How much further do you think it runs? And is this what you would consider a good longer term investment (similar to how AGNC started near 20s and eventually rose) or something to play more for the short term
I disagree with you here. Look for example at the early starts of MTGE, AGNC, TWO, HTS all of which show some appreciation in price from their IPO to recent dates. REITs have surged in general as of late but even factoring that out there the PPS is significantly higher across the board.