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Wiley Bros.-aintree Capital, Llc Buys PennyMac Financial Services Inc, iShares Select Dividend ...
GuruFocus News · 04/09 19:38
10-K: ARLINGTON ASSET INVESTMENT CORP.
(EDGAR Online via COMTEX) -- ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview We are an investment firm...
Edgar Online - (EDG = 10Q, 10K) · 02/26 22:23
Arlington Asset Investment's (AAIC) Shares March Higher, Can It Continue?
Zacks.com · 02/19 12:49
BRIEF-Arlington Asset Investment Q4 GAAP Earnings Per Share $0.32
reuters.com · 02/16 11:36
The Preferred Share Series Without A Name
Readers love our series on the different types of REITs. We’re bringing a similar layout to preferred shares.There are several options among the mortgage REIT preferred shares we cover. By covering the sector, we’ve got a more detailed view on the individual shares.Today, we’re highlighting EFC-A. It sits in our neutral range. Risk looks comparable to the NRZ preferred shares, but the yield is lower.Let us know what you think of the layout in the comments. Early feedback on the layout is the easiest feedback to include.Suggestions for a recognizable series title are welcome also.
Seekingalpha · 10/28/2020 01:19
One Terrible Mortgage REIT Suffered Enough
We’re highlighting Western Asset Mortgage Capital Corp., a very rare entry in our columns. We’re highlighting it because shares are in the neutral range.Shares are getting much closer to the target buy range, and are now quite far from our prior Sell ratings.Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
Seekingalpha · 10/23/2020 03:36
AGNC Investment's Q3 2020 Income Statement And Earnings Preview - Part 3 (Attractive Performance)
I'm projecting AGNC will report a combined, relatively unchanged unrealized fluctuation on available-for-sale securities and investment securities measured at FMV for the third quarter of 2020.Most generic 15- and 30-year fixed-rate agency MBS coupons had minor-modest price fluctuations during the quarter. However, higher coupon specified pools slightly outperformed generic agency MBS at quarter-end.This three-part article also highlights to readers the heightened importance of understanding the relationship between AGNC’s MBS/investment portfolio and the company’s derivatives instruments regarding changes in quarterly valuations.Similar to the prior quarter, a “positive” relationship existed between fixed-rate agency MBS pricing and derivative instrument valuations during the third quarter of 2020.My AGNC comprehensive income projection for the third quarter of 2020 is stated in the “Conclusions Drawn” section.
Seekingalpha · 10/22/2020 18:31
We Just Bought Another Mortgage REIT
Our latest purchase in the sector is PMT. We think PMT is a great choice today following the substantial decline in share price since the Q2 2020 earnings.PMT has underperformed the most similar mortgage REITs lately. Shares dipped all the way into the strong buy range. PMT carries a risk rating 3.5, below average for mortgage REITs.Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.In this series. we're providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
Seekingalpha · 10/21/2020 20:06
ARKW: Big Returns On Disruptive Tech Investments
In the vast universe of ETFs, over the past year, ARK Invest runs 5 of of top 10 best performing ones.The ARKW: Next Generation Internet Fund is the second best performing ARK ETF so far this year (just behind the Genomics ETF).Today, I'll look at the ARK philosophy and what makes such a high-performing ETF like ARKW "tick".
Seekingalpha · 10/17/2020 00:21
4 More Mortgage REITs For The Weekend
We're highlighting the mortgage REITs with more MSRs today: Bullish ratings on CHMI, TWO, PMT, and NRZ.We highlighted several of these REITs together before. It was 04/06/2020 and responses were mixed. Some investors hated the idea of buying at around 30% of book value.Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.
