High Yielding REITs Showing Investors Strong Gains in 2012
July 06 2012 - 7:20AM
Marketwired
High yielding mortgage REITs have outperformed the markets in 2012
as investors continue to flock to their large dividends. Presently
the Market Vectors Mortgage REIT Income ETF (MORT) -- with holdings
such as Annaly Capital Management -- is up more than 14 percent
year-to-date, while the SPDR S&P 500 ETF (SPY) has seen a 9
percent increase. The Paragon Report examines investing
opportunities in diversified REITs and provides equity research on
American Capital Agency Corp. (NASDAQ: AGNC) and Annaly Capital
Management, Inc. (NYSE: NLY).
Access to the full company reports can be found at:
www.ParagonReport.com/AGNC
www.ParagonReport.com/NLY
Freddie Mac's weekly survey has shown mortgage rates have again
fallen to record lows. The fixed 30-year home loan, the most
popular among home buyers, fell to 3.62 percent from 3.66 percent
last week, and 4.6 percent from a year ago. The average 30-year
loan rate has matched or dropped to new lows in 10 of the last 11
weeks.
"Recent economic data releases of less consumer spending and a
contraction in the manufacturing industry drove long-term Treasury
bond yields lower over the week, and allowed fixed mortgage rates
to hit new all-time record lows," said Frank Nothaft, Freddie Mac's
chief economist.
Paragon Report releases regular market updates on diversified
REITs so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
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American Capital Agency Corp. is a real estate investment trust
that invests in agency pass-through securities and collateralized
mortgage obligations for which the principal and interest payments
are guaranteed by a U.S. Government agency or a U.S.
Government-sponsored entity. The company offers an annual dividend
of $5.00 per share for a yield of roughly 14.7 percent.
Founded in 1997 as a Real Estate Investment Trust, Annaly is the
largest mortgage REIT listed on the New York Stock Exchange. The
company's Board of Directors recently declared a second quarter
2012 common stock cash dividend of $0.55 per common share. Shares
of Annaly are up over 6 percent this year.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
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