I checked the movements on some of the assets in its portfolio and I see nothing worthy of a panic. The fundamentals for mREITs are neither great nor terrible, so a solid discount to book value is attractive. Following the decline in mortgage REITs on 10-03-2016, there was another large decline. After inspecting the most likely culprits, this appears to be a fear-based event rather than reflecting a shift in fundamentals. Based on the decline in price, I’m shifting to a bullish stance.
Annaly Capital Management (NYSE:NLY) is trading at $10.06 as of my writing. I'm upgrading NLY to a buy rating. This isn't a strong buy rating or an overwhelming buy rating (only used for the best opportunities), but this is a shift from my prior stance. As of yesterday, when shares were at $10.33, I covered Annaly Capital Management and established my view as neutral with a slight bullish tint.
Source: Seeking Alpha
Related Articles:
- Love People, Use Dividend Stocks
- We Were Dividends, Before Dividends Were Cool
- 7 Dividend Stocks Delivering The Secret To Success
- 5 Low-Risk, High-Yielding Dividend Stocks
- 9 Dividend Stocks For A Rainy Day
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Well-chosen dividend stocks are powerful wealth creators. They can add both growth and stability to your investment portfolio -- while putti...
-
High-yield stocks with low price-to-earnings ratios tend to do well over time. It’s also a good deal for investors when the earnings of the ...
-
I wanted to find an ideal list of stocks with high dividend yields. The stocks would have to be cheap as well. And the dividends would have ...
-
Whenever a non-dividend-paying stock sets up a regular dividend policy, it is considered very, very good news. And that’s also why, whenever...
-
Dividend stocks are the Swiss army knives of the stock market. When dividend stocks go up, you make money. When they don't go up -- you ...
-
I have chosen five stocks selling with dividend yields of 6%+ and with low payout ratios. The dividends of these stocks represent just 50% o...
-
As time passes, fewer investors are familiar with Peter Lynch. That’s a shame. The famous former Fidelity fund manager delivered astounding ...
-
It has been a glum time for ExxonMobil (NYSE:XOM) shareholders. Regardless of whether you’re looking at the past one year, five years, or te...
-
Dividend-paying companies are beacons of profitability. Generally speaking, a company isn't going to share a percentage of its profit or...
-
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.