Annaly Capital: Fight The Fed With A Fat 17.3% Yield

Pacifica Yield
12.61K Followers

Summary

  • Annaly Capital Management reported fiscal 2023 third quarter book value per share of $18.25, a 12% decline from the second quarter.
  • The commons are now trading hands at a 17% discount, but with earnings available for distribution that dipped 6 cents from the second quarter.
  • A 98.5% payout ratio implies a possible near-term dividend cut as the macroeconomic environment entered an even more marked period of volatility in the fourth quarter.

Suburban Houston Development

Art Wager

Annaly Capital Overview

Real estate investment trusts, or REITs, have been fighting the Fed for the last two years. Investors across all tranches in the space, from equity to mortgage, office to multifamily, and investment grade rated to junk rated, all are now nursing

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The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.

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