Annaly Capital Management Inc. (NYSE:NLY) ranked Top 10 Real Estate Investment Trust
The major player in the real estate related investments, Annaly Capital Management Inc. (NYSE:NLY) had been ranked in the Top 10 Real Estate Investment Trust. This rank published in the Dividend Rank Report of Dividend Channel is primarily owed to the attractive and strong profitability metrics as well as valuation metrics.
Annaly Capital Management Inc. (NYSE:NLY) is primarily engaged in the management and ownership of a portfolio of real estate related investments which include Agency callable debentures, mortgage pass through certificates and collateralized mortgage obligations. The recent share price of the real estate investment trust provides for a price to book ratio of 0.90 and an annual dividend yield of 13.10 percent.
However, the average dividend yield of the stocks covered by the Dividend Channel is around 3.6 percent with an average price to book ratio of 2 percent. The multi year long term growth rates of the key fundamental ratios of Annaly Capital Management Inc. (NYSE:NLY) had also been highly favorable for the company to find a place in the Top 10 Real Estate Investment Trust.
Real Estate Investment Trusts are highly popular and function in a way similar to that of the mutual funds. The Investment Trusts pool in money collected from small investors who are willing to invest in real estate and this money is further invested into high profile commercial and residential projects. The returns from the sale of such projects are then distributed to the investors. Thus the Real Estate Investment Trusts prove to be highly favorable for those who are attracted to real estate investments which would otherwise turn out farfetched for an individual investor to afford.
Annaly Capital Management Inc. (NYSE:NLY) thus provides its investors to enjoy the benefits of investing in real estate properties without the burden of huge investments or management works related to such projects. The shares of Annaly Capital Management Inc. (NYSE:NLY) closed at $13.28 per share on Tuesday, which was observed to be a decline of 1.99 percent from the previous close. The shares of the company witnessed the trade of 14.97 million shares on Tuesday.