Annaly Is Moving Forward with New