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U.S. Mortgage REITs Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies41
  • 7D0.6%
  • 3M9.8%
  • 1Y4.4%
  • YTD5.1%

In the last week, Mortgage REITs has been flat. As for the the longer term, the industry is up 6.6% over the past 12 months. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026US$71.7bUS$14.1bUS$5.6b13x12.7x5.1x
Sun, 28 Dec 2025US$65.5bUS$12.6bUS$4.2b12.9x15.7x5.2x
Tue, 25 Nov 2025US$62.9bUS$12.6bUS$4.2b12.4x15.1x5x
Thu, 23 Oct 2025US$61.4bUS$11.0bUS$2.9b13x21.1x5.6x
Sat, 20 Sep 2025US$63.4bUS$10.4bUS$2.3b13.9x27x6.1x
Mon, 18 Aug 2025US$61.8bUS$10.4bUS$2.3b13.6x26.3x5.9x
Wed, 16 Jul 2025US$58.7bUS$10.5bUS$2.4b11.6x24.1x5.6x
Fri, 13 Jun 2025US$58.0bUS$10.5bUS$2.4b13.1x23.8x5.6x
Sun, 11 May 2025US$56.3bUS$10.4bUS$2.5b10.8x22.9x5.4x
Tue, 08 Apr 2025US$50.5bUS$11.2bUS$3.6b10.7x14.1x4.5x
Thu, 06 Mar 2025US$56.1bUS$11.2bUS$3.5b12.3x15.8x5x
Sat, 01 Feb 2025US$55.4bUS$11.1bUS$3.8b11x14.7x5x
Mon, 30 Dec 2024US$53.3bUS$10.3bUS$2.5b10.3x21.6x5.2x
Wed, 27 Nov 2024US$55.8bUS$10.3bUS$2.5b10.6x22.6x5.4x
Fri, 25 Oct 2024US$52.8bUS$10.3bUS$2.7b11.2x19.7x5.1x
Sun, 22 Sep 2024US$43.0bUS$8.7bUS$1.8b15.4x23.4x4.9x
Tue, 20 Aug 2024US$40.9bUS$8.7bUS$1.8b15.2x22.2x4.7x
Thu, 18 Jul 2024US$45.9bUS$9.4bUS$2.7b10.2x17x4.9x
Sat, 15 Jun 2024US$46.7bUS$9.5bUS$2.9b10.2x15.9x4.9x
Mon, 13 May 2024US$47.1bUS$9.5bUS$2.9b10.2x16.1x5x
Wed, 10 Apr 2024US$45.2bUS$8.8bUS$2.3b13.4x19.8x5.2x
Fri, 08 Mar 2024US$45.3bUS$8.8bUS$2.3b12.5x19.9x5.2x
Sun, 04 Feb 2024US$46.0bUS$8.2bUS$2.1b9.9x21.8x5.6x
Tue, 02 Jan 2024US$48.9bUS$8.3bUS$2.4b11.3x20.2x5.9x
Thu, 30 Nov 2023US$45.5bUS$8.3bUS$2.4b10.1x18.8x5.5x
Sat, 28 Oct 2023US$38.4bUS$7.9bUS$2.2b9.8x17.1x4.9x
Mon, 25 Sep 2023US$44.5bUS$8.0bUS$2.2b11x20.2x5.6x
Wed, 23 Aug 2023US$42.9bUS$8.0bUS$2.2b11.1x19.5x5.4x
Fri, 21 Jul 2023US$40.6bUS$7.3bUS$1.3b13.5x30.6x5.5x
Sun, 18 Jun 2023US$37.9bUS$7.3bUS$1.3b12.7x28.6x5.2x
Tue, 16 May 2023US$32.7bUS$7.3bUS$1.3b11.1x24.6x4.5x
Thu, 13 Apr 2023US$38.9bUS$10.4bUS$4.8b8x8.2x3.8x
Sat, 11 Mar 2023US$40.3bUS$10.4bUS$4.8b8.8x8.4x3.9x
Mon, 06 Feb 2023US$51.4bUS$14.1bUS$6.8b8.7x7.5x3.6x
Price to Earnings Ratio

