SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Aug 28, 2012) - Shares of high yielding REITs have been relatively flat this month. The Vanguard REIT ETF (VNQ) -- which tracks the performance of an index that measures the performance of publicly traded equity REITs - is up over 14 percent this year, nearly double the Dow Jones gain of 8 percent over the same period. Five Star Equities examines the outlook diversified REITS and provides equity research on ARMOUR Residential REIT, Inc. (NYSE: ARR) and New York Mortgage Trust, Inc. (NASDAQ: NYMT).
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Investors have looked to mortgage REITs to take advantage of the recovering U.S. housing market. Mortgage REITs do not directly invest in real estate but invest in the mortgages on real estate properties.
"Housing has gone from a big negative to neutral" for the economy said Mark Zandi, chief economist of Moody's Analytics. "By this time next year it will be a plus and two years from now a big plus and one of the reasons the economy will be growing much more quickly than many think in 2014 and 2015."
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For the quarter ended June 30, 2012, ARMOUR declared dividends of $0.10 per common share outstanding for each month of the quarter. The dividend payments for the second quarter of 2012 totaled $54.5 million. The company reported estimated taxable REIT income available to pay dividends of $56.8 million in the second quarter of 2012.
New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust. The company declared a second quarter dividend of $0.27 per common share, for a dividend yield of roughly 16 percent, which was paid on July 25, 2012.
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