GPMT - Annaly Capital's BV Valuation And Dividend Versus 20 mREIT Peers - Part 1 (Post Q2 2019 Earnings)
Focus of Article:
The focus of PART 1 of this article is to analyze Annaly Capital Management Inc.’s (NLY) recent results and compare several of the company’s metrics to twenty mortgage real estate investment trust (mREIT) peers. This analysis will show past and current data with supporting documentation within three tables. Table 1 will compare NLY’s MBS/investment composition, recent leverage, hedging coverage ratio, BV, and economic return (loss) to the twenty mREIT peers. Table 1 will also provide a premium (discount) to BV analysis using stock prices as of 8/23/2019. Table 2 will