Seekingalpha · 10/16/2020 21:37
Big, Cheap Mortgage REITs
We’re focusing on the two big REITs today, talking about our bullish outlooks on American Capital Agency Corp. and Annaly Capital Management.Besides being big, they both have big discounts to NAV, internal management, and lower-than-average recurring operating expenses.Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
Seekingalpha · 10/14/2020 03:33
Solid Double-Digit Discounts On Mortgage REITs
We’re highlighting our bullish outlook on Annaly Capital Management.The largest mortgage REIT in the sector still trades at a discount of 18% to estimated book value.Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
Seekingalpha · 10/08/2020 11:00
Annaly Capital's Dividend, BV, And Valuation Vs. 20 mREIT Peers - Part 2 (Includes Q4 2020 Dividend Projection)
This article compares NLY’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to twenty mREIT peers.This includes an analysis of NLY’s quarterly estimated REIT taxable income, estimated core earnings, and normalized core earnings which directly impact the company's dividend sustainability.This article also discusses NLY’s dividend decrease for the second quarter of 2019 and 2020 and projects NLY’s dividend sustainability for the fourth quarter of 2020.This article also discusses NLY’s projected performance during the third quarter of 2020 when compared to the company’s fixed-rate agency mREIT peers.My current NLY buy, sell, or hold recommendation and current BV projection (BV as of 9/30/2020) are stated in the “Conclusions Drawn” section of the article.
Seekingalpha · 10/06/2020 06:54
Mortgage REITs Raise Dividends
We're taking a bullish outlook on GPMT. We bought shares twice in the past forty days. Recent news on financing and a dividend announcement brought shares roaring higher.We're also taking a bullish outlook on New York Mortgage Trust. This is another beat up REIT trading at a dramatic discount.Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.In this series, we're providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
Seekingalpha · 10/05/2020 22:01
A Pair Of Mortgage REITs To Drop
Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.In this series, we're providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.We're highlighting a bearish outlook on IVR and MITT, two mortgage REITs with high price-to-book ratios compared to their peers.
Seekingalpha · 10/02/2020 21:22
Big Bargains Abound On Mortgage REITs
Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.We’re highlighting a buy rating on NYMT.
Seekingalpha · 09/30/2020 11:11
Supreme Court Selloff Drives Mortgage REIT Bargains
Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.We’re giving buy ratings on PMT and CHMI since they each trade at substantial discounts to book value. The magnitude of the discounts isn’t warranted.Today's selloff on the excitement about the Supreme Court doesn't reflect a significant change in fundamentals for residential mortgage REITs.
Seekingalpha · 09/21/2020 20:28
Annaly Capital's BV, Dividend, And Valuation Versus 20 mREIT Peers - Part 1 (Post Q2 2020 Earnings - Continued Attractive Valuation)
Part 1 of this article compares NLY’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return, and current valuation to twenty mREIT peers. Providing sector-wide metrics allows readers to better understand which mREIT companies will likely outperform (or underperform) peers during specific types of interest rate environments. Part 1 also performs a detailed analysis of NLY’s MBS and derivatives portfolios as of 6/30/2020. This includes NLY’s projected performance during the third quarter of 2020 (through 9/11/2020). My buy, sell, or hold recommendation, current BV projection (BV as of 9/11/2020), and updated price target for NLY is in the “Conclusions Drawn” section of the article. I also provide a list of the mREIT stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), or appropriately valued (a hold recommendation).
Seekingalpha · 09/21/2020 12:42
A Preferred Market Update: Most Issues Are Now Fully Valued
Most preferreds are fully valued with the average preferred priced well above par.High-rated preferred IPOs are being issued at all-time low yields.mREIT preferreds are one of the last remaining pockets of value in the preferreds market.Non-agency mREIT preferreds are a great way to play the divergence between the strong housing market and weak mortgage prices.Quick update on NGHCN. Monitor GAINL for a buy entry.
Seekingalpha · 09/18/2020 11:00
Quick And Dirty Discounts To Book Value For September 1st, 2020
Discounts to book value are the start of your analysis, but not the end.In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.PMT is just barely in the bullish range. NLY and ANH are deeper in that range.
Seekingalpha · 09/02/2020 11:33
Webull provides a variety of real-time AIC stock news. You can receive the latest news about Arlington Asset through multiple platforms. This information may help you make smarter investment decisions.
About AIC
Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Private-label MBS, or non-agency MBS, include residential MBS that are not guaranteed by a GSE or the United States Government. The Company funds its investments primarily through short-term financing arrangements. The Company purchases agency MBS either in initial offerings or in the secondary market through broker-dealers or similar entities. It may invest in agency MBS collateralized by adjustable-rate mortgage loans (ARMs) or hybrid ARMs.