Monday, May 23, 2011

REIT stock Bedford report

Some preassure on the stock prices came today due to the possibility of future interest rate hikes. ARR is down $.09 but AGNC was not affected. The ARR portfolio may actually be somewhat less affected due to the adjustable ARM mortgage backed securities they have. If you have a fixed rate mortgage but have to pay more for the short term loan then the spread earned will be less unless leverage is raised. ARR has a thinner trading market and less time on the market with dividends.   CIM $3.94 +0.00,  ARR $7.58 -$.09,  AGNC $30.00 +.03, IVR  $22.83 -$.12.

No comments:

Post a Comment