ConclusionBuying an REIT like Annaly now could be like bottom fishing, but the unusually low valuation in this company relative to the expensive stock market suggests a higher stock price is possible. To give you a better picture, we built a list of stocks that compare Annaly to its three largest competitors.
2. American Tower Corporation ( AMT): Operates as a wireless and broadcast communications infrastructure company. Market cap at $31.58B, most recent closing price at $79.80.
3. Public Storage ( PSA): Operates as a real estate investment trust (REIT). Market cap at $26.05B, most recent closing price at $151.57.
4. Vornado Realty Trust ( VNO): Is a privately owned real estate investment trust. Market cap at $16.78B, most recent closing price at $89.75. (Written by Chris Lau, a Kapitall Contributor. List compiled by James Dennin. Analyst ratings sourced from Zacks Invesment Research. All other data sourced from Finviz.)