Annaly Capital Management, Inc. (NYSE:NLY) stock decreased by 5.11%
In the Friday’s trading session, shares of Annaly Capital Management, Inc. (NYSE:NLY) closed at $11.51 after falling by $5.11%. The stock opened at $11.99 and reached a high of $12.00 before closing at the price level of $11.51. Over 26.97 million shares were traded in the trading session of July 5 which is quite higher than 15.84 million shares in last 90 trading sessions.
The shares of Annaly Capital Management, Inc. (NYSE:NLY) were prices in April at around $15.50, however the anxiety on the tapering plans by Federal Reserve, and an increase in rate of interest have put pressure on the sector of mortgage real estate investment trust extremely.
Annaly Capital Management, Inc. (NYSE:NLY) is a principal mortgage real estate investment trust. The company pays most of its income as dividends to its shareholders. The company is the owner, manager, and financier of portfolio investments related to real estate, containing certificates of mortgage pass-through, Agency callable debentures, CMO – Collateralized Mortgage Obligations, and securities that represent obligations that have backing by mortgage loan pools.
The wholly owned subsidiaries of the company provide asset management, diverse real estate, and various other financial services. RCap Securities, Inc., the subsidiary of Annaly Capital Management, Inc. (NYSE:NLY) runs its operations as a broker-dealer. The company undertakes investment in Agency debentures that include the debentures that are issued by Fannie Mae and Freddie Mac2 – the Federal Home Loan Bank (FHLB), FIDAC FSI LLC. was liquidated by the company in December 2012. At the same time FIDAC Europe Limited was liquidated by the company. As per status on December 31, 2012, the entire securities backed by mortgage, acquired by the company, received backing by residential mortgage loans of single-family.
Annaly Capital Management, Inc. (NYSE:NLY would receive advantage from lower expense on compensation because of the management structure’s externalization. The company may also gain high returns that may come from the MBS commercial sector that would result from the acquisition of CreXus Investments of the company.