Annaly Capital Management, Inc. (NLY) & Four Other Diversified REITs With Monster Yields Over 9%

Billionaire Israel Englander of Millennium Management has about $15.5mm invested in American Capital Mortgage Investment Crp (NASDAQ:MTGE) (take a look at his top five stocks here).

Where else can huge yields be found?

Capstead Mortgage Corporation (NYSE:CMO) is a $1.2bn REIT invested in pass-throughs as well, although it specializes primarily in adjustable-rate mortgages issued and guaranteed by Fannie Mae or Freddie Mac. Capstead Mortgage Corporation (NYSE:CMO) provides investors with a yield of slightly over 10%, paid quarterly in a range of $0.30 to $0.40. Both KBW and RBC Capital are saying the recent dip in CMO (caused by the Fed announcing its intent to taper off MBS purchases soon) could be a great buying opportunity. On a grander scale, however, CMO is still up 9.5% on the year. Billionaire Ken Griffin of Citadel Investment Group owns 1.4mm shares of CMO (read about his other positions here).

AG Mortgage Investment Trust Inc (NYSE:MITT) grabs the last spot on our screen with a yield of 12%. AG Mortgage Investment Trust Inc (NYSE:MITT) overshadows the other stocks on our list with its excellent performance going back a year; the stock has appreciated by 19% (although still less than the overall market’s gain of 26%). The same issues in the Treasury and mortgage markets have caused a small pullback for AG Mortgage Investment Trust Inc (NYSE:MITT) as well, but less exaggerated than some of the other REITs. The company revealed a miss in its most recent earnings report at the start of May, highlighting a decline in EPS of 36% versus the same quarter a year prior.

Billionaire Leon Cooperman of Omega Advisors owns about $7mm worth of MITT (check out the fund’s positions here).

Disclosure: none