The steady growth of the U.S. housing market this year has led high returns from the real estate investment trusts. The Vanguard REIT ETF, which compiles the performance of an index that evaluates the performance of publicly traded equity REITs, is up more than 15 percent for 2012, beating the Dow Jones Industrial by a large margin.
The U.S. Real Estate Investment Trust (REIT) industry maintained their upbeat performance in the first half of 2012, led by growing fundamentals for commercial real estate and a better forecast for the U.S. economy even with some recent concerns. The uptrend seen in the diffusion index further indicated that economic growth was expanding across sectors and suggested a higher probability of a firmer foundation for future growth.
ARMOUR Residential REIT, Inc. (NYSE:ARR)
ARMOUR Residential REIT, Inc. (NYSE:ARR) declared that it has priced an underwritten public offering of 55,000,000 shares of common stock. ARMOUR has endowed the underwriters a 30-day option to acquire up to 8,250,000 additional shares of common stock.
The underwriters are bidding the shares in one or more deals in the over-the-counter market or through bargained transactions at market prices or at negotiated prices. The offering is projected to close on August 8, 2012.
During last trading session, ARMOUR Residential REIT, Inc. (NYSE:ARR) dropped -2.68% and closed at $7.48 with the total traded volume of 73.61 million shares more than the average volume of 7.16 million. It has market capitalization of 1.75 billion.
Chimera Investment Corporation (NYSE:CIM)
Chimera Investment Corporation (NYSE:CIM) moved up -0.47% with the closing price of $2.16. The overall volume in the last trading session was 11.90 million shares. Its fifty two week range was $1.81-$2.94. The total market capitalization remained $2.22 billion.
CIM is ahead of its 52 week low with 19.34% and its last month price volatility remained 3.16%. Its beta coefficient was 1.19 with a target price of $2.69. In its share capital CIM has 1.03 billion outstanding shares and all shares have been floated in market.
CIM has insider ownership of 0.01% with its institutional ownership remained 43.20%.
American Capital Agency Corp. (NASDAQ:AGNC)
American Capital Agency Corp. (NASDAQ:AGNC) reported second-quarter net loss of $264 million or $0.88 per share, as compared to net income of $178 million or $1.36 per share in the same quarter of last year.
Net interest income for the quarter rose to $384 million, as against $201 million in the previous year quarter. Total other loss was $612 million, as compared to $6 million in year ago quarter.
In last trading session, American Capital Agency Corp. (NASDAQ:AGNC) slipped -0.60% to close at $34.83 and its overall traded volume was 6.08 million shares. Its price to earnings ratio ended at 8.37.