If there is one sector that has been out of favor for the past few years, it has been the mortgage real estate investment trusts (REIT). AGNC Investment (NASDAQ: AGNC) and Annaly Capital (NYSE: NLY) are two leading mortgage REITs with double-digit dividend yields that are worth considering. Mortgage REITs are different from the typical REIT that invests in properties and collects rent.
Real estate investment trusts (REITs) have gotten rocked this year, tumbling more than 20% on average. The slump in the REIT sector has been indiscriminate, with investors selling first and asking questions later. Because of that, some beaten-down REITs are starting to look like even more compelling investment opportunties.
These passive-income powerhouses, with yields ranging from 7% to 11.4%, are begging to be bought by opportunistic investors.