NLY - Invesco Mortgage Capital: Buy This 18% Yielding REIT While It's Still On Sale
2024-04-26 12:56:30 ET
Summary
- The real estate market expected to rebound from 2023 levels due to stable and potentially lower interest rates.
- Many REITs have announced dividend increases in Q1, indicating a rebound in the sector.
- Invesco Mortgage Capital offers a high yield of 18+% and may be a good value investment before the market rebounds.
According to Fidelity back in December 2023, the outlook for real estate in 2024 is likely to rebound from 2023 levels due to more stable and potentially lower interest rates. The real estate market in 2024 should be calmer if nothing else. One stock that I believe offers good value before the market rebounds is the REIT from Invesco Mortgage Capital ( IVR ) offering income investors an 18+% yield.
While the real estate market started to show signs of recovery in the first quarter of 2024, recent economic news has stymied those green shoots of growth that were sprouting on hopes of reduced interest rates. Last month, after President Biden announced a plan to lower housing costs , many REITs and other real estate stocks drifted higher, but now in April, those stocks in the real estate sector have dropped again. The sector as represented by XLRE is down about -9% YTD....
Invesco Mortgage Capital: Buy This 18% Yielding REIT While It's Still On Sale