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"Book value is estimated to be between $17.01 and $17.71 per common share as of July 31, 2022"
Fairly big range. At least it went up from $16.16 at the end of Q2.
Currently, the housing market 30-yr Rate is slowly declinging which is a Good Sign that we're returning to earth! Why???
Think! Back in 2nd QTR around May homebuyers were welcomed to exorbitantly high mortgage rates where a person the prev year in 2021 was paying X% but it almost doubled in 2022 on the variable rate. So buyers were paying a lot for 1 Family or 2 Family homes w/ a 1 car garage that was prob $100K - $250,000 and MORE above what the market comps of that home would be due to the "over heating" of the market.
It was a seller's market.
Now the Fed is concentrating on killing inflation by basically destroying consumer demand attributable by Bitcoin Millionaires, Stimulus Checks, and Wage Jumps (where positions paid $8 an hr 5yrs ago and after 2020 it went up to $15 or higher given circumstances).
So the market is cooling off and restarting if you will but the effects will take time like 6 months or longer.
The point is that the entire housing market and REITS have more downtrending to go. I suspect it to level off hopefully by end of year or early 2023.
The Jobs Report is super important on what the Fed will do with hikes going forward and the housing market 30-yr rate avg going down.
So for $ORC, $ARR, $IVR, $TWO, $AGNC, $EARN, and others will need to be patient before things to significantly turnaround in the right direction.
This is the time to hold or possibly buy smaller chunks over the next 6 months.
Stay patient and read up on the news! GL to ALL!!!
amazing Dividends history here:
https://finance.yahoo.com/quote/IVR/history?period1=1277856000&period2=1661040000&interval=capitalGain%7Cdiv%7Csplit&filter=div&frequency=1mo&includeAdjustedClose=true
covid crisis.
here
https://finance.yahoo.com/quote/IVR/history?period1=1246406400&period2=1655856000&interval=capitalGain%7Cdiv%7Csplit&filter=div&frequency=1mo&includeAdjustedClose=true