7.5x


Total Market Cap: US$51.4bTotal Earnings: US$6.8bTotal Revenue: US$14.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Mortgage REITs Industry Price to Earnings3Y Average 19.7x202420252026
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 14.0x which is lower than its 3-year average PE of 19.7x.
  • The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Mortgage REITs industry have declined 9.1% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market0.25%
Financials-0.94%
Mortgage REITs0.62%
Mortgage REITs0.62%
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
DX Dynex CapitalUS$14.570.9%
+US$1.8b		10.8%PE12.6x
NLY Annaly Capital ManagementUS$24.000.6%
+US$670.2m		17.2%PE9.1x
AGNC AGNC InvestmentUS$11.971.5%
+US$610.6m		18.8%PE8.8x
ARI Apollo Commercial Real Estate FinanceUS$10.959.6%
+US$133.4m		23.3%PE12.4x
EFC Ellington FinancialUS$13.50-3.5%
US$126.3m		7.2%PE13.3x

Latest News

ARR
US$18.37
ARMOUR Residential REIT
7D
-0.4%
1Y
-2.2%
AGNC
US$11.97
AGNC Investment
7D
1.5%
1Y
18.8%
NLY
US$24.00
Annaly Capital Management
7D
0.6%
1Y
17.2%
LADR
US$11.16
Ladder Capital
7D
-0.6%
1Y
-1.0%
IVR
US$8.90
Invesco Mortgage Capital
7D
-1.3%
1Y
6.8%

IVR: Government Support For Agency MBS Will Likely Offer Measured, Short-Lived Upside

Narrative Update: Invesco Mortgage Capital (IVR) The analyst price target for Invesco Mortgage Capital has moved higher by about $0.75 to roughly $8.67, as analysts point to updated fair value assumptions and sector readthroughs from agency mortgage backed securities research as support for the new view. Analyst Commentary Recent research on Invesco Mortgage Capital focuses on how agency mortgage backed securities moves and policy headlines could affect book value and, by extension, valuation.
DX
US$14.57
Dynex Capital
7D
0.9%
1Y
10.8%
STWD
US$18.18
Starwood Property Trust
7D
-1.0%
1Y
-5.9%
EFC
US$13.50
Ellington Financial
7D
-3.5%
1Y
7.2%
RWT
US$5.87
Redwood Trust
7D
4.3%
1Y
-9.4%
SEVN
US$8.60
Seven Hills Realty Trust
7D
-5.7%
1Y
-34.2%

SEVN: Stable Valuation And Q4 2025 Guidance Will Support Future Returns

Analysts have kept their price target for Seven Hills Realty Trust broadly steady at about US$11.33. This reflects only marginal adjustments to the discount rate and future P/E assumptions rather than a shift in their overall view of the stock.
BXMT
US$19.43
Blackstone Mortgage Trust
7D
1.2%
1Y
7.8%

BXMT: Gradual Real Estate Recovery And Buybacks May Support Fairly Valued Shares

Analysts have lifted their price target on Blackstone Mortgage Trust from about US$20.50 to roughly US$20.94, citing stable to improving portfolio credit trends and expectations for a gradual commercial real estate recovery supported by leasing activity, multifamily stabilization into 2026, and a more constructive capital markets backdrop. Analyst Commentary Recent research on Blackstone Mortgage Trust focuses on credit quality, commercial real estate conditions, and how those factors line up with current valuation expectations.
TWO
US$13.29
Two Harbors Investment
7D
-0.9%
1Y
5.8%
PMT
US$13.51
PennyMac Mortgage Investment Trust
7D
2.0%
1Y
4.8%
RC
US$2.21
Ready Capital
7D
-3.5%
1Y
-67.0%
ABR
US$7.88
Arbor Realty Trust
7D
-1.0%
1Y
-41.3%
ARI
US$10.95
Apollo Commercial Real Estate Finance
7D
9.6%
1Y
23.3%