|Bid||23.19 x 3000|
|Ask||23.99 x 800|
|Day's Range||23.33 - 23.91|
|52 Week Range||13.03 - 48.39|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-45.15%|
|Beta (5Y Monthly)||1.63|
|Expense Ratio (net)||0.48%|
Analysts at Keefe, Bruyette and Woods say investors should follow the Federal Reserve, and buy mortgage REITs that focus on the part of the market guaranteed by U.S. agencies.
The mortgage real estate investment trust sector was mostly lower Friday, after Raymond James analyst Stephen Laws said it was still too early for investors to shift their focus away from liquidity concerns, toward future portfolio returns. The iShares Mortgage Real Estate Capped ETF slumped 3.3% in afternoon trade, to pullback from a sharp two-day bounce in which the ETF recorded back-to-back record one-day gains, of 15.2% on Wednesday and 20.8% on Thursday. The ETF had closed at a record low on Tuesday, after plunging 65.4% in a month. The recent bounce had come after a number of mortgage REITs gave position updates and government actions to help soothe liquidity concerns and a rally in the broader stock market . "We are encouraged by the recent positive liquidity updates, but believe it is too early to shift the focus to 2H earnings," Laws wrote in a note to clients. "While we believe conditions have improved some with respect to margin calls and CRE companies are in better shape than investors feared earlier in the week, the near-term could continue to be volatile given impacts from COVID-19." Before the bounce, Laws pointed out that 5 mortgage REITs, all components of the ETF, had said they could not meet margin calls.
The plunge in stocks and bonds reflects a massive economic contraction that’s just beginning. Too bad you couldn’t invest alongside some prescient U.S. senators.
Dubai, October 15, 2019 -- Moody's Investors Service ("Moody's"), today has downgraded Kagiso Tiso Holdings Proprietary Limited's (KTH or the company) corporate family rating (CFR) to Ba3 from Ba2, the national scale rating (NSR) CFR to Baa1.za from A2.za and the NSR short term issuer rating to P-2.za from P-1.za. The short term issuer rating of NP is affirmed.
'Rent the Backyard' is taking on Airbnb by building homes in backyards and splitting the rental profits with owners. Yahoo Finance's Zack Guzman & Heidi Chung, along with Flat World Partners CEO Anna-Marie Wascher discuss with Rent the Backyard Co-Founder Brian Bakerman.
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More Americans are signing contracts to purchase homes in May compared to April. Pending home sales rose 1.1% last month. Yahoo Finance's Zack Guzman & Kristin Myers discuss with entrepreneur and real estate investor Grant Cardone.