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Resource Capital has the Highest Projected Earnings Growth in the Mortgage REITs Industry (RSO, NYMT, RWT, CXS, CYS)
Mar 02, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Mortgage REITs industry with the highest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.Resource Capital ranks highest with a projected earnings growth of 81.3%. Following is New York Mortgage Trust with a projected earnings growth of 65.5%. Redwood Trust ranks third highest with a projected earnings growth of 34.9%.
CreXus Investment follows with a projected earnings growth of 17.6%, and Cypress Sharpridge Investments rounds out the top five with a projected earnings growth of 16.4%.
SmarTrend recommended that subscribers consider buying shares of CreXus Investment on September 14th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $10.68. Since that recommendation, shares of CreXus Investment have risen 24.9%. We continue to monitor CreXus Investment for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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