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Leon Cooperman’s Top Yields Are REITs
Posted by: Sally Jones (IP Logged)
Date: October 14, 2013 05:13PM

The current portfolio of Leon Cooperman's Omega Advisors lists 74 stocks, 10 of them new, a total value at $6.52 billion, and a quarter-over-quarter turnover of 13%. The portfolio is weighted with top three sectors: financial services at 25.8%, energy at 23.2% and communication services at 12.6%. Guru Cooperman has averaged a return of 11.29% over 12 months, according to the GuruFocus Score Board of Gurus.

Here's an update on three of Leon Cooperman’s highest dividend yields, which also happen to be real estate investment trusts or REITs.

AG Mortgage Investment Trust Inc. (MITT) – Yield 18.50%

Down 31% over 12 months, AG Mortgage Investment Trust Inc., a real estate investment trust, has a market cap of $460.5 million; its shares were traded at around $16.23 with a P/E ratio of 10.50.

Reporting financial results for the second quarter of 2013, the company reported that its investment portfolio has been financed with $4.22 billion in repurchase agreements as of June 30,2013. AG Mortgage reported a net loss of $(2.66) per common share and core earnings of $0.83 per share. The company declared an $0.80 per share common dividend.

Guru Action: As of June 30, 2013, Leon Cooperman holds 269,250 shares valued at $5.07 million, and representing 0.078% of the portfolio weight.

He has held MITT for three losing quarters, last buying in the first quarter of 2013. He has averaged a loss of 20% buying 269,250 shares at an average price of $20.31 per share.

Check out the other gurus holding MITT and some insider trading.

Track historical pricing, revenue and net income:



Two Harbors Investment Corp. (TWO) – Yield 15.40%

Down 11% over 12 months, Two Harbors Investment Corp., a residential real estate investment trust, has a market cap of $3.46 billion; its shares were traded at around $9.47 with a P/E ratio of 3.40.

Thomas Siering, president and CEO of Two Harbors Investment Corp., commented on his company’s performance in a quarterly press release: “The second quarter was quite challenging with respect to rising interest rates and other factors within the mortgage market…We are pleased with the portfolio repositioning that we completed in an effort to protect our book value. For the first six months of 2013, we have generated $102 million in comprehensive income, a return on average equity of 5.2%, which we believe is remarkable given conditions in the sector.”

Guru Action: As of June 30, 2013, Leon Cooperman holds 100,000 shares valued at $1.02 million, and representing 0.016% of the portfolio weight. He has held for two losing quarters and has averaged a loss of 1% on 100,000 shares bought at an average price of $9.59 per share.

Track historical pricing, revenue and net income:



Check out the other gurus holding TWO and active insider buying.

Resource Capital Corporation (RSO) - Yield 13.30%

Up 6% over 12 months, Resource Capital Corporation is a commercial real estate specialty finance company that qualifies as a real estate investment trust, or REIT. The company has a market cap of $767 million; its shares were traded at around $6.04 with a P/E ratio of 12.10.

The company reported a GAAP net income the second quarter 2013 at $6.5 million, down from $16.4 million in the second quarter of 2012.

Guru Action: As of June 30, 2013, Leon Cooperman holds 1,000,000 shares valued at $6.15 million, and representing 0.79% of shares outstanding and 0.094% of the portfolio weight.

As of June 30, 2013, Leon Cooperman increased his position by 25%, buying 200,000 shares at an average price of $6.39 per share for a loss of 5.5%. Across a five-year history, he has gained 9% on 1,000,000 shares bought at an average price of $5.53 per share.

Check out the other gurus holding RSO. There is no recent insider activity.

Track historical pricing, revenue and net income:



Guru Leon Cooperman has a net worth of around $2.5 billion. Cooperman’s hedge fund, Omega Advisors has around $8.9 billion in assets under management. As founder and chairman of Omega Advisors, Guru Cooperman is focused on value investing.

Here is the complete portfolio of Leon Cooperman.



Also check out:

1. Leon Cooperman's Undervalued Stocks
2. Leon Cooperman's Top Growth Companies
3. Leon Cooperman's High Yield stocks
4. Stocks that Leon Cooperman keeps buying

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

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Guru Discussed: Leon Cooperman: Current Portfolio, Stock Picks
Stocks Discussed: MITT, TWO, RSO,
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