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U.S. Mortgage REITs Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies40
  • 7D2.7%
  • 3M-1.2%
  • 1Y-1.0%
  • YTD-6.1%

In the last week, the Mortgage REITs industry is up 2.7%, with Annaly Capital Management up 6.1%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

Has the U.S. Mortgage REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Jun 2026US$63.4bUS$14.3bUS$5.3b11.5x12x4.4x
Thu, 14 May 2026US$64.6bUS$14.3bUS$5.3b12.3x12.2x4.5x
Sat, 11 Apr 2026US$64.5bUS$14.1bUS$5.7b8.9x11.3x4.6x
Mon, 09 Mar 2026US$64.9bUS$14.1bUS$5.7b9.3x11.4x4.6x
Wed, 04 Feb 2026US$66.8bUS$13.3bUS$5.5b12.2x12.2x5x
Fri, 02 Jan 2026US$64.0bUS$12.6bUS$4.2b12.4x15.4x5.1x
Sun, 30 Nov 2025US$65.1bUS$12.6bUS$4.2b12.9x15.6x5.2x
Tue, 28 Oct 2025US$62.6bUS$11.9bUS$3.9b12.5x16.2x5.3x
Thu, 25 Sep 2025US$61.8bUS$10.4bUS$2.3b13.6x26.4x5.9x
Sat, 23 Aug 2025US$61.3bUS$10.4bUS$2.3b13.8x26.1x5.9x
Mon, 21 Jul 2025US$58.3bUS$10.5bUS$2.4b11.4x23.9x5.6x
Wed, 18 Jun 2025US$57.4bUS$10.5bUS$2.4b12.3x23.5x5.5x
Fri, 16 May 2025US$57.7bUS$10.5bUS$2.4b12.5x23.6x5.5x
Sun, 13 Apr 2025US$46.9bUS$11.2bUS$3.6b9.7x13.2x4.2x
Tue, 11 Mar 2025US$57.9bUS$11.3bUS$3.6b12.4x16.3x5.1x
Thu, 06 Feb 2025US$55.8bUS$11.1bUS$3.8b11.7x14.7x5x
Sat, 04 Jan 2025US$52.9bUS$10.3bUS$2.5b10.4x21.4x5.1x
Mon, 02 Dec 2024US$56.2bUS$10.3bUS$2.5b10.7x22.8x5.4x
Wed, 30 Oct 2024US$53.2bUS$9.7bUS$2.1b11.2x25.4x5.5x
Fri, 27 Sep 2024US$42.1bUS$8.7bUS$1.8b15.3x22.8x4.8x
Sun, 25 Aug 2024US$41.3bUS$8.7bUS$1.8b15.4x22.4x4.7x
Tue, 23 Jul 2024US$45.5bUS$9.4bUS$2.7b10.4x16.9x4.9x
Thu, 20 Jun 2024US$46.7bUS$9.5bUS$2.9b9.9x15.9x4.9x
Sat, 18 May 2024US$48.1bUS$9.5bUS$2.9b10.2x16.4x5x
Mon, 15 Apr 2024US$43.4bUS$8.8bUS$2.3b12.9x19.1x5x
Wed, 13 Mar 2024US$45.7bUS$8.8bUS$2.3b13.1x20x5.2x
Fri, 09 Feb 2024US$43.5bUS$8.2bUS$2.1b9.7x20.8x5.3x
Sun, 07 Jan 2024US$47.8bUS$8.3bUS$2.4b11.1x19.8x5.8x
Tue, 05 Dec 2023US$47.6bUS$8.3bUS$2.4b10.2x19.7x5.7x
Thu, 02 Nov 2023US$40.0bUS$7.9bUS$2.3b10.3x17.1x5.1x
Sat, 30 Sep 2023US$42.9bUS$8.0bUS$2.2b10.9x19.5x5.4x
Mon, 28 Aug 2023US$44.0bUS$8.0bUS$2.2b11.4x20x5.5x
Wed, 26 Jul 2023US$45.5bUS$7.4bUS$1.3b13.4x34.7x6.1x
Fri, 23 Jun 2023US$37.9bUS$7.3bUS$1.3b12.6x28.6x5.2x
Price to Earnings Ratio

28.6x


Total Market Cap: US$37.9bTotal Earnings: US$1.3bTotal Revenue: US$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Mortgage REITs Industry Price to Earnings3Y Average 19.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Mortgage REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.0x which is lower than its 3-year average PE of 19.4x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Mortgage REITs industry have grown 58% per year over the last three years.
  • Revenues for these companies have grown 25% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Financials industry?

