American Capital Agency Corp. and Annaly Capital Management, Inc. Benefit From a Rise in Mortgage Applications
The Paragon Report Provides Stock Research on American Capital Agency Corp. and Annaly Capital Management, Inc.
NEW YORK, NY -- (Marketwire) -- 04/05/12 -- High yielding REITs have been showing signs of improvement recently. The Vanguard REIT ETF (VNQ), after stalling at the beginning of the year, has outperformed the Dow Jones Industrial in March. Year-to-date the Vanguard REIT ETF is up close to 9 percent. The Paragon Report examines the outlook for Diversified REITs and provides equity research on American Capital Agency Corp. (NASDAQ: AGNC) and Annaly Capital Management, Inc. (NYSE: NLY).
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Mortgage applications rose 4.8 percent for the week ending March 30, according to the Mortgage Bankers Association. "Applications to buy a home picked up last week, and are running more than two percent above the level reported at this time last year," said Michael Fratantoni, MBA's vice president of research and economics. "Home purchase applications for conventional loans are now about 10 percent above last year's level."
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on Diversified REITs register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
American Capital Agency Corp. announced that it has commenced an underwritten public offering of shares of its Series A Cumulative Redeemable Preferred Stock (the 'Series A Preferred Shares'). In connection with the offering, the Company has granted the underwriters an option for 30 days to purchase additional shares to cover overallotments, if any.
Annaly Capital Management, Inc. announced that its Board of Directors declared the first quarter 2012 common stock cash dividend of $0.55 per common share. This dividend is payable April 26, 2012, to common shareholders of record on March 30, 2012. The ex-dividend date is March 28, 2012.
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