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Options Brief: Chimera Investment Corporation (CIM)
Tuesday, March 1, 2011 - 3:24pm | 84Shares of Chimera Investment Corporation (NYSE: CIM) are lower on the session by 1.39%, trading at $4.25. Overall put volume is now running at 5.66x the daily average, with 66% of all puts traded being purchases on the offer. 5,375 contracts have traded on the session so far. Chimera Investment...
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Keefe, Bruyette & Woods Report Redwood Trust's Credit Provision Increased To $7.9 Million
Tuesday, March 1, 2011 - 9:10am | 85In a report published by Keefe, Bruyette & Woods, Redwood Trust's (NYSE: RWT) operating EPS of $0.16 declined from $0.25 in 3Q as the company's credit provision (primarily related to its legacy Sequoia portfolio) increased to $7.9 million from $2.4 million. Keefe, Bruyette & Woods reported...
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Newcastle Reports Q4 EPS of $3.18
Tuesday, March 1, 2011 - 8:02am | 83Newcastle Investment Corp. (NYSE: NCT) reported that in the fourth quarter of 2010, income applicable to common stockholders was $197 million, or $3.18 per diluted share, compared to $17 million, or $0.31 per diluted share, in the fourth quarter of 2009. GAAP income of $197 million consisted of...
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NorthStar Realty Finance Announces Resignation of CFO
Monday, February 28, 2011 - 7:31am | 88NorthStar Realty Finance Corp. (NYSE: NRF) today announced that Andrew C. Richardson, its executive vice president and chief financial officer, has resigned effective as of March 27, 2011 to become chief financial officer of The Howard Hughes Corporation (NYSE: HHC), a company that owns, manages...
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Below $3 Trading on the NYSE
Sunday, February 27, 2011 - 12:06am | 497Many investors believe low price stocks are dead, even those that trade on the New York Stock Exchange (NYX). But look at Flotek Industries Inc. (FTK), the Houston based drilling supply company. The stock traded between 1.06 to 1.36 during the month of July last year. It closed at 6.53 on Friday....
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Is Inflation Good For A Portfolio? 02-25-2011
Friday, February 25, 2011 - 6:55pm | 865Cusick's Corner Food for thought this weekend -- is inflation good for my portfolio? With corporate profits continuing to top estimates and forecasts still positive out 2-3 quarters, it may be easy to negate the impact of potential inflation on your holdings. But that could be a mistake. Unlike...
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Jefferies Comments On RWT 4Q
Friday, February 25, 2011 - 8:31am | 140Based on Redwood Trust's (NYSE: RWT) competitive advantage in the arena of RMBS securitizations, recent GSE reform proposals, and an improving economy, “we view RWT as one of the most compelling investment opportunities in the Specialty Finance universe,” Jefferies reports. “Weakness in GAAP...
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Redwood Trust Reports Q4 EPS of $0.18 vs. $0.26
Thursday, February 24, 2011 - 4:30pm | 109Redwood Trust, Inc. (NYSE: RWT) today reported net income for the fourth quarter of 2010 of $15 million, or $0.18 per fully diluted share. This compares to net income of $20 million, or $0.25 per fully diluted share, for the third quarter of 2010, and net income of $40 million, or $0.51 per fully...
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iStar Financial Reports Q4 EPS of $(0.42) vs. $(0.69)
Thursday, February 24, 2011 - 7:52am | 79iStar Financial Inc. (NYSE: SFI) today reported results for the fourth quarter and fiscal year ended December 31, 2010. Adjusted earnings (loss) allocable to common shareholders for the fourth quarter was ($38.3) million or ($0.42) per diluted common share, compared with ($141.7) million or ($1.47...
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BofA/Merrill Downs RWT To Underperform
Thursday, February 24, 2011 - 7:16am | 49Analysts at BofA/Merrill downgrade Redwood Trust Inc (NYSE: RWT) from “neutral” to “underperform.” The target price for RWT is set to $14.50. RWT shares gained 0.54% to close at $16.71 yesterday. More Analyst Ratings here
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Puts Purchased on Chimera Investment Corporation (CIM)
Tuesday, February 22, 2011 - 2:44pm | 127Shares of Chimera Investment Corporation (NYSE: CIM) are lower on the session by 0.70%, currently trading at $4.24. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...
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Wunderlich Securities Raises 2011 Estimates On ANH
Tuesday, February 22, 2011 - 7:36am | 76Wunderlich Securities is raising its 2011 estimate on shares of Anworth Mortgage Asset Corporation (NYSE: ANH). “An increase in book value at year end and an increase in financial leverage were the trends that led to the earnings beat for 4Q10, and we are applying established trend lines to our...
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Pacific Office Properties Appoints Michael Burer as CFO
Thursday, February 17, 2011 - 4:17pm | 51Pacific Office Properties Trust, Inc. (NYSE: PCE) announced today that the Board of Directors has accepted the resignation of Chief Financial Officer, James R. Wolford, and has named Michael C. Burer, previously the Company's Executive Vice President of Operations, as Chief Financial Officer.
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KBW Raises PT on Hatteras Financial to $30 (HTS)
Thursday, February 17, 2011 - 9:29am | 93KBW is out with its report today on Hatteras Financial (NYSE: HTS), raising its PT to $30. In a note to clients, KBW writes, "HTS reported lower than expected operating EPS primarily driven by lower average assets as capital was deployed late in the quarter. Pro forma book value including accretion...
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Hatteras Financial Corp. Announces Fourth Quarter 2010 Financial Results
Tuesday, February 15, 2011 - 4:10pm | 223Hatteras Financial Corp. (NYSE: HTS) today announced financial results for the quarter ended December 31, 2010. During the quarter ended December 31, 2010, the Company earned net income of $45.6 million or $0.99 per common share, compared to net income of $43.2 million or $1.12 per common share...