US Market2.20%
Financials3.23%
Mortgage REITs2.66%
Mortgage REITs2.66%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NLY Annaly Capital ManagementUS$22.246.1%
+US$938.0m		15.7%PE8.1x
AGNC AGNC InvestmentUS$10.463.5%
+US$401.8m		12.1%PE9.2x
RITM Rithm CapitalUS$9.191.7%
+US$83.7m		-18.6%PE8.6x
DX Dynex CapitalUS$13.102.9%
+US$79.6m		6.5%PE12.2x
CMTG Claros Mortgage TrustUS$2.6714.1%
+US$46.3m		-12.5%PB0.3x

Latest News

NLY
US$22.24
Annaly Capital Management
7D
6.1%
1Y
15.7%
Seeking Alpha • 3h

Annaly Capital: The 13% Yielder That Keeps Hiking Its Dividends

Summary Agency MBS assets provide a unique investment opportunity with minimal credit risk. Agency mREITs leverage agency MBS with a business model that has low exposure to credit risk but high exposure to interest rate changes. As the interest rate curve normalizes, NLY has benefited, recently raising its dividend. Despite yielding over 13%, we expect more dividend hikes in the coming years. Read the full article on Seeking Alpha
AGNC
US$10.46
AGNC Investment
7D
3.5%
1Y
12.1%
Analysis Article • 10h

AGNC Investment (AGNC) Stock Valuation Check After Intrinsic Discount And Income Track Record

AGNC Investment (AGNC) has drawn fresh attention after recent trading left the stock with a value score of 5 and an intrinsic discount of about 41%, prompting investors to reassess its income focused mortgage REIT profile. See our latest analysis for AGNC Investment. At a share price of US$10.46, AGNC’s recent 1 day share price return of 1.45% and 7 day share price return of 3.46% sit against a year to date share price decline of 4.30%. Its 1 year total shareholder return of 28.99% and 3 year...
ARI
US$10.66
Apollo Commercial Real Estate Finance
7D
-1.6%
1Y
8.9%
ADAM
US$9.28
Adamas Trust
7D
4.2%
1Y
36.9%
TWO
US$12.24
Two Harbors Investment
7D
-1.0%
1Y
12.9%
DX
US$13.10
Dynex Capital
7D
2.9%
1Y
6.5%
SEVN
US$8.22
Seven Hills Realty Trust
7D
-3.5%
1Y
-30.0%
RITM
US$9.19
Rithm Capital
7D
1.7%
1Y
-18.6%
Seeking Alpha • Jun 10

Rithm Capital: Buy The 11% Yield That The Rate Cycle Cannot Easily Break

Summary Rithm Capital is a diversified origination, servicing, and asset management company, not a traditional agency-focused mortgage REIT. RITM’s income is driven by fee and servicing businesses, with a large MSR portfolio naturally hedging book value against rising rates. The Buy rating is based on a reliable ~11% yield, covered roughly twice by distributable earnings, with discount closure optionality but no near-term catalyst. Key risks include credit deterioration in lending and housing exposures, but current delinquencies remain low, and sentiment-driven corrections are not yet systemic. Read the full article on Seeking Alpha
ORC
US$6.60
Orchid Island Capital
7D
2.3%
1Y
-6.3%
ABR
US$5.16
Arbor Realty Trust
7D
-2.5%
1Y
-50.3%
ACR
US$16.39
ACRES Commercial Realty
7D
-11.2%
1Y
-7.8%
Narrative Update • Jun 08

ACR: Share Repurchases And Solid Margins Will Support Future Upside

Analysts have maintained their $24.50 price target for ACRES Commercial Realty, citing a revised outlook that now incorporates a decline in projected revenue growth, a slightly higher future P/E of 4.40, and a steady profit margin of 48.22%. What's in the News On April 27, 2026, the Audit Committee decided to dismiss Ernst & Young LLP as ACRES Commercial Realty's independent registered public accounting firm, with the change taking effect after filing the Form 10-Q for the quarter ended March 31, 2026.
NREF
US$14.88
NexPoint Real Estate Finance
7D
-4.9%
1Y
10.6%
STWD
US$16.82
Starwood Property Trust
7D
-0.1%
1Y
-16.2%
Narrative Update • Jun 06

STWD: Diversified Platform And Buybacks Will Counter Credit And Funding Concerns

The consensus analyst price target for Starwood Property Trust has edged slightly lower by about $0.05, as analysts factor in recent Street research that balances modest target trims around $19.50 with views that the company’s balance sheet, platform strength, and diversified business model support a premium valuation within the commercial mortgage REIT sector. Analyst Commentary Recent research on Starwood Property Trust reflects a mix of optimism around the platform and balance sheet, alongside some caution visible in modest target trims.
CMTG
US$2.67
Claros Mortgage Trust
7D
14.1%
1Y
-12.5%
Narrative Update • Jun 05

CMTG: Future Returns Will Reflect Revised US$225 Outlook And Execution Risks

Analysts have lifted their price target on Claros Mortgage Trust to $225 from $2.50, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News No recent news items or key developments for Claros Mortgage Trust are available from the provided sources.
ARR
US$17.04
ARMOUR Residential REIT
7D
2.0%
1Y
3.4%
FBRT
US$8.23
Franklin BSP Realty Trust
7D
-1.8%
1Y
-23.7%
Narrative Update • Jun 02

FBRT: Higher Discount Rate Assumptions Will Support Future Book Value Sustainability

Analysts have trimmed their 12 month price target on Franklin BSP Realty Trust by $1 to reflect updated discount rate assumptions, while keeping fair value and key profitability inputs broadly in line with prior estimates. What's in the News No recent company specific news items or key developments were provided in the available sources for Franklin BSP Realty Trust.