Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Mortgage REITs Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies40
  • 7D-1.4%
  • 3M-5.7%
  • 1Y-3.4%
  • YTD-8.5%

Over the last 7 days, the Mortgage REITs industry has dropped 1.4%, driven by Annaly Capital Management declining 2.6%. However, the industry is down 3.4% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026US$62.6bUS$14.3bUS$5.3b11.2x11.8x4.4x
Thu, 07 May 2026US$65.8bUS$14.5bUS$5.6b11.5x11.7x4.5x
Sat, 04 Apr 2026US$62.6bUS$14.1bUS$5.7b8.7x11x4.4x
Mon, 02 Mar 2026US$66.4bUS$14.0bUS$5.7b9.8x11.7x4.7x
Wed, 28 Jan 2026US$69.4bUS$13.6bUS$5.1b12.8x13.6x5.1x
Fri, 26 Dec 2025US$65.7bUS$12.6bUS$4.2b13x15.8x5.2x
Sun, 23 Nov 2025US$62.7bUS$12.6bUS$4.2b12.4x15.1x5x
Tue, 21 Oct 2025US$61.3bUS$10.5bUS$2.5b13x24.9x5.8x
Thu, 18 Sep 2025US$63.2bUS$10.4bUS$2.3b13.9x27x6.1x
Sat, 16 Aug 2025US$62.0bUS$10.4bUS$2.3b13.6x26.4x5.9x
Mon, 14 Jul 2025US$58.8bUS$10.5bUS$2.4b11.5x24.1x5.6x
Wed, 11 Jun 2025US$57.4bUS$10.5bUS$2.4b12.9x23.5x5.5x
Fri, 09 May 2025US$55.4bUS$10.4bUS$2.5b11.5x22.2x5.3x
Sun, 06 Apr 2025US$50.5bUS$11.2bUS$3.6b11.2x14.1x4.5x
Tue, 04 Mar 2025US$58.8bUS$11.4bUS$3.5b12.5x16.8x5.2x
Thu, 30 Jan 2025US$54.3bUS$10.1bUS$2.2b10.9x24.8x5.4x
Sat, 28 Dec 2024US$53.8bUS$10.3bUS$2.5b10.3x21.8x5.2x
Mon, 25 Nov 2024US$55.7bUS$10.3bUS$2.5b10.6x22.5x5.4x
Wed, 23 Oct 2024US$41.5bUS$9.5bUS$2.6b11.8x15.8x4.4x
Fri, 20 Sep 2024US$43.2bUS$8.7bUS$1.8b15.7x23.4x4.9x
Sun, 18 Aug 2024US$40.9bUS$8.7bUS$1.8b15.1x22.2x4.7x
Tue, 16 Jul 2024US$44.7bUS$9.4bUS$2.7b9.8x16.6x4.8x
Thu, 13 Jun 2024US$45.6bUS$9.5bUS$2.9b10.2x15.5x4.8x
Sat, 11 May 2024US$47.0bUS$9.5bUS$2.9b10.2x16.1x4.9x
Mon, 08 Apr 2024US$44.9bUS$8.8bUS$2.3b13.7x19.7x5.1x
Wed, 06 Mar 2024US$44.6bUS$8.8bUS$2.3b10.4x19.5x5.1x
Fri, 02 Feb 2024US$46.9bUS$8.0bUS$2.1b10.4x22.7x5.8x
Sun, 31 Dec 2023US$49.0bUS$8.3bUS$2.4b11.3x20.2x5.9x
Tue, 28 Nov 2023US$45.4bUS$8.3bUS$2.4b9.7x18.8x5.5x
Thu, 26 Oct 2023US$38.2bUS$8.0bUS$2.2b9.9x17.5x4.8x
Sat, 23 Sep 2023US$44.5bUS$8.0bUS$2.2b11x20.2x5.6x
Mon, 21 Aug 2023US$43.1bUS$8.0bUS$2.2b11.1x19.6x5.4x
Wed, 19 Jul 2023US$40.4bUS$7.3bUS$1.3b13.6x30.5x5.5x
Fri, 16 Jun 2023US$37.9bUS$7.3bUS$1.3b12.6x28.5x5.2x
Price to Earnings Ratio

