Mortgage REIT Rout Intensifies; CYS, MITT Down Over 6% (Barrons)
Mortgage real-estate investment trusts, which got hit unexpectedly hard Friday, are getting absolutely crushed Monday, in some cases revisiting 52-week lows, as Treasury yields keep rising to multiyear highs, with the ten-year yield climbing to 2.888% at last check. The most acute losses can bee seen in CYS Investments (CYS), which was recently down 6.3%; American Capital Agency Corp. (AGNC), down 4.7%; Annaly Capital Management, Inc. (NYSE:NLY), down 5.0%; Hatteras Financial Corp (HTS) down 4.0%; and AG Mortgage Investment Trust Inc. (MITT) down a whopping 6.7%.
Stocks Closing In The Red: ARMOUR Residential REIT, Inc. (NYSE:ARR), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) (NisMagazine)
ARMOUR Residential REIT, Inc. (NYSE:ARR) fell 3.51% at $4.12 after trading 9.39 million shares. Armour invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored entities. The company announced August 7 that it had received a letter from the New York Stock Exchange notifying the Company that it is deficient in meeting Section 303A.01 of the NYSE Listed Company Manual, which requires a majority of independent directors on the board of directors.
Notable Movers (NisMagazine)
StockFreak scours the market on a daily basis looking for the hottest penny stocks that may be the next big runners.StockFreak focuses on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks – ARMOUR Residential REIT, Inc. (NYSE:ARR) …ARMOUR Residential REIT, Inc. (NYSE:ARR) opened the session at $4.37, remained amid the day range of $4.35 – $4.41, and closed the session at $4.38. The stock showed a negative performance of -0.23% in previous trading session. The stock gained a volume of 4.72 million shares and the average volume of the stock remained 5.58 million shares. ARMOUR Residential REIT, Inc.( ARMOUR) is an externally-managed Maryland corporation managed by ARMOUR Residential REIT, Inc. The Company invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage backed securities (RMBS).
Insider Selling: American Capital Mortgage Investment Corp. Director Unloads 1,000 Shares of Stock (MTGE) (Zolmax)
American Capital Mortgage Investment Crp (NASDAQ:MTGE) Director Morris Davis sold 1,000 shares of American Capital Mortgage Investment Crp (NASDAQ:MTGE) stock on the open market in a transaction that occured on Monday, August 12th. The stock was sold at an average price of $20.22, for a total value of $20,220.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. A number of analysts have recently weighed in on American Capital Mortgage Investment Crp (NASDAQ:MTGE) shares. Analysts at Zacks upgraded shares of American Capital Mortgage Investment Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th.
Active Runners (Zolmax)
LeadingStockAlerts is a financial marketing firm that specializes in assisting the underserved small cap and micro-cap stock community… Annaly Capital Management, Inc. (NYSE:NLY) plunged -1.91% and closed at $11.27 on a traded volume of 11.85 million shares, whereas its average trading volume is 11.70 million shares. In the last three months, the stock is down -25.07%. The Intra-day range for the stock is $11.25 and $11.50. Will NLY Get Buyers Even After The Recent Rally? Find Out Here Annaly Capital Management, Inc. (NYSE:NLY) owns, manages, and finances a portfolio of real estate related investments in United States. The company invests in mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans.