When it comes to mortgage REITs, Annaly Capital Management (NLY) is a name most investors will know. They’re at the top and have performed well with everything that is going on. However, there are a couple of major issues with investing in the common stock. For investors who are risk-averse, mortgage REITs are generally not a great option. They carry material risk and should be considered trading securities. We regularly trade in and out of mortgage REITs based on their trading relative to book value. Mort ...