No sir. Just a very small float. The lack of liquidity can exaggerate any movement - selling pressure or buying pressure. It has been "priced" at a discount to book of 15.76% (or -15.76% premium depending on you label things). If you back out the recent dividend, assume no positive change in BV from coupon payments and/or appreciation - then its 12.93 (Q2 BV) minus .16 = 12.77..
If an assumption of 12.77 BV is made, then its -14.32% - which is slightly better than the median of it's peers. Better as in, larger discount.
If 12.93 is the BV.. and it continues to pay out a .16 monthly distribution. That is a 14.85% yield on 12.93. Which might be tough. I forgot the #s for leverage and net asset yield.. But perhaps this may be pricing in a small cut to dividend.. Who knows.
Anyways, a good amount of the float is owned by a single, 'buy and hold' entity, XL investments. Thats a good thing, it means the majority of the shareholders will keep a cool head and the stock will move less upon emotion. Meaning, only moving on the facts - not whether or not REITs are IN or OUT, etc etc.
I haven't checked the 'gossip column' aka news of Yahoo for any BS motley fool or whatever articles.. and if thats the reason.. It usually doesn't last. 95% of the time there is nothing tangible stated in said articles.
alkkov, surprised to see you are in this stock too, which is good. Can get some input from you from time to time. Thanks for the info and analysis you provided. By the way, today's volumn is larger than the average, which worries me a little bit.