25 per share of common stock," MFA said in a press release.
The Board of Directors of Hatteras Financial Corp. declared a quarterly dividend of $0.90 per common share for the fourth quarter of 2011. Hatteras is a real estate investment trust formed in 2007 to invest in single-family residential mortgage pass-through securities guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 16.02.2012 - 07:20 Uhr
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