Mortgage servicing company and fellow REIT Home Loan Servicing Solutions Ltd (NASDAQ:HLSS) has had three members of the Board of Directors buy shares since the beginning of February. Home Loan Servicing Solutions pays a dividend yield of above 5%. Millennium Management, managed by billionaire Israel Englander, added to its stake last quarter and closed December with 2.4 million shares in its portfolio (find Englander’s favorite stocks). As with Two Harbors, it’s a worthwhile prospect for income investors who are comfortable looking at companies tied to mortgages.
Oiltanking Partners LP (NYSE:OILT), which stores and transports oil and petroleum products, has also been popular among insiders according to our insider trading database. At a market cap of $1.7 billion it trades at 30 times trailing earnings though Wall Street analysts are very bullish on the future: the five-year PEG ratio is 0.6. However, net income numbers have not been particularly good in recent quarters despite very strong performance on the top line. We’d note that Oiltanking Partners carries a beta of 0.6. and a dividend yield of 3.5%.
Disclosure: I own no shares of any stocks mentioned in this article.