Annaly Capital Management: This 16.6% Yielding Trust Is A Bargain (Upgrade)

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Summary

  • Stock price weakness in Annaly Capital Management presents an attractive entry point into the largest mortgage real estate investment trust.
  • Despite weak Q3 results, the 11% discount to book value offers a reasonable margin of safety.
  • The expectation of lower interest rates in 2024 and improving economics could make the stock a compelling investment.

Close up hand of man signing signature loan document to home ownership. Mortgage and real estate property investment

marchmeena29

Stock price weakness with regards to Annaly Capital Management, Inc. (NYSE:NLY) is creating a potentially attractive entry point into the largest publicly-traded mortgage real estate investment trust.

The trust reported results for 3Q-23 that were widely seen as weak: Annaly

This article was written by

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A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NLY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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