AIW - 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.

For further details see: