No volume, just panicked players that sell every time the market sells off...You keep the income stocks especially when it's only 4 days until the X date to receive the .33 cent Div...Hopefully management will buy a lot more shares to increase earnings and protect the Div. They have $50 million left for share re-purchase.
Dude, it was only 1,000 share trade...Look at the volume now at 10:30 86,000 shares, all sells with buyers not stepping in...If you want out you have to take a heavy loss...
AGNC shares have been rising this week. Wednesday they were up 2% to $17.55 at 1 p.m . That followed a rise 2% gain Tuesday. The sector-tracking iShares Mortgage Real Estate Capped (REM) has also risen, helped along as the odds of additional Federal Reserve rate hikes any time soon recede. Arlington Asset (AI), a smaller REIT, was up 8% Wednesday after posting its first increase in book value per share in six quarters Tuesday.
AGNC’s fourth quarter results weren’t great, but they were at least better than the last quarter, finds Merrill Ross, who covers the stock for Wunderlich Securities. Book value per share improved “very modestly” in the last month of the year, she points out. On Feb. 2, when it was trading at a 14% discount to book value, she had a $19.50 price target and a neutral rating.
Nomura analyst Brock Vandervliet highlighted three positives from Tuesday’s conference call in a research note Wednesday. First, he says AGNC is likely to do more share buybacks. Second, he sees signs of improvement in the agency mortgage backed securities market. Finally, he expects AGNC’s book value per share to be stable from here.
My concern is long yield curve is dropping as we have had a short term rate increase. Bascically looking at a contracting interest rate spread. BV may be stable in this environment but earnings will get blasted. I would say right now that arr is supporting divi with cash out of bv which is easy to get away with while sicount to bv is so astronomical but eventually will see a cut.