SOURCE: The Bedford Report

The Bedford Report

July 05, 2011 08:16 ET

Strong Dividends From Cypress Sharpridge and MFA Financial Likely to Continue

The Bedford Report Provides Equity Research on Cypress Sharpridge & MFA Financial

NEW YORK, NY--(Marketwire - Jul 5, 2011) - Real Estate Investment Trusts (REITs) have garnered significant attention this month as favorable interest rate spreads allowed several companies in the sector to hike their quarterly dividends. The Bedford Report examines the outlook for diversified REITs and provides equity research on Cypress Sharpridge Investments (NYSE: CYS) and MFA Financial Inc. (NYSE: MFA). Access to the full company reports can be found at:

Agency Mortgage REITs have portfolios made up principally of mortgages insured by the federal agencies Fannie Mae, Freddie Mac and Ginnie Mae. They typically borrow at low rates and lend in the mortgage markets at higher rates, usually by buying mortgage-backed securities. By purchasing bonds guaranteed by the government, analysts argue these companies take on no risk of default, with the principle concern being an interest rate risk. On the upside, recent remarks from Federal Reserve Chairman Ben Bernanke have led most analysts to conclude interest rates will remain low for the foreseeable future.

The Bedford Report releases stock research on REITs so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

MFA is a real estate investment trust primarily engaged in the business of investment, on a leveraged basis, in Agency and Non-Agency residential mortgage-backed securities. Last week the company declared its quarterly dividend of 25 cents per share, an increase of about 6 percent over its prior dividend. Based on the current stock price, this works out to a yield of approximately 12.4 percent.

Cypress Sharpridge Investments is a specialty finance company that invests on a leveraged basis in residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae. Last month the company declared a quarterly dividend of $0.60 per share of common stock for the second quarter of 2011, for a hefty yield of approximately 18.6 percent.

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