NEW YORK, March 16, 2017 /PRNewswire/ --
This morning, Stock-Callers.com revisits the Mortgage Investment industry, which is focused primarily on investing in mortgaged-backed securities and other real estate activities. Many companies within this space are organized as real estate investment trusts, which results in a high average dividend yield for the sector. Equities under review are Ally Financial Inc. (NYSE: ALLY), Ocwen Financial Corp. (NYSE: OCN), Santander Consumer USA Holdings Inc. (NYSE: SC), and Essent Group Ltd (NYSE: ESNT). You can access our complimentary research reports on these stocks now at:
Shares in Detroit, Michigan headquartered Ally Financial Inc. saw a slight decline of 0.05%, ending Wednesday's trading session at $21.68. The stock recorded a trading volume of 4.18 million shares. The Company's shares have gained 8.18% over the last three months and 13.99% on an YTD basis. The stock is trading 1.48% and 12.39% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Ally Financial, which provides a range of financial products and services for consumers, businesses, automotive dealers, and corporate clients in the US, have a Relative Strength Index (RSI) of 43.11.
On February 28th, 2017, research firm Sandler O'Neill downgraded the Company's stock rating from 'Buy' to 'Hold'.
On March 07th, 2017, Ally Home Loans, the direct-to-consumer mortgage arm of Ally Bank, announced that it has broadened its product suite with the addition of the HomeReady® mortgage loan, a Fannie Mae product designed to serve creditworthy, low- to moderate-income borrowers. Visit us today and download your complete report on ALLY for free at:
West Palm Beach, Florida headquartered Ocwen Financial Corp.'s stock climbed 1.46%, closing the day at $4.85 with a total trading volume of 2.39 million shares. The Company's shares are trading 26.93% above their 200-day moving average. Shares of the Company, which engages in the servicing and origination of mortgage loans in the US, have an RSI of 50.74.
On February 22nd, 2017, Ocwen Financial reported a net loss of $(10.4) million, or $(0.08) per share, for the three months ended December 31st, 2016, compared to a net loss of $(224.3) million, or $(1.79) per share, for the three months ended December 31st, 2015. Ocwen generated revenue of $323.9 million for Q4 2016, down 10.6% on a y-o-y basis, primarily driven by the impact of portfolio run-off. The Company's cash flows from operating activities were $124.2 million for Q4 2016 compared to $(192.4) million during Q4 2015. The complimentary research report on OCN can be accessed at:
Santander Consumer USA
On Wednesday, shares in Dallas, Texas headquartered Santander Consumer USA Holdings Inc. recorded a trading volume of 625,516 shares. The stock ended the day 0.35% higher at $14.32. The Company's shares have advanced 0.63% in the past month, 0.63% in the previous three months, and 6.07% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.50% and 13.44%, respectively. Furthermore, shares of Santander Consumer USA Holdings, which provides vehicle finance and third-party servicing in the US, have an RSI of 52.00.
On January 25th, 2017, Santander Consumer announced net income for Q4 2016 of $61 million, or $0.17 per diluted common share. The Companies full year 2016 net income was $766 million, or $2.13 per diluted common share. Santander's Finance receivables, loans and leases, net, increased 4%, to $34.2 billion at December 31st, 2016, from $32.7 billion at December 31st, 2015, driven by an increase in lease assets. Register for free on Stock-Callers.com and download the PDF research report on SC at:
Hamilton, Bermuda-based Essent Group Ltd's stock dropped 0.19%, finishing yesterday's session at $36.24 with a total trading volume of 469,637 shares. The Company's shares have advanced 7.89% in the previous three months and 11.96% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.20% and 27.56%, respectively. Additionally, shares of Essent Group, which through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the US, have an RSI of 63.93.
On March 06th, 2017, Essent Group announced that HousingWire Magazine has named its popular homebuyer education tool, EssentIQ™, to its list of 2017 TECH100™ award winners. EssentIQ's data-driven design creates customer-specific scenarios in seconds to show the opportunity cost of waiting to save 20% down versus buying now, calculate the long-term savings of not paying rent and project how quickly homeownership can build equity and wealth accumulation. Get free access to your research report on ESNT at:
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