Annaly Capital's Book Value Indicates Stronger Fundamentals Than Its Dividend Yield
Annaly Capital (NLY) has a high dividend yield of around 13%, but its book value per share, at $19.82 as of Q1, is below the current stock price of over $21.50, indicating investor confidence in its portfolio and operations despite leverage-driven growth.
Tickers: $NLY
Topics: book value mortgage-backed securities real estate investment trusts