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|Bid||46.62 x 6500|
|Ask||46.65 x 200|
|Day's Range||46.37 - 46.74|
|52 Week Range||10.00 - 48.54|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.48%|
If you hold any of these five risky REITs, you should sell them immediately. And put that money into two recession-proof bargains (paying up to 8%) that we’ll discuss shortly. REITs aren’t always as safe as their dividends appear on paper. Consider ...
Analysts expect the mortgage real estate investment trust to deliver earnings per share of 30 cents, one cent higher than a year earlier. In the last seven days, one out of the five analysts covering NLY stock upped their estimate for the quarter, so things are looking up for Annaly heading into earnings. On July 18, its shares dropped 4% on the news it was planning to sell 60 million common shares and possibly another nine million shares for the underwriters over-allotment, representing a 6.8% increase in the number of shares outstanding.
Investors could make a near-term play on rate sensitive sectors in the basket form, as these will continue to trade smoothly if interest rates remain steady.
Annaly Capital Management (NLY) took advantage of the mortgage real estate investment trust's recent run-up by selling shares. It announced a public offering of 60 million shares for expected proceeds of $710 million yesterday, sending the mortgage REIT sector and its own stock on a slide. Last week, he estimated that book values were "up modestly" or some 0.10% in a mortgage REIT second-quarter preview report.
Shares of Annaly Capital Management (NLY) closed down 4% at $11.78 Tuesday (that's a lot for a bond proxy), after it priced a secondary offering of 60 million more shares (that's also a lot for a mortgage real estate investment trust). "If the all the options are exercised, the number of shares outstanding would increase by about 6.8%," the site finds.
The stock market is near highs, but it's not too late to get exposure to big names like Amazon, Apple and Celgene via major index ETFs.
A pair of mortgage ETFs holding big gainer Annaly Capital Management remain in buy range after recently hitting their highest levels in more than two years.
|Annaly Capital Management Inc||NLY||17.11%|
|AGNC Investment Corp||AGNC||9.96%|
|Starwood Property Trust Inc||STWD||7.44%|
|New Residential Investment Corp||NRZ||6.92%|
|MFA Financial Inc||MFA||4.59%|
|Two Harbors Investment Corp||TWO||4.55%|
|Chimera Investment Corp||CIM||4.49%|
|Blackstone Mortgage Trust Inc A||BXMT||4.45%|
|Apollo Commercial Real Estate Finance Inc||ARI||4.31%|
|Invesco Mortgage Capital Inc||IVR||4.30%|