Editor’s Note: Related tickers: American Capital Agency Corp. (NASDAQ:AGNC), ARMOUR Residential REIT, Inc. (NYSE:ARR), Javelin Mortgage Investment Corp (NYSE:JMI), American Capital Mortgage Investment Crp (NASDAQ:MTGE), salesforce.com, inc. (NYSE:CRM)
Armour Biggest REIT Share Loser as Fed Weighs Exit: Mortgages (BusinessWeek)
Jeffrey Zimmer, co-head of ARMOUR Residential REIT, Inc. (NYSE:ARR), says this isn’t a tough time for the mortgage investment firm. Shareholders disagree. ARMOUR Residential REIT, Inc. (NYSE:ARR), which has about $22.5 billion of government-backed home-loan debt, has lost 13 percent this year, including reinvested dividends, trailing all real estate investment trusts that buy mortgage bonds in a Bloomberg index of 33 companies. The other REIT that Zimmer and co-head Scott Ulm run — Javelin Mortgage Investment Corp (NYSE:JMI) — is the second-worst. …Mortgage REITs have declined 11 percent this month, their worst drop since October 2008. ARMOUR Residential REIT, Inc. (NYSE:ARR) is down 17 percent and American Capital Agency Corp. (NASDAQ:AGNC), the second-largest of the firms has decreased 20 percent.
3 Stocks Getting Trounced Today (DailyFinance)
The selling pressure on mREITs continues. As investors voice concerns over firms’ ability to navigate a changing interest rate environment, many mREIT stocks have been pummeled. One of the biggest movers today is ARMOUR Residential REIT, Inc. (NYSE:ARR), falling over 6% at one point. Two mREITs run by Gary Kain, American Capital Agency Corp. (NASDAQ:AGNC) and American Capital Mortgage Investment Crp (NASDAQ:MTGE), were also trading lower. In this video, Motley Fool financial analysts David Hanson and Matt Koppenheffer discuss the mREIT industry and what they will be watching going forward.
Do Hedge Funds and Insiders Love American Capital Agency Corp. (AGNC)? (InsiderMonkey)
American Capital Agency Corp. (NASDAQ:AGNC) shareholders have witnessed a decrease in support from the world’s most elite money managers in recent months. To most market participants, hedge funds are seen as underperforming, old financial vehicles of the past. While there are more than 8000 funds with their doors open today, we choose to focus on the upper echelon of this group, around 450 funds. It is estimated that this group oversees the lion’s share of all hedge funds’ total capital, and by watching their highest performing stock picks, we have unearthed a few investment strategies that have historically outstripped Mr. Market. …With all of this in mind, let’s take a look at the key action surrounding American Capital Agency Corp. (NASDAQ:AGNC).
Stocks To Eyes On: American Capital Agency Corp. (NASDAQ:AGNC), salesforce.com, inc. (NYSE:CRM), J.C. Penney Company, Inc.(NYSE:JCP) (TheOpenGlobe)
American Capital Agency Corp. (NASDAQ:AGNC) shares fell 3.82% to $25.39. The company on May 2 said first-quarter profit was $231 million, down from $641 million in the same period last year. Net income available to common shareholders plunged to $228 million or $0.64 per share from $641 million or $2.66 per share last year. Comprehensive loss attributable to common shareholders totaled $560 million or $1.57 per share, compared to a profit of $587 million or $2.44 per share last year. Net-interest income dropped to $407 million from $408 million last year. salesforce.com, inc. (NYSE:CRM) stock dropped 1.56% to $41.14. The company on May 23 said its fiscal first-quarter loss widened as the Web-based business-software company recorded an increase in operating and interest expenses, though core earnings and revenue improved.
