So if you include the .90 dividend, you can buy these shares for $25.25 today....!
This is really making no sense. I follow a lot of other mreits, many with dividend cuts and "not that great of numbers" and they are literally climbing in price everyday, like TWO, HTS ect. Mtge announces great news and no dividend cut and it goes nowhere. Is there an issue with mbs price spreads or something i am unaware of. MTGE numbers look like the best of the Mreits right now and its going nowhere. I am a strong buyer at this level, figureing in the dividend, but is anyone else...?
Nope. MTGE has outperformed all other mREITs for a while, and someone is taking advantage of this div run to dispose of a very big position. The pattern is aggressive selling until the book breaks down, then they sit until the end of day short-covering. It's a reasonable strategy, and I hope it means there won't be a lot of selling pressure after the div.