Annaly Capital Management, Inc. Stock News

Key Points in This Article: Berkshire Hathaway's 13F filing shows new stakes in homebuilders, signaling Buffett's confidence in the market.

Annaly Capital Management's new fixed-rate preferred offers high yield and 5 years of call protection, appealing to income-focused investors. Issuing preferreds is a cost-effective equity strategy for NLY, as the company pays less on preferreds than on common shares. NLY.PR.J's fixed-rate structure provides interest-rate diversification versus the company's other floating-rate preferreds but ex...

Most of the focus is going to be on preferred shares, but we're also talking baby bonds and one common share. Some investors want upside if rates fall. Others want yield or greater security. One management team decided to pump out some shares below our estimate for book value. Share prices promptly underperformed all peers.

The S&P 500 index is currently offering a slim little 1.2% yield. The average real estate investment trust (REIT) is yielding around 3.9%.

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. Announces Preferred Dividends.

Turn on your printing press and dance as cash comes pouring out. My portfolio is filled with printing presses, minting new dividend dollars. Your retirement needs cash, and the market provides it!

We take a look at the action in preferreds and baby bonds through the fourth week of July and highlight some of the key themes we are watching. Preferreds market remained stable with credit spreads at relatively tight levels. Agency mortgage REITs like DX, AGNC, and NLY increased common equity, significantly boosting equity/preferred coverage and making their preferreds especially appealing at ...

U.S. equity markets fell sharply this week, while benchmark interest rates retreated to three-month lows, after revised employment data showed that job growth was far weaker than initially reported. The BLS payrolls report showed softer-than-expected hiring in July and the steepest two-month downward revisions to jobs growth since 2020, raising concern that the Fed may be "behind the curve." Th...