NEW YORK, NY / ACCESSWIRE / January 23, 2017 / High yielding mortgage REITs have outperformed the broader markets so far in 2017. The iShares Mortgage Real Estate Capped ETF has gained approximately 2.35 percent year-to-date, compared to a gains of 1.45 percent for the S&P 500 and 0.33 percent for the Dow Jones Industrial Average. But one of the major concerns for the industry is the possibilities of multiple rate hikes in 2017.

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The Federal Reserve raised short-term interest rates in December for just the second time since interest rates were slashed after the financial crisis. Janet Yellen recently commented that she expects the Federal Reserve to raise rates "a few times a year" through 2019.

"We expect - along with a very large caveat - that our interest rate expectations will change as our outlook for the economy changes," she said. "[We are] expecting to increase our federal funds rate target a few times a year until, by the end of 2019, it is close to our estimate of its longer-run neutral rate of 3%."

Chimera Investment Corp. (NYSE: CIM)

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Chimera Investment's shares increased 0.34 percent to close at $17.50 a share Friday. The stock traded between $17.41 and $17.51 on volume of 490,087 shares traded. The company currently offers investors an annualized dividend of $2.00 for a yield of roughly 11.43 percent. On November 1st, the company reported third quarter GAAP earning of $0.92 a share and core earnings of $0.68 a share. The Board of Directors of Chimera announced the declaration of its fourth quarter cash dividend of $0.50 per common share. The dividend is payable January 27, 2017, to common stockholders of record on December 30, 2016. Shares of Chimera have gained approximately 2.8 percent year-to-date and are up roughly 46.3 percent in the past year.

"We are seeing the full impact of the three loan securitizations Chimera sponsored in the second quarter of 2016. We expect the securities Chimera created and retained from the loan securitizations to contribute to stable and steady earnings for several years," said Matthew Lambiase, Chimera's CEO and President. "We continue to seek similar opportunities in residential mortgage credit investments that will be accretive to Chimera's earnings."

Two Harbors Investment Corp. (NYSE: TWO)

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Two Harbors Investment's shares declined 0.23 percent to close at $8.76 a share Friday. The stock traded between $8.74 and $8.80 on volume of 810,263 shares traded. The company currently offers investors an annualized dividend of $0.96 for a yield of roughly 10.96 percent. Two Harbors is scheduled to release results for the fourth quarter of 2016 after the market close on February 6, 2017. The company will host a conference call to review the financial results on February 7, 2017, at 9:00 a.m. EST. Shares of Two Harbors Investment have gained approximately 0.46 percent year-to-date and are up roughly 17 percent in the past year.

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