28.5x


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 19.5x202420252026
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 11.8x which is lower than its 3-year average PE of 19.5x.
  • 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 Market-2.73%
Financials0.48%
Mortgage REITs-1.38%
Mortgage REITs-1.38%
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
KREF KKR Real Estate Finance TrustUS$6.974.8%
+US$20.6m		-25.1%PB0.6x
BXMT Blackstone Mortgage TrustUS$18.020.5%
+US$15.4m		-6.3%PE29.8x
STWD Starwood Property TrustUS$16.840.2%
+US$14.8m		-16.9%PE18.3x
RC Ready CapitalUS$1.733.6%
+US$9.9m		-60.7%PB0.2x
FBRT Franklin BSP Realty TrustUS$8.380.5%
+US$3.1m		-24.7%PE15.3x

Latest News

DX
US$12.73
Dynex Capital
7D
-1.9%
1Y
4.3%
Seeking Alpha • 1h

Dynex Capital: Time To Sleep Well With This 16% Yield

Summary Dynex Capital is initiated at Buy, offering a nearly 16% yield and exposure to agency RMBS with manageable leverage. DX's Q1 negative economic return was driven by higher rates and wider mortgage spreads, but forward income prospects are strong if funding costs ease. DX trades at 1.02x book value, with an 8% price upside to 1.1x book and a compelling 24% total return potential over twelve months. Key risks include rate and spread volatility, high leverage at 8.6x, and the sustainability of the dividend if book value declines persist. Read the full article on Seeking Alpha
NREF
US$15.65
NexPoint Real Estate Finance
7D
0.8%
1Y
1.9%
PMT
US$9.88
PennyMac Mortgage Investment Trust
7D
-4.6%
1Y
-21.0%
Narrative Update • Jun 07

PMT: Lowered ROE And EPS Expectations Will Still Support Future Upside

Narrative Update on PennyMac Mortgage Investment Trust The analyst price target for PennyMac Mortgage Investment Trust has been trimmed by about $0.50 to reflect lower expectations for run rate ROE and EPS, a reduced book value per share, and lower valuation multiples cited across recent Neutral and Market Perform research calls. Analyst Commentary Recent research updates on PennyMac Mortgage Investment Trust focus on reduced earnings expectations, lower run rate returns, and trimmed valuation multiples, which together have led to lower price targets and at least one rating downgrade.
ABR
US$5.29
Arbor Realty Trust
7D
-3.6%
1Y
-49.2%
AGNC
US$10.11
AGNC Investment
7D
-1.2%
1Y
9.8%
STWD
US$16.84
Starwood Property Trust
7D
0.2%
1Y
-16.9%
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.
LADR
US$10.11
Ladder Capital
7D
0.1%
1Y
-5.5%
BXMT
US$18.02
Blackstone Mortgage Trust
7D
0.5%
1Y
-6.3%
RC
US$1.73
Ready Capital
7D
3.6%
1Y
-60.7%
KREF
US$6.97
KKR Real Estate Finance Trust
7D
4.8%
1Y
-25.1%
Narrative Update • Jun 03

KREF: Future Returns Will Reflect Credit Quality And Earnings Visibility Reassessment

Analysts have reduced their average price target on KKR Real Estate Finance Trust by $2.50 to $7.00 as they reassess fair value, risk assumptions, growth expectations, profitability, and future P/E multiples in light of recent research updates from multiple firms. Analyst Commentary Recent research has generally taken a more cautious stance on KKR Real Estate Finance Trust, with several firms trimming price targets and at least one downgrade in rating.
ARR
US$16.70
ARMOUR Residential REIT
7D
-2.5%
1Y
0.7%
FBRT
US$8.38
Franklin BSP Realty Trust
7D
0.5%
1Y
-24.7%
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.
NLY
US$20.96
Annaly Capital Management
7D
-2.6%
1Y
9.2%
SEVN
US$8.52
Seven Hills Realty Trust
7D
1.3%
1Y
-28.4%
Narrative Update • Jun 02

SEVN: Stable Assumptions And Strong Margins Will Support Future Upside Potential

Analysts have kept their $10.33 price target for Seven Hills Realty Trust unchanged. They cite relatively stable assumptions around the discount rate, revenue growth, profit margin, and future P/E as the basis for their view.
ORC
US$6.45
Orchid Island Capital
7D
-4.9%
1Y
-8.3%
CIM
US$13.04
Chimera Investment
7D
-3.6%
1Y
-5.2%
Narrative Update • May 09

CIM: Higher Dividend And Buyback History Will Support Steady Outlook

Analysts have modestly revised their price target on Chimera Investment to $14.00 from $14.00, citing updated assumptions around revenue growth, profit margin, and a lower forward P/E multiple as key inputs in their refreshed models. What's in the News Chimera Investment reported that from October 1, 2025 to December 31, 2025, it repurchased 0 shares for US$0 million under its existing buyback program, leaving the overall authorization unchanged for that period (Key Developments).