Two Harbors Investment, New York Mortgage Trust, Hersha Hospitality Trust, RLJ Lodging Trust, and Capstead Mortgage Early Briefing and Review
LONDON, April 10, 2013 /PRNewswire/ --
The housing market is continuing to see a strong recovery in 2013. The improvement in the housing market is being driven by record low mortgage rates, and huge pent up demand. The recovery is benefiting residential REITs such as Two Harbors Investment Corp. (NYSE: TWO), and New York Mortgage Trust Inc. (NASDAQ: NYMT). Meanwhile, economic activity in the U.S. has been picking up pace since the start of this year. This augurs well for REITs such as Hersha Hospitality Trust (NYSE: HT), and RLJ Lodging Trust (NYSE: RLJ), which focus on hotels and motels. For Capstead Mortgage Corp. (NYSE: CMO), which focuses on mortgages, record low mortgage rates pose a significant challenge. REITs ended mostly lower on Tuesday even as the broad market edged higher on the back of some robust economic data from China. StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at
http://www.stockcall.com/report
Shares of Two Harbors Investment Corp. fell sharply in Tuesday's trading session. The REIT touched an intra-day low of $11.90 before finishing the day 1.40% lower at $11.95 on volume of 6.20 million. Despite the losses yesterday, shares of TWO have gained nearly 18.80% so far in 2013. The REIT currently has a dividend yield of 10.71%. Technical indicators for Two Harbors Investment, however, suggest that market sentiment has turned bearish. Sign up for the free report on TWO at
http://www.StockCall.com/TWO041013.pdf
Shares of New York Mortgage Trust Inc. also struggled yesterday. The stock fell to an intra-day low of $7.26 before finishing the day 1.49% lower at $7.27 on volume of 551,287. Despite Tuesday's pullback, New York Mortgage's shares are currently trading close to their 52-week high of $7.69. The REIT has had an excellent run so far this year, gaining more than 19%. The Residential REIT currently has a dividend yield of 14.86%, which is among the highest in the REIT sector. NYMT free technical report can be accessed by signing up at
http://www.StockCall.com/NYMT041013.pdf
Another major loser in the REIT sector on Tuesday was Hersha Hospitality Trust. Shares of the REIT fell 2.18% to finish the day at $5.82 on volume of 612,372. Shares of HT are currently trading 6.71% below their 52-week high. The REIT, which currently has a dividend yield of 4.12%, has outperformed the broad market this year, gaining more than 17.50%. In the last two weeks, the company's shares have traded sideways, which suggests that market sentiment is bearish on the stock. A free report on HT can be accessed by registering at
http://www.StockCall.com/HT041013.pdf
Shares of RLJ Lodging Trust ended marginally lower yesterday. The stock fell to an intra-day low of $22.50 before finishing the day 0.22% lower at $22.70 on volume of 495,555. RLJ Lodging Trust's shares are currently trading close to their 52-week high of $22.96. Year-to-date, the REIT has gained more than 18.20%. The company currently has a dividend yield of 3.61%. Register with StockCall and download the research on RLJ for free at
http://www.StockCall.com/RLJ041013.pdf
Capstead Mortgage Corporation's shares have rallied thus far in 2013, gaining more than 16% in the year. The REIT has seen a series of highs in the last one month. The stock's 50-day moving average has just crossed above the 200-day moving average, forming a "golden cross". On Tuesday, however, Capstead Mortgage's shares struggled, ending the day 0.69% lower. Read the full free research on CMO by signing up to StockCall at
http://www.StockCall.com/CMO041013.pdf
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