PMT - Mortgage REITs Pop Higher

• We were pretty bullish on TWO lately, but shares rallied into the neutral range.
• Shares of ORC outperformed to the extent they ended up in our bearish range.
• 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.

For further details see: