Maryland foreclosure rate in July rose 14.1 percent as compared to June and 29.8 percent in same month last year, the 10th-best year-over-year growth in the country. Research firm RealtyTrac Inc released data showing as of July, 1,596 Maryland housing units, or one out of every 1,490, were included in the list of foreclosures.
In other news, the Dubai government released figures this week which showed Indian citizens were the key buyers of luxury apartments and commercial space in the Burj Khalifa during the starting six months of 2012, spending $222 million. Iranians buyers scored second highest with $128 million.
During last trading session, ARMOUR Residential REIT, Inc. (NYSE:ARR) surged 0.40% and closed at $7.48 with the total traded volume of 6.72 million shares, lower than the average volume of 11.92 million. It has market capitalization of 2.13 billion.
Chimera Investment Corporation (NYSE:CIM) moved up +3.02% with the closing price of $2.39. The company is now on the insider trading radar of a research firm after their system detected abnormal trading volume and price movement and expect insiders might have traded. The overall volume in the last trading session was 8.02 million shares. Its fifty two week range was $1.81-$3.30. The total market capitalization remained $2.46 billion.
CIM is ahead its 52 week low with 32.04% and its last month price volatility remained 4.71%. Its beta coefficient was 1.19 with a target price of $2.69. In its share capital CIM has 1.03 billion outstanding shares while all shares have been floated in market. CIM has insider ownership of 0.01% while its institutional ownership remained 43.20%.
In last trading session American Capital Agency Corp. (NASDAQ:AGNC), which in this year has not just issued common shares but also a new series of preferred, moved up +1.22% to close at $33.97 and its overall traded volume was 5.61 million shares. Its price to earnings ratio ended at 8.16.
During last trading session, Annaly Capital Management, Inc. (NYSE:NLY) surged 0.84% and closed at $16.79 with the total traded volume of 9.77 million shares, lower than the average volume of 10.29 million. It has market capitalization of 16.36 billion.
General Growth Properties Inc (NYSE:GGP) moved down -0.59% with the closing price of $18.58. The overall volume in the last trading session was 2.76 million shares. Its fifty two week range was $10.68-$18.97. The total market capitalization remained $17.43 billion.
The stock is ahead its 52 week low with 78.64% and its last month price volatility remained 1.86%. Its beta coefficient was 3.53 with a target price of $18.82. In its share capital GGP has 937.88 million outstanding shares while 757.14 million shares floated in market. The company has insider ownership of 2.25% with its institutional ownership remained 96.57%.