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American Capital Agency Corp. Message Board

  • flames_permission flames_permission Jul 9, 2013 1:18 PM Flag

    PUMPERS LOVE ARTICLES. THIS PRICE TARGET REDUCTION FROM STERNO AGEE FROM " BARRONS" CHUMPS.

    Sterne Agee becomes the latest in a string of firms to cut price targets on mortgage real-estate investment trusts (said target price cuts often coming after actual prices have already fallen well below previous targets) and try to #$%$ where the sector is going from here, following a months-long period of price declines and a sharp sell-off last Friday. Quoth Sterne strategists Henry J. Coffey, Jr. and Calvin Hotrum:

    The spike in the 10 year on the 5th of July and concerns over the vitality of REPO lines have done considerable damage to Agency RMBS values and the book values of agency only M REITs. We have not liked agency only M REITs for some time and would continue to avoid this sub-corner of the M REIT market…. [O]ur fear is that book values will continue to fall, REPO dealers will start to reduce advance rates at the same time M REITs want to buy agency bonds, and the dividends at agency only M REITs will fall over the next few quarters to levels more in line with reported core EPS.

    In the case of American Capital Agency Corp. (AGNC) and Annaly Capital Management (NLY), Sterne says, “this suggests future dividends below $0.78 and $0.28 per quarter, respectively.”

    Sterne points to Two Harbors (TWO) and AG Mortgage Investment Trust Inc. (MITT), which operate with blended strategies and are suffering some of the down pressure on book values, “but nothing akin to what the agency only M REITs are suffering.” In the case of MITT, Sterne says it expects a dividend of $0.70 to $0.80 per quarter. Sterne says TWO has made a number of dynamic shifts in its agency portfolio this quarter and in its latest filings “has indicated its book value is positively skewed towards higher rates,” with Sterne expecting a TWO dividend between $0.25 to $0.30.

    Sterne also points to three companies – Home Loan Servicing Solutions, (HLSS), PennyMac Mortgage Investment Trust (PMT), and MFA Financial (MFA) - that it sees having rising book values and good dividend coverage.

    On balance though, Sterne lowers its price targets on several of the mortgage REITs it follows, cutting AGNC to $22 from $25.50, MFA to $9 from $9.50, MITT to $21 from $26.50, NLY tp $10.75 from $14.25 and PMT to $24.50 from $28.50.

    Sentiment: Strong Sell

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    • yourbestfriendintheworld yourbestfriendintheworld Jul 30, 2013 2:24 AM Flag

      Suck it, loser.

    • 3 week old (weak ) article... give the "pumpers" something fresh already!

    • Sterne Agee becomes the latest in a string of firms to cut price targets on mortgage real-estate investment trusts (said target price cuts often coming after actual prices have already fallen well below previous targets) and try to #$%$ where the sector is going from here, following a months-long period of price declines and a sharp sell-off last Friday. Quoth Sterne strategists Henry J. Coffey, Jr. and Calvin Hotrum:

      The spike in the 10 year on the 5th of July and concerns over the vitality of REPO lines have done considerable damage to Agency RMBS values and the book values of agency only M REITs. We have not liked agency only M REITs for some time and would continue to avoid this sub-corner of the M REIT market…. [O]ur fear is that book values will continue to fall, REPO dealers will start to reduce advance rates at the same time M REITs want to buy agency bonds, and the dividends at agency only M REITs will fall over the next few quarters to levels more in line with reported core EPS.

      In the case of American Capital Agency Corp. (AGNC) and Annaly Capital Management (NLY), Sterne says, “this suggests future dividends below $0.78 and $0.28 per quarter, respectively.”

      Sterne points to Two Harbors (TWO) and AG Mortgage Investment Trust Inc. (MITT), which operate with blended strategies and are suffering some of the down pressure on book values, “but nothing akin to what the agency only M REITs are suffering.” In the case of MITT, Sterne says it expects a dividend of $0.70 to $0.80 per quarter. Sterne says TWO has made a number of dynamic shifts in its agency portfolio this quarter and in its latest filings “has indicated its book value is positively skewed towards higher rates,” with Sterne expecting a TWO dividend between $0.25 to $0.30.

      Sterne also points to three companies – Home Loan Servicing Solutions, (HLSS), PennyMac Mortgage Investment Trust (PMT), and MFA Financial (MFA) - that it sees having rising book values and good dividend coverage.

      On balance though, Sterne lowers its price targets on several of the mortgage REITs it follows, cutting AGNC to $22 from $25.50, MFA to $9 from $9.50, MITT to $21 from $26.50, NLY tp $10.75 from $14.25 and PMT to $24.50 from

      Sentiment: Strong Sell

      • 1 Reply to nophilordoc
      • Sterne Agee becomes the latest in a string of firms to cut price targets on mortgage real-estate investment trusts (said target price cuts often coming after actual prices have already fallen well below previous targets) and try to #$%$ where the sector is going from here, following a months-long period of price declines and a sharp sell-off last Friday. Quoth Sterne strategists Henry J. Coffey, Jr. and Calvin Hotrum:

        The spike in the 10 year on the 5th of July and concerns over the vitality of REPO lines have done considerable damage to Agency RMBS values and the book values of agency only M REITs. We have not liked agency only M REITs for some time and would continue to avoid this sub-corner of the M REIT market…. [O]ur fear is that book values will continue to fall, REPO dealers will start to reduce advance rates at the same time M REITs want to buy agency bonds, and the dividends at agency only M REITs will fall over the next few quarters to levels more in line with reported core EPS.

        In the case of American Capital Agency Corp. (AGNC) and Annaly Capital Management (NLY), Sterne says, “this suggests future dividends below $0.78 and $0.28 per quarter, respectively.”

        Sterne points to Two Harbors (TWO) and AG Mortgage Investment Trust Inc. (MITT), which operate with blended strategies and are suffering some of the down pressure on book values, “but nothing akin to what the agency only M REITs are suffering.” In the case of MITT, Sterne says it expects a dividend of $0.70 to $0.80 per quarter. Sterne says TWO has made a number of dynamic shifts in its agency portfolio this quarter and in its latest filings “has indicated its book value is positively skewed towards higher rates,” with Sterne expecting a TWO dividend between $0.25 to $0.30.

        Sterne also points to three companies – Home Loan Servicing Solutions, (HLSS), PennyMac Mortgage Investment Trust (PMT), and MFA Financial (MFA) - that it sees having rising book values and good dividend coverage.

        On balance though, Sterne lowers its price targets on several of the mortgage REITs it follows, cutting AGNC to $22 from $25.50, MFA to $9 from $9.50, MITT to $21 from $26.50, NLY tp $10.75 from $14.25 and PMT to $24.50 from

        Sentiment: Strong Sell

    • Sterne Agee becomes the latest in a string of firms to cut price targets on mortgage real-estate investment trusts (said target price cuts often coming after actual prices have already fallen well below previous targets) and try to #$%$ where the sector is going from here, following a months-long period of price declines and a sharp sell-off last Friday. Quoth Sterne strategists Henry J. Coffey, Jr. and Calvin Hotrum:

      The spike in the 10 year on the 5th of July and concerns over the vitality of REPO lines have done considerable damage to Agency RMBS values and the book values of agency only M REITs. We have not liked agency only M REITs for some time and would continue to avoid this sub-corner of the M REIT market…. [O]ur fear is that book values will continue to fall, REPO dealers will start to reduce advance rates at the same time M REITs want to buy agency bonds, and the dividends at agency only M REITs will fall over the next few quarters to levels more in line with reported core EPS.

      In the case of American Capital Agency Corp. (AGNC) and Annaly Capital Management (NLY), Sterne says, “this suggests future dividends below $0.78 and $0.28 per quarter, respectively.”

      Sterne points to Two Harbors (TWO) and AG Mortgage Investment Trust Inc. (MITT), which operate with blended strategies and are suffering some of the down pressure on book values, “but nothing akin to what the agency only M REITs are suffering.” In the case of MITT, Sterne says it expects a dividend of $0.70 to $0.80 per quarter. Sterne says TWO has made a number of dynamic shifts in its agency portfolio this quarter and in its latest filings “has indicated its book value is positively skewed towards higher rates,” with Sterne expecting a TWO dividend between $0.25 to $0.30.

      Sterne also points to three companies – Home Loan Servicing Solutions, (HLSS), PennyMac Mortgage Investment Trust (PMT), and MFA Financial (MFA) - that it sees having rising book values and good dividend coverage.

      On balance though, Sterne lowers its price targets on several of the mortgage REITs it follows, cutting AGNC to $22 from $25.50, MFA to $9 from $9.50, MITT to $21 from $26.50, NLY tp $10.75 from $14.25 and PMT to $24.50 from $28.50

      Sentiment: Strong Sell

      • 1 Reply to heres_yer_fiber
      • Sterne Agee becomes the latest in a string of firms to cut price targets on mortgage real-estate investment trusts (said target price cuts often coming after actual prices have already fallen well below previous targets) and try to #$%$ where the sector is going from here, following a months-long period of price declines and a sharp sell-off last Friday. Quoth Sterne strategists Henry J. Coffey, Jr. and Calvin Hotrum:

        The spike in the 10 year on the 5th of July and concerns over the vitality of REPO lines have done considerable damage to Agency RMBS values and the book values of agency only M REITs. We have not liked agency only M REITs for some time and would continue to avoid this sub-corner of the M REIT market…. [O]ur fear is that book values will continue to fall, REPO dealers will start to reduce advance rates at the same time M REITs want to buy agency bonds, and the dividends at agency only M REITs will fall over the next few quarters to levels more in line with reported core EPS.

        In the case of American Capital Agency Corp. (AGNC) and Annaly Capital Management (NLY), Sterne says, “this suggests future dividends below $0.78 and $0.28 per quarter, respectively.”

        Sterne points to Two Harbors (TWO) and AG Mortgage Investment Trust Inc. (MITT), which operate with blended strategies and are suffering some of the down pressure on book values, “but nothing akin to what the agency only M REITs are suffering.” In the case of MITT, Sterne says it expects a dividend of $0.70 to $0.80 per quarter. Sterne says TWO has made a number of dynamic shifts in its agency portfolio this quarter and in its latest filings “has indicated its book value is positively skewed towards higher rates,” with Sterne expecting a TWO dividend between $0.25 to $0.30.

        Sterne also points to three companies – Home Loan Servicing Solutions, (HLSS), PennyMac Mortgage Investment Trust (PMT), and MFA Financial (MFA) - that it sees having rising book values and good dividend coverage.

        On balance though, Sterne lowers its price targets on several of the mortgage REITs it follows, cutting AGNC to $22 from $25.50,

        Sentiment: Strong Sell

    • if thats your twisted opinion of this sector , then why are you here a hole. im sure that you dont own any of these stocks anyway. your just another paid basher twirp from china. . go away. ignore.

 
AGNC
22.93-0.08(-0.35%)Jul 11 4:00 PMEDT

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