It's doing much more poorly than the mREIT sector as a whole. What gives? Any thoughts?
Sentiment: Strong Buy
Could be arbtirage related to the preferred that go ex-div on Mar 27.
We could be seeing rotation from AGNC, which is ex-div, to other REITs that haven't gone ex-div yet. TWO offers a $0.32 div and a one-time stock div worth $1.13., Ex div date is Thursday or Monday.
NLY pays a $0.45 div with an ex-div date of Mar 27.
i know exactly why. the financial market space, every market you can think of, has a new pretty boy(s).
will change tomorrow. wait for it.
Could it be related to the 3/18 ex dividend date?
Actually,there was no good reason for the runup after ex-div. My thought was that the management was pumping it for another SPO.
getting worse too. Now down close to 1.5%. Pretty steep.