Mortgage REIT's

According to today's BEA report, the annual inflation rate for Personal Consumption Expenditures (PCE) for the first quarter of 2011 is 1.6%, well below (less than half) of the average 3.6% rate back to 1960 (see top chart above).  Annual inflation for the PCE Index less food and energy is 0.90%...

American Capital Agency's (NASDAQ: AGNC) reported 1Q11 results were $0.12 above consensus and book value grew 7% Q/Q. Despite substantial ROE outperformance and the most innovative approach to risk management in the REIT space, Jefferies views the shares as fairly valued. AGNC currently trades to a...

Deutsche Bank is out with its report today on Hatteras (NYSE: HTS), maintaining Hold. In a note to clients, Deutsche Bank writes, "1Q earnings were below our expectations, as wider-than-expected net interest spreads could not offset lower-than-expected leverage. We expect a sequential earnings...

1) Ramtron International (RMTR)- Ramtron International Corporation (Ramtron) is a fabless semiconductor company that designs, develops and markets specialized semiconductor memory, microcontroller and integrated semiconductor solutions. The Company developed the integration of ferroelectric...

1) United Parcel Service, Inc. (NYSE:UPS) United Parcel Service, Inc. is a package delivery company. The Company delivers packages each business day for 1.8 million shipping customers to 6.1 million consignees in over 200 countries and territories. Its primary business is the time-definite...

American Capital Agency (Nasdaq: AGNC) Reports EPS of $1.30 vs. $1.30

Dynex Capital, Inc. (NYSE: DX) announces that it has filed a petition for permission to appeal with the United States Court of Appeals for the Second Circuit the certification of the class in the matter styled Teamsters Local 445 Freight Division Pension Fund versus Dynex Capital, Inc. et al. The...

Dynex Capital, Inc. (NYSE: DX) noted that it has filed a new universal shelf registration statement on Form S-3 to replace its existing universal shelf which expired earlier this month. When it is declared effective, the shelf will provide for the potential issuance of up to $500 million of new...

A company's debt-to-capital ratio is a measurement of its total debt relative to its total capital. The debt incorporates all short- and long-term obligations, whereas total capital incorporates the company's shareholder equity (common stock, preferred stock, minority interests, etc.) and net debt...

KBW is out with its report today on Chimera Investment (NYSE: CIM), downgrading shares of CIM from Outperform to Market Perform. In a note to clients, KBW writes, "We are downgrading Chimera to Market Perform from Outperform based on valuation. The shares are trading at 1.21x reported book value....

KBW is out with its report today on Redwood Trust (NYSE: RWT), lowering its PT to $17. In a note to clients, KBW writes, "We are reducing our price target for Redwood to $17. This equates to a target price/book multiple of 1.17x our mark-to-market book value estimate of $14.50. This is consistent...

In the Savings and Loan (S&L) debacle Speaker Wright became enraged at the Federal Home Loan Bank Board and the Department of Justice when he learned that the FBI was investigating 400 individuals, most of them Texans, for their possible role in the S&L control frauds that were causing the...

Wunderlich Securities has a research report on housing finance and mortgage REITs. In the note, Wunderlich mentions American Capital Agency Corp. (NASDAQ: AGNC). In a note to clients, Wunderlich writes, "Market concerns over the pending termination of QE2 pressured the mortgage REITs. Though we...

Analysts at Keefe Bruyette downgrade Chimera Investment Corporation (NYSE: CIM) from “outperform” to “market perform.” CIM shares fell 0.25% to close at $3.92 on Friday. More Analyst Ratings here

Scotia Capital has upgraded the following companies: Fibria Celulose (NYSE: FBR) from Sector Perform to Outperfrom AbitibiBowater (NYSE: ABH) from Sector Perform to Outperform Louisiana Pacific (NYSE: LPX) from Underperform to Sector Perform Weyerhauser (NYSE: WY) from Underperform to Sector...