After a dismal 2013 mortgage REITS have rebounded in 2014. The uncertainties in the broader markets have seen investors turn back to the attractive yields of mortgage REITS. The iShares FTSE NAREIT Mortgage ETF (NYSEARCA: REM) has gained approximately 11.0 percent for the year, while the S&P 500 Index has gained just 1.38 percent. Here is how some REITS reacted Wednesday:
American Capital Agency Corp. (NASDAQ: AGNC) shares traded in the range of $22.47 to $22.69 Wednesday before settling to close at $22.65, an increase of 0.27 percent. The company currently offers investors an annual dividend of $2.60 for a yield of roughly 11.5 percent. Shares of American Capital Agency have gained approximately 17.0 percent year-to-date.
More information on American Capital Agency and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AGNC
ARMOUR Residential REIT, Inc. (NYSE: ARR) shares traded in the range of $4.31 to $4.35 Wednesday before settling to close at $4.34, an increase of 0.23 percent. The company currently offers investors an annual dividend of $0.60 for a yield of roughly 13.8 percent. Shares of ARMOUR Residential have gained approximately 8.0 percent year-to-date.
More information on ARMOUR Residential and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARR
Invesco Mortgage Capital Inc. (NYSE: IVR) shares traded in the range of $17.16 to $17.31 Wednesday before settling to close at $17.25, a decrease of 0.12 percent. The company currently offers investors an annual dividend of $2.00 for a yield of roughly 11.6 percent. Shares of Invesco Mortgage Capital have gained approximately 18.0 percent year-to-date.
More information on Invesco Mortgage Capital and access to the free equity report can be found at:
www.WallStreetFundamentals.com/IVR
Two Harbors Investment Corp. (NYSE: TWO) shares traded in the range of $10.42 to $10.55 Wednesday before settling to close at $10.50, an increase of 0.38 percent. The company currently offers investors an annual dividend of $1.12 for a yield of roughly 10.7 percent. Shares of Two Harbors Investment have gained approximately 13.0 percent year-to-date.
More information on Two Harbors Investment and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TWO
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