Friday, June 17, 2011

ARR news

ARR is being added to the Russel Global, Russell 3000, and Russell Microcap.Zacks recently rated ARR a sell but I do not have any details why. ARR is down $.08 today. Stock Scouter rated ARR an 8 out of 10 (outperform the market), the old rating was  a 10. Reuters is neutral as of yesterday as it was before before.  I do not see any news but the trade volume is high. Other REITs are down today but not  much. Vector Vest basically has not changed their ratings- still a hold, below average safty and undervalued compared to April 11, 2011. The Fed. Chairman Bernanke does not plan to raise interest rates any time soon, I expect that to come early next year. I see talk of the risk of non-agency paper- risk of loan defaults for IVR on message boards.  An new ETF came out that is invested in REITs, it is called ROOF. It has 20.73% motrgage REITs, 17.97% Retail,17,6% office, also has hotel and diversified. Companies included are IVR, DCT,RWT,and SHO. GNT is down again at $17.06 leaving a 9.85% yield, GGN is $16.984 which leaves a 9.89% yield - these closed end funds invest in gold and other commodities which have been down some lately and may be feeling the preassure of a down market. Their NAV is also down. 8pm WTI crude is $92.91--gas should go down some more.

1 comment:

  1. Is it possible that people are just dumping it because they got the dividend? I need to dump some ARR, but I need to wait until next month when hopefully people start buying and increasing the price.