|Bid||22.68 x 1400|
|Ask||23.38 x 3000|
|Day's range||22.73 - 23.42|
|52-week range||15.11 - 31.76|
|Beta (5Y monthly)||1.40|
|PE ratio (TTM)||3.11|
|Forward dividend & yield||3.52 (15.08%)|
|Ex-dividend date||29 Dec 2022|
|1y target est||N/A|
After being shunned for most of 2022, the mortgage real estate investment trust (REIT) sector regained some popularity as investors sensed the Federal Reserve's tightening cycle is wrapping up, which will remove a major headwind for the sector. The two biggest mortgage REITs, AGNC Investment (NASDAQ: AGNC) and Annaly Capital Management (NYSE: NLY), have mounted quite the rally over the past several months. The idea is that rental income will cover the interest costs on the debt the REIT used to finance the property.
Macroeconomic challenges are weighing on Annaly, making other ultra-high-yield dividend stocks far more appealing.
Thanks to its super alluring yield of more than 15%, Annaly Capital Management (NYSE: NLY) is one of the most popular mortgage real estate investment trusts (mREITs) on the market today. Rising interest rates increased the cost of borrowing, hurting mREITs' earnings and asset values. Assessing a company's growth opportunities and potential risks before buying is an incredibly important part of successful investing.