Why These High-Yield Mortgage REITs Soared in June
Shares of mortgage real estate investment trusts (REITs), including Two Harbors Investment Corporation (NYSE: TWO), Chimera Investment Corporation (NYSE: CIM), and MFA Financial (NYSE: MFA), rose by double-digit percentages in June, according to data provided by S&P Global Market Intelligence.
Although they all handily beat the S&P 500's 1.8% increase, Two Harbors' and Chimera's gains of 11.5% and 15.6%, respectively, were dwarfed by MFA's massive move, up 47.3% for the month. Despite their June performance, though, shares of all three REITs are down between 55% and 70% for the year. Here's why.
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Source Fool.com
