by the looks of the share price depreciation, a buyer would think were heading to a recession again. NLY normally has a 10.5-11% dividend, so i think if there is a dividend reduction it's close to baked in the share price. And with insider's buying thats a good thing too. The question is, at what price is the bottom? At a 23% discount to book value already, does it see a 25% discount? Or even a 30% discount when the fed raises rates a minimal 25bp
when people say they're out, there really is no need to post anymore on that stocks message board. Players move onto another stock and post on that board... Unless you still have a financial interest in NLY!
Wellington Denahan, Annaly Capital Management Inc's Chairman of Board & CEO and a director of the company, recently acquired 198,216 shares of the company. The buys took place at prices ranging from $10.04 to $10.11 per share, on dates ranging from May 08 to May 11, 2015. Denahan now owns 1,573,134 shares of the company. Denahan operates out of New York, NY. Some additional info was provided as follows:
The number of "securities acquired" was listed incorrectly on the Form 4 filing made on May 12, 2015 due to an administrative error. A purchase of 13,268 shares was made on May 8, 2015 and a second purchase of 184,948 shares was made on May 11, 2015. The Amount of Securities Beneficially Owned Following Reported Transaction on May 8, 2015 was 1,388,186 and the Amount of Securities Beneficially Owned Following Reported Transaction on May 11, 2015 is 1,573,134. Options previously granted.
The above information was disclosed in a filing to the SEC.
NLY was leveraged at just 5-1. AGNC has been leveraged at 6.9 to 1, for Q4 2014... lowered to 6.4 Q1 2015. I think thats why they cut the dividend, they didn't have a low enough leverage. Just my two cents, but what do i know
Bobby, i dont think there will be any Fed rate increases. The Fed seems like its walking on thin ice, and Yellen doesn't want to look bad, so on and on it goes. As for NLY, it will continue to be in the $9-10 range for quite a while. And regarding the dividend, NLY is leveraged so low, "about 5 to 1, i don't see a dividend cut.