These Stocks Pay 10% or Higher Yields -- Should You Buy or Stay Away?

By Matt Frankel and Tyler Crowe – Sep 19, 2023 at 6:51AM

NYSE: NLY

Annaly Capital Management

Market Cap

$9B

Today's Change

(1.02%) $0.19

Current Price

$18.88

Price as of April 26, 2024, 4:00 p.m. ET

High yields can be tempting, but be sure you know what you're getting into.

Mortgage real estate investment trusts like Annaly Capital (NLY 1.02%) and Blackstone Mortgage Trust (BXMT 1.47%) can certainly be tempting with their double-digit yields. However, there are some big risks to investing in these stocks that you need to know about before you dive in.

*Stock prices used were the afternoon prices of Sep. 14, 2023. The video was published on Sep. 15, 2023.

Matthew Frankel, CFP® has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.