Privately-owned housing starts in the United States edged down in July, according to the U.S. Commerce Department yesterday. The report was released just one day after the National Home Builder Association revealed that builder sentiment grew 2 percentage points to 37, a signal that demonstrates improving interest that the long-hobbled market is on the track to some state of normalcy.
New home buildings last month moved down 1.1 percent lower from the revised June forecast of 754,000, but moved at a level that was 21.5 percent higher when compared with July 2011 rate of 614,000. Single-family housing starts last month were at a rate of 502,000, or 6.5 percent less than the revised June figure of 537,000.
CIM has been talking with PEMEX in Mexico City related to the possibility of shale exploration in the country and has pointed to three Chicontepec Formation wells for use of Chimera’s new Non-Hydraulic Shale Oil Extraction system.
The stock moved up 0.41% to close at $2.45 and its total traded volume during last trading session was 4.23 million shares. CIM has earnings per share of $0.52 with the net profit margin of +58.57% and operating margin of +58.64%.
In last trading session, ARMOUR Residential REIT, Inc. (NYSE:ARR) moved down -0.94% and closed at $7.41 with the total traded volume of 9.42 million shares. ARR has earnings per share of $0.27 and its price to earnings ratio of 27.52.
American Capital Agency Corp. (NASDAQ:AGNC) reported the loss of -1.59% with the closing price of $33.50. The overall volume in the last trading session was 13.07 million shares. Its fifty two week range was $22.84-$35.58. The total market capitalization remained $11.44 billion.
In its share capital AGNC has 64.86 million outstanding shares while 341.54 million shares have been floated in market. AGNC has insider ownership of 0.12% with its institutional ownership remained at 41.64%. It has positive year-to-date performance of 29.09%.
In the last trading session, Annaly Capital Management, Inc. (NYSE:NLY) dropped -1.46% and closed at $16.89 with the total traded volume of 12.53 million shares. NLY has earnings per share of $0.17 and its price to earnings ratio of 100.17.