Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Company Ratings and Analyst Insights - PennyMac Mortgage Investment Trust (NYSE:PMT) has a dividend yield of 13.50%. Analyst Bose George from Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform, reducing the price target from $14.5 to $13.5 [7] - KKR Real Estate Finance Trust Inc (NYSE:KREF) has a dividend yield of 11.64%. JP Morgan analyst Richard Shane maintained an Overweight rating but decreased the price target from $11.5 to $9.5 [7] - Western Union Co (NYSE:WU) has a dividend yield of 11.55%. Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintained a Market Perform rating and cut the price target from $10 to $9 [7] Group 2: Recent Company News - PennyMac Mortgage Investment Trust announced that Kevin Ryan will join as senior managing director and chief strategy officer [7] - KKR Real Estate Finance Trust is set to release its financial results for the third quarter on October 21 [7] - Western Union will announce its third quarter results on October 23 [7]

Group 1 - The focus is on income-producing asset classes such as REITs, ETFs, Preferreds, and 'Dividend Champions' that target premium dividend yields up to 10% [1] - iREIT®+HOYA Capital is highlighted as a premier income-focused investing service, emphasizing sustainable portfolio income, diversification, and inflation hedging [2] - The article mentions a review of AG Mortgage Investment Trust, Inc. (NYSE: MITT) and previously assigned a Hold rating [3]

Group 1 - The focus is on income-producing asset classes such as REITs, ETFs, Preferreds, and 'Dividend Champions' that target premium dividend yields up to 10% [1] - iREIT®+HOYA Capital is highlighted as a premier income-focused investing service that emphasizes sustainable portfolio income, diversification, and inflation hedging [2] - The service offers a Free Two-Week Trial to explore top ideas across exclusive income-focused portfolios [2] Group 2 - The Retired Investor has a background in data analysis and pension fund management, focusing on helping others prepare for retirement through investments in CEFs, ETFs, BDCs, and REITs [3] - The investment strategy includes long-only positions and trading options with an emphasis on cash-secured puts [3]

Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, indicating a long-standing interest in markets and the economy [1] - The author has recently adopted a strategy that combines long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term investment approach [1] - The author primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and other stocks influenced by macro trade ideas [1]

Core Viewpoint - Invesco Mortgage Capital (IVR) is currently identified as a strong value stock, supported by its favorable valuation metrics and earnings outlook [3][7]. Valuation Metrics - IVR holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [3]. - The stock has a P/E ratio of 3.79, significantly lower than the industry average of 8.35, with a 52-week range of 2.63 to 4.12 [3]. - IVR's P/B ratio is 0.92, compared to the industry average of 1.02, with a 12-month range of 0.70 to 0.99 [4]. - The P/S ratio for IVR is 1.71, which is lower than the industry average of 2.2 [5]. - The P/CF ratio stands at 16.03, below the industry average of 18.17, with a 52-week range of -8.89 to 17.16 [6]. Investment Outlook - The combination of IVR's attractive valuation metrics and strong earnings outlook suggests that the stock is currently undervalued, making it an impressive value stock opportunity [7].

Core Viewpoint - Granite Point Mortgage Trust Inc. has announced its third quarter 2025 common and preferred stock dividends along with a business update, indicating ongoing financial performance and strategic direction [1] Summary by Relevant Categories Dividends - The company declared dividends for both common and preferred stock for the third quarter of 2025, reflecting its commitment to returning value to shareholders [1] Business Update - The announcement includes a business update that may provide insights into the company's operational performance and strategic initiatives, although specific details were not disclosed in the summary [1]

Core Viewpoint - Cherry Hill Mortgage Investment Corporation has declared a dividend of $0.10 per share for the third quarter of 2025, payable on October 31, 2025, to shareholders of record as of September 30, 2025 [1] Company Summary - The Board of Directors of Cherry Hill Mortgage Investment Corporation has announced a cash dividend of $0.10 per share on its common stock for Q3 2025 [1] - In addition to the aforementioned dividend, the company has also declared a dividend of $0.5125 per share [1]

Core Viewpoint - AGNC Investment Corp. has announced a public offering of 12 million depositary shares, aiming to raise $300 million for various investments and corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 12,000,000 depositary shares priced at $25.00 each, representing a 1/1,000th interest in the Company's 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock [1]. - The underwriters have a 30-day option to purchase an additional 1,800,000 depositary shares to cover overallotments [1]. - The offering is expected to close around September 10, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to finance the acquisition of Agency and non-Agency securities, real estate-related assets, hedging instruments, and for general corporate purposes [2]. Group 3: Management and Registration - The offering is managed by a consortium of financial institutions including Morgan Stanley, Goldman Sachs, and J.P. Morgan, among others [3]. - The offering is made under AGNC's existing effective shelf registration statement filed with the SEC [4]. Group 4: Company Background - AGNC Investment Corp. is a leading investor in Agency residential mortgage-backed securities, leveraging financing primarily through repurchase agreements [6]. - The company has a history of providing substantial monthly dividend income, with over $14 billion in common stock dividends paid since its inception [7].

Financial Data and Key Metrics Changes - For Q2 2025, the company reported a GAAP net loss applicable to common stockholders of $900,000 or $0.03 per diluted share, with a comprehensive loss of $600,000 or $0.02 per diluted share [17][19] - The book value per common share decreased to $3.34 from $3.58 as of March 31, 2025, reflecting a decline in NAV of approximately $6.2 million or 2.7% [7][19] - Earnings available for distribution (EAD) attributable to common stockholders were $3.2 million or $0.10 per share, impacted by the maturity of a significant hedge [17][19] Business Line Data and Key Metrics Changes - The mortgage servicing rights (MSR) portfolio had an unpaid principal balance (UPB) of $16.6 billion and a market value of approximately $225 million, representing about 43% of equity capital [12] - The residential mortgage-backed securities (RMBS) portfolio accounted for approximately 36% of equity capital, with a prepayment speed of 6.1 CPR [12][14] - The RMBS net interest spread was reported at 2.61%, lower than the previous quarter due to the impact of a maturing swap position [14] Market Data and Key Metrics Changes - The ten-year treasury yield ended the quarter at 4.23%, slightly higher than the previous quarter, with the Agency MBS sector experiencing negative performance due to mortgage basis underperforming [6] - The economic environment showed resilience with low inflation, and the company is closely monitoring the Fed's potential shift towards a rate cut cycle [6][9] Company Strategy and Development Direction - The company entered a strategic partnership with RealGenius LLC, a digital mortgage technology firm, to enhance its investment strategy and explore unique growth opportunities [7][9] - The management indicated a potential shift towards a more risk-on investment strategy as the economic environment stabilizes, while maintaining strong liquidity and prudent leverage [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the economic recovery and the potential for rate cuts by the Fed, which could positively impact refinancing incentives and portfolio performance [9][13] - The company plans to proactively manage its portfolio and adjust its capital structure to enhance shareholder value through improved performance and earnings [15] Other Important Information - The company raised approximately $9 million of capital through its common ATM program and ended the quarter with $58 million of unrestricted cash [7] - Operating expenses for the quarter were reported at $3.4 million, and dividends were declared for both common and preferred stockholders [20] Q&A Session Summary Question: What caused the lower servicing costs this quarter? - Management noted that lower servicing costs were due to deboarding fees from a prior quarter related to the Mr. Cooper acquisition, and a decrease in loan count [24] Question: What is the expectation for leverage moving forward? - Management expects leverage to gradually increase as the year progresses, influenced by economic conditions and potential Fed actions [26][28] Question: Can you provide details on the partnership with RealGenius and its projections? - The partnership is expected to be profitable within the first six to seven months, with dividends anticipated within the first year [33] Question: Are there any updates on the current book value? - The book value per share as of July 31 is expected to remain flat compared to June 30, prior to any third-quarter dividend accrual [39]

Financial Performance - The company's book value per common share was $3.34, representing a 6.7% decrease net of the quarterly dividend[7] - A dividend of $0.15 per share was declared and paid[7] - The company experienced a 2.5% total quarterly economic loss[7] - GAAP net loss of $0.03 per share was reported[7] - Earnings Available for Distribution (EAD) was $0.10 per share[7] Portfolio Metrics - The aggregate portfolio leverage ratio was 5.3x[7] - The weighted average CPR for RMBS was 6.1%[7] - The net interest spread for RMBS was 2.6%[7] - The net CPR for MSRs was 6.0%[7] MSR Portfolio - Investments in MSRs totaled $224.6 million related to approximately $16.6 billion in UPB of underlying Fannie Mae and Freddie Mac loans as of June 30, 2025[22]