This afternoon's deep dive on Dow plunged several mREITs into in a pool of double-digit percentage losses. These five mREITs also all notched 52-week lows. These shares have been steadily on the decline, so you know the shorts are going after them hard:
- Chimera Investment (CIM), down 16% to $5.95
- CBRE Realty Finance (CBF), off 22% to $2.17
- Newcastle Investment (NCT), off 16% to $4.54
- Resource Capital (RSO), off 10% to $1.66
- Gramercy Capital (GKK), off 10% to $8.50
The forward annual yields on these fateful five stocks, based on today's closing prices, are as follows:
- Chimera Investment, 10.7%
- CBRE Realty Finance, 18.4%
- Newcastle Investment, 22.0%
- Resource Capital, 29.0%
- Gramercy Capital, 29.6%
Says quite a lot, doesn't it?

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