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Cannibalizing REITs for a Bigger Pay Day

Cannibalizing REITs for a Bigger Pay Day (SeekingAlpha)

American Capital Agency (AGNC) is a real estate investment trust (REIT), or, more precisely, a mortgage real estate investment trust (MREIT) that invests in mortgages backed by government-sponsored enterprises like Fannie Mae or Freddie Mac. In the company’s most recent earnings conference call, CEO Gary Kain announced that the company had begun purchasing common stock of fellow MREITs at a significant discount to book value. While the move sparked controversy on the call, and within the REIT community, it could ultimately pay off handsomely for AGNC investors who currently enjoy an 11.9% dividend yield.

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In AGNC's most recent earnings conference call, CEO Gary Kain announced that the company had begun purchasing common stock of fellow MREITs at a significant discount to book value.

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Cannibalizing REITs for a Bigger Pay Day

In AGNC’s most recent earnings conference call, CEO Gary Kain announced that the company had begun purchasing common stock of fellow MREITs at a significant discount to book value.

Cannibalizing REITs for a Bigger Pay Day (SeekingAlpha)

American Capital Agency (AGNC) is a real estate investment trust (REIT), or, more precisely, a mortgage real estate investment trust (MREIT) that invests in mortgages backed by government-sponsored enterprises like Fannie Mae or Freddie Mac. In the company’s most recent earnings conference call, CEO Gary Kain announced that the company had begun purchasing common stock of fellow MREITs at a significant discount to book value. While the move sparked controversy on the call, and within the REIT community, it could ultimately pay off handsomely for AGNC investors who currently enjoy an 11.9% dividend yield.

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TRENDING NOW:

The Divided State of Britain.

CULTURE

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‘Principled’ Rightists Have Forgotten What the Principles Are.

TECH

‘Squash Amash’ Rally Takes Aim at Michigan’s Anti-Trump GOP Rep

U.S. POLITICS

Gulf of Oman 'attack': Oil tankers on fire amid rising tensions between Iran and rivals Gulf of Oman 'attack': Oil tankers on fire amid rising tensions between Iran and rivals

Don’t Rush to War with Iran Over Some Tankers.

U.S. POLITICS

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