Annaly Rides High on Strong Funding Profile: Time to Buy?

ACRE NLY HASI CIM

We updated our research report on Annaly Capital Management, Inc. (NLY - Free Report) on Nov 11, 2016. This New York-based mortgage real estate investment trust (“mREIT”) is mainly engaged in owning, managing and financing a portfolio of real estate-related investment securities. Its investment portfolio comprises agency MBS, agency pass-through certificates, collateralized mortgage obligations, interest-only securities and inverse floaters.

Annaly enjoys a diverse funding profile in the industry. Its primary sources of funds are repurchase agreements and various forms of equity. Also, the company enjoys flexibility in the opportunistic enhancement of its portfolio. Further, around $8 billion high-quality unencumbered assets provide it adequate capital buffer.

The stock presently carries a Zacks Rank #2 (Buy). Over the past seven days, its current quarter estimates moved up 3.4% to 30 cents.

Investors interested in the mREIT sector can also consider stocks like Ares Commercial Real Estate Corporation (ACRE - Free Report) , Chimera Investment Corporation (CIM - Free Report) and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI - Free Report) . All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Current quarter estimates for Ares Commercial Real Estate, Chimera Investment Corporation and Hannon Armstrong Sustainable Infrastructure Capital remained unchanged at 27 cents, 61 cents and 23 cents, respectively over the past seven days.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>   

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>