The Outlook Is Improving for This Ultra-High-Yield Dividend Stock. Time to Buy?
Rising interest rates have hammered the real estate market. While Annaly Capital Management (NYSE: NLY) hasn't been immune to the industry's issues, the mortgage real estate investment trust (REIT) has fared a bit better than feared. Meanwhile, with the current interest-rate hiking cycle likely nearing an end, it sees better days ahead.