Items Tagged with 'BRT Realty Trust'

ARTICLES

  • Mortgage REIT Insider: Redwood Rolls the Dice

    Redwood Trust has officially jumped back into the game. In a prospectus filing with the Securities and Exchange Commission earlier this week, the company announced that it was launching a 17 million share offering to finance the acquisition of additional residential and commercial mortgages. During the fourth quarter, the company purchased $50 million in RMBS for 64 cents on the dollar and continued its investment strategy into 2009, purchasing another $17 million during the first week of January.
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  • Mortgage REIT Insider: TED Spread Tackles Capstead

    We knew it was coming, but the 465 basis point blow-out in October’s TED spread -- the interest rates on interbank loans and short-term U.S. government debt -- has come home to haunt one of the agency mortgage REITs. By failing to lock in the low spreads on its repurchase facilities, Capstead Mortgage [stock CMO][/stock] was forced to slice its fourth-quarter dividend by 34 percent, to just $0.36/share.
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  • Mortgage REIT Insider: Agencies Gain on GSE Bailout

    The bull market may be back for the agency mREITs. Credit Suisse bumped Annaly Capital [stock NLY][/stock] and Anworth Mortgage [stock ANH][/stock] to outperform, citing the removal of "GSE overhang," and removal of supply/demand imbalances in the MBS market. Bose George over at Keefe Bruyette also chimed in earlier this week, reiterating his outperform rating on the entire agency mREIT sector.
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