“A rise in mortgage refinancings and bond prepayments, due to falling rates enabled by Fed policy and large Fed mortgage bond purchases, has left many agency mREITs such as Annaly Capital Management (NYSE: NLY) and American Capital Agency Corp. (NasdaqGS: AGNC) trading sharply lower than a month ago,” Barron’s previously reported. [High-Yielding Mortgage REIT ETFs Stumble After QE3]
Annaly recently announced plans to buy CreXus (NYSE: CXS) in a bid to diversify away from agency-backed paper, reports Matt Koppenheffer for the Motley Fool.
- iShares FTSE NAREIT Mortgage REITs Index Fund ETF (NYSEArca: REM): 12.08% 30-day SEC yield; NLY is 21.0%, ACAS is 16.2%
- Market Vectors Mortgage REIT Income ETF (NYSEArca: MORT): 12.48% 30-day SEC yield; NLY is 18.4%, ACAS is 13.9%
iShares FTSE NAREIT Mortgage REITs Index Fund ETF
For more information on real estate investment trusts, visit our REITs category.
Max Chen contributed to this aritcle.