TMCnet News
Lowest Forward P/E Ratio in the Mortgage REITs Industry Detected in Shares of Armour Residential REIT (ARR, NYMT, CIM, RSO, IVR)Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Mortgage REITs industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Armour Residential REIT ranks lowest with a a forward P/E ratio of 6.34. Following is New York Mortgage Trust with a a forward P/E ratio of 6.47. Chimera Investment ranks third lowest with a a forward P/E ratio of 6.50. Resource Capital follows with a a forward P/E ratio of 7.50, and Invesco Mortgage Capital rounds out the bottom five with a a forward P/E ratio of 7.62. SmarTrend is monitoring the recent change of momentum in Invesco Mortgage Capital. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Invesco Mortgage Capital in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |