An alternative is to buy REM for a diversified ownership of mortgage REITs. AGNC represents 12% of their holdings. Current yield for REM is over 11%.
I guess its just you and me again. Yes, you are right, the annual report is hard to read. We have a combination of company assets, subsidiary assets and joint venture investments. The company is not very transparent in what we can expect in the future. Do we wait another year for an update? The recent sell off in the stock shows there is not too much interest in this company. Today's volume of 329,000 is uncommon for this stock. Let's hope for the best.
I hope you are right about the good news. Its about time this company reported a profit. I sent them an email asking when they will report 2015 financial results. They responded that earnings (hopefully) will be reported "during the month of April".
What is this all about?
"Today's News, April 07, 2016
6:18 am ET
*Apollo Commercial Real Estate Finance Announces 13.4M Share Common Stock Offering -S-4
Yes, this was a big sell today with 11.3 million shares, double the average daily volume. No news from VER so far. Other equity REITs did very well today.
It amounts to about $1.00 per share annually that NSAM charges NRF for its management expertise. What do NRF shareholders get for that management fee? The stock price tells all.
Not sure but I hope they do as well as O and NNN. O is up 4.7% and NNN is up 3.1% today on great earnings reports with a DOW down 347. VER seems to be down with the market today. It reports on Feb 24.
Given all the pessimism about this REIT, a quarterly dividend cut to "only" $0.50 per share will be a big boost to the stock price.
You got that right. They have delivered so little for common shareholders. But they award themselves with generous stock options.
We seem to make up most of the posts on this message board. There is always hope that in late March 2016 CVHL will finally report some earnings. Although with the huge increase in shares outstanding, the 2015 annual report will probably be a modest number on a per share basis. Tricadia Capital Management, LLC had to believe their investment would pay off. I hope so and soon.
This is the time of tax loss selling. 2015 certainly would be a reason for this selling. But CVHL still has the $400 million in net operating loss carry forward (NOL's). That is a big plus going forward and I think the reason why Tricadia invested in this company. Future profits will benefit from that asset.
NNN and O were just upgraded. VER is a better value in the triple-net REIT business. Yes, patience will be rewarded.
" On Wednesday, Stifel boosted price targets for two triple-net REITs, National Retail Properties, Inc. (NYSE: NNN) and Realty Income Corp (NYSE: O).
Stifel increased its target price from $41.00 to $43.00 for National Retail Properties, citing the business model should continue to work next year; and also raised its target price from $52.00 to $54.00 for Realty Income, with the research firm seeing another solid year ahead for the company."
$0.24 per quarter equals $0.96 per year.
NEW YORK, Dec. 16, 2015 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (NYMT) (the “Company”) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.24 per share on shares of its common stock for the quarter ending December 31, 2015.