SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Sep 18, 2012) - High Yielding REITs have surged in 2012 as the U.S. housing market has experienced a steady recovery. The Market Vectors Mortgage REIT ETF (MORT) recently hit a new 52-week high and is up over 20 percent for the year. The Federal Reserve Last Thursday announced the implementation of Quantitative Easing 3, which will focus on bond purchases in the mortgage market. The Paragon Report examines investing opportunities on diversified REITS and provides equity research on American Capital Agency Corp. (NASDAQ: AGNC) and ARMOUR Residential REIT, Inc. (NYSE: ARR).
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In a statement released last Thursday the Fed announced it would purchase $85 billion in bonds a month for the rest of 2012. In 2013, the Fed will then continue to purchase $40 billion per month of mortgage backed securities indefinitely until they believe the economy does not require the support. Also the benchmark interest rate is to remain low until at least mid-2015, six months longer than previously planned.
"These actions, which together will increase the Committee's holdings of longer-term securities by about $85 billion each month through the end of the year, should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative," the Fed statement said.
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American Capital has $101 billion in assets under management and seven offices in the U.S. and Europe. American Capital and European Capital will consider investment opportunities from $10 million to $500 million. The company declared a cash dividend of $1.25 per share for the second quarter 2012, for a yield of roughly 14.6 percent.
ARMOUR is a Maryland corporation that invests primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage-backed securities issued or guaranteed by U.S. Government-chartered entities. The company recently reported that James R. Mountain will become the company's new Chief Financial Officer, effective September 1, 2012.
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