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
Dividend Growth Stocks News
- Top Asian Dividend Stocks To Consider - Yahoo Finance - 7/24/2025
- 3 Middle Eastern Dividend Stocks Yielding Up To 7.0% - Yahoo Finance - 7/24/2025
- 3 Asian Dividend Stocks Offering Up To 5.5% Yield - Yahoo Finance - 7/23/2025
- Best Dividend Stocks Expert Verified Stock Signals - Consistent double returns - Autocar Professional - 7/24/2025
- Top Dividend Stocks in India Winning Stock Selection Strategy - Superior portfolio returns - Autocar Professional - 7/24/2025
- Chevron Corporation (CVX) Dividend Stock Analysis - 7/18/2025
- Emerson Electric Co. (EMR) Dividend Stock Analysis - 7/11/2025
- Amgen, Inc. (AMGN) Dividend Stock Analysis - 6/27/2025
- W.W. Grainger, Inc. (GWW) Dividend Stock Analysis - 6/20/2025
- Abbvie Inc. (ABBV) Dividend Stock Analysis - 6/13/2025
Nearly 12% Yield And A New Rating
Posted by D4L | Friday, October 21, 2016 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.