AAIC News and Press, Arlington Asset Investment Corp Class A (new) From 01/29/21

Today we're focusing in on preferred share opportunities. Specifically, we like CMO-E, CIM-A, TWO-D, and TWO-E among the fixed-rate opportunities. Each offers a solid yield and still has a modest discount to call value. In this series, we’re providing readers with discounts...

Some mortgage REITs are trading at significant premiums to book value per share. When that happens, issuing new shares is wise. One mortgage REIT already took advantage of favorable pricing to issue new shares. That’s intelligent and expected. IVR and MITT should be looking...

I'm projecting AGNC will report a combined modest unrealized loss on available-for-sale securities and investment securities measured at FMV for the fourth quarter of 2020. Most generic 15-year and 30-year fixed-rate agency MBS coupons had minor-modest price fluctuations during the qu...

This series projects AGNC’s income statement for the fourth quarter of 2020. These projections help readers understand how most of the fixed-rate agency mREIT sector performed (valuable insight). I am projecting AGNC will report a very minor decrease in net spread income for th...

There are a few mistakes we’ve seen in analyzing mortgage REITs. These can stem from misconceptions about how they work. Investors who understand mortgage REITs better are putting themselves in a better position for investing. In this series, we’re providing readers ...

CMO still trades at a large discount to projected book value. We’re estimating the current price-to-book is around 0.84. That’s a 16% discount. We frequently find trading opportunities in the common shares of the mortgage REITs where the market is applying different valu...

We regularly cover preferred shares as a way for investors to find a steady yield. They still carry risk, but less than common shares. The preferred shares from mortgage REITs can offer great opportunities. When prices get inefficient, we get nice opportunities. In this series we&...

One of the mortgage REITs we own, PMT, still trades around a 15% discount to projected book value. That’s still attractive. Investors in the sector need to have the discipline to stick to an investing strategy. We’ve enjoyed great success using discounts to (current esti...

This article compares NLY’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 20 mREIT peers. This includes an analysis of NLY’s quarterly estimated REIT taxable income, estimated core earnings, and normalized core earning...

We regularly cover preferred shares as a way for investors to find a steady yield. They still carry risk, but less than common shares. The preferred shares from mortgage REITs can offer great opportunities. When prices get inefficient, we get nice opportunities. In this series, we...