Posted yesterday when REITs went down crazily. Mortgage REITs are dropped like a hell today - Something not good for Real Estate side
I bought some NLY & IVR and trying to DCA if it drops further. Unfortunately, most of the REITs went up.
I saw NLY bottom was $3.51 but closed at 5.32 yesterday, today close 5.25. Same way, IVR went down 2.75, but closed yesterday 5.44, today close at 5.30.
I am also watching to buy NRZ, AGNC and STOR (warren buffet holding), simple one is “O” Realty Income Corporation .
These are mortgage REITs. Risk is when they do not get profit, dividends will be cut, expecting near term dividend cuts. They are risky when foreclosure starts after recession.