Annaly Capital Management, Inc. (NYSE:NLY) Struggles In Spite of Mortgage Interest Increase


Dallas, Texas 12/13/2013 (FINANCIALSTRENDS) – Annaly Capital Management, Inc. (NYSE:NLY) is a $9.44 billion market capped Real Estate Investment Trust which has been struggling to retain investor interest over the past one year. It has shed close to 22 percent over the trailing 12 months and a similar depreciation over the trailing 180 days. This burn up in the stock market value slows down towards the past month when it has shed only 5.4 percent . At current valuations the stock has been trading at $9.97 per share which is just 3.2 percent above its prior 12 month low price point. At current depreciated levels the stock is down 19.5 percent down from its 200 day simple moving average.

In the past one year Annaly Capital Management, Inc. (NYSE:NLY) has paid out dividend of $1.4 per share which translates to 14.04 percent dividend yield annually. Over the past year it has managed to post net income of $3.33 billion from sales of $2.9 billion. In spite of the healthy dividend payout and the strong income generation, this REIT has struggled to keep investors stay invested in its stock as explained above.

Annaly Capital Management, Inc. (NYSE:NLY) is a real estate invested trust with operations spread across U.S.  Its investment vehicles include “mortgage pass-through certificates, collateralized mortgage obligations, agency callable debentures, and other securities representing interest”. In addition it also attempts to grow its investments in government backed funding institutions like “ Federal Home Loan Bank, Freddie Mac, and Fannie Mae”.

Annaly Capital Management, Inc. (NYSE:NLY) in the past week or so the stocks of REIT have been seeing a increase on the back of a steady 10 basis points increase in the mortgage rates thanks to the improving economic indicators coming in from across the various segments of broader economy.

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