Dividends4Life: Nearly 12% Yield And A New Rating

Dividend Growth Stocks News

Nearly 12% Yield And A New Rating

Posted by D4L | Friday, October 21, 2016 | | 0 comments »

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



Post a Comment

Note: Only a member of this blog may post a comment.