Previous close | 6.32 |
Open | 6.32 |
Bid | 6.43 x 900 |
Ask | 6.44 x 39400 |
Day's range | 6.31 - 6.46 |
52-week range | 6.18 - 9.64 |
Volume | |
Avg. volume | 28,645,791 |
Market cap | 9.409B |
Beta (5Y monthly) | 1.18 |
PE ratio (TTM) | 3.64 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.88 (13.92%) |
Ex-dividend date | 30 Mar 2022 |
1y target est | N/A |
As inflation drives up the price of everything, real estate prices go up too, and real estate companies benefit. The three real estate stocks we'll go over in this article look undervalued right now, and two of them, as Real Estate Investment Trusts (REITs), also pay strong dividends. Let's discuss how undervalued Annaly Capital Management (NYSE: NLY), Vornado Realty Trust (NYSE: VNO), and CBRE Group (NYSE: CBRE) are and why.
The Federal Reserve has been buying mortgage-backed securities since the early days of the COVID-19 pandemic, which has helped bolster book value for these companies. The Federal Reserve has signaled that it is about to start reducing the size of its balance sheet, and it will lean toward selling mortgage-backed securities in order to accomplish that. Annaly Capital is one of the big buyers of agency (in other words, government-guaranteed) mortgage-backed securities, which are similar to the Fed's holdings.
Lower prepayments and a rise in average net interest spread aid AGNC Investment's (AGNC) Q1 results. A decline in book value plays spoilsport.