We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Annaly (NLY): Riding High on Portfolio Diversification Strategy
Read MoreHide Full Article
We updated our research report on Annaly Capital Management, Inc. (NLY - Free Report) on Jun 30, 2016. This New York-based mortgage real estate investment trust (“mREIT”) is engaged in owning, managing and financing a portfolio of real estate related investment securities.
Annaly is focusing on diversifying its array of investment and financing options. In fact, the company is concentrating on expanding its commercial real estate investments, which is likely to complement its agency investments. In April, Annaly and Hatteras Financial inked a deal under which the former will acquire the latter for $1.5 billion as part of its portfolio diversification strategy. Subsequently, Annaly extended the previously announced exchange offer for the purchase in order to obtain the remaining regulatory approvals which are essential for the completion of the deal.
Further, even amid the turbulent market conditions of 2015, Annaly paid more than $1.2 billion in the form of dividends to its shareholders and also provided decent return on equity. In Feb 2016, the company started an updated capital allocation policy to generate better and more attractive returns for stockholders.
The stock presently carries a Zacks Rank #2 (Buy).
Investors interested in the mREIT industry can consider stocks like American Capital Agency Corp. (AGNC - Free Report) , Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI - Free Report) and Capstead Mortgage Corp. . While both American Capital Agency and Hannon Armstrong Sustainable Infrastructure Capital sport a Zacks Rank #1 (Strong Buy), Capstead Mortgage holds the same Zacks Rank as Annaly.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Annaly (NLY): Riding High on Portfolio Diversification Strategy
We updated our research report on Annaly Capital Management, Inc. (NLY - Free Report) on Jun 30, 2016. This New York-based mortgage real estate investment trust (“mREIT”) is engaged in owning, managing and financing a portfolio of real estate related investment securities.
Annaly is focusing on diversifying its array of investment and financing options. In fact, the company is concentrating on expanding its commercial real estate investments, which is likely to complement its agency investments. In April, Annaly and Hatteras Financial inked a deal under which the former will acquire the latter for $1.5 billion as part of its portfolio diversification strategy. Subsequently, Annaly extended the previously announced exchange offer for the purchase in order to obtain the remaining regulatory approvals which are essential for the completion of the deal.
Further, even amid the turbulent market conditions of 2015, Annaly paid more than $1.2 billion in the form of dividends to its shareholders and also provided decent return on equity. In Feb 2016, the company started an updated capital allocation policy to generate better and more attractive returns for stockholders.
ANNALY CAP MGMT Price and Consensus
ANNALY CAP MGMT Price and Consensus | ANNALY CAP MGMT Quote
The stock presently carries a Zacks Rank #2 (Buy).
Investors interested in the mREIT industry can consider stocks like American Capital Agency Corp. (AGNC - Free Report) , Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI - Free Report) and Capstead Mortgage Corp. . While both American Capital Agency and Hannon Armstrong Sustainable Infrastructure Capital sport a Zacks Rank #1 (Strong Buy), Capstead Mortgage holds the same Zacks Rank as Annaly.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>