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Annaly Capital Management, Inc. Message Board

  • eliapostchild eliapostchild Aug 1, 2013 4:56 PM Flag

    Book Value?

    Fidelity has NLY trading at .75 of book value -- giving a BV of approximately $15.50. Is this correct? I thought REITs usually trade within 10% of their BV, which would be around $14 on the low end. Is the discrepancy solely due to fear of rising interest rates, or? All thoughtful opinions welcome.

9.565-0.045(-0.47%)12:31 PMEST