NLY - Chimera Investment: I Am Still Buying This 11% Yielding Mortgage Trust
2024-05-27 09:07:56 ET
Summary
- Mortgage REITs are becoming more attractive as the central bank plans to lower interest rates and reduce financing costs.
- Chimera Investment Corporation is selling at a significant discount to book value and offers an 11% stock yield.
- The company's dividend was covered by earnings in the first quarter and could see potential re-rating once rate cuts are implemented.
Mortgage real estate investment trusts are primed to become more attractive investments for passive income investors as the central bank is poised to lower short-term interest rates and provide the highly leveraged sector with relief in terms of lower financing costs....
Chimera Investment: I Am Still Buying This 11% Yielding Mortgage Trust