NLY increased its portfolio from $73 billion in 2023 to $107 billion in 2026, enabling a dividend rise from $0.65 to $0.75 per quarter and shifting its stock valuation from a discount to a premium. Meanwhile, TPVG's balance sheet shrank due to defaults and paused originations, causing a 40% discount to NAV. However, TPVG's use of warrants and equity kickers to offset debt losses helped fund a supplemental dividend and retain shares for future gains. These moves highlight contrasting risk strategies in high-yield investments, with NLY focusing on agency MBS and TPVG on venture investments.
Annaly Capital Management's preferred share NLY-J provides a low-risk profile with an 8.63% fixed stripped yield and call protection until September 2030. However, its current trading price of $25.72 is above the recommended buy-under target of $23.8...
The iShares Mortgage Real Estate ETF (REM) was upgraded to Hold due to better fundamentals in its top holdings like NLY, AGNC, and STWD, which now show reduced leverage, improved net interest margins, and more diversified portfolios. REM offers a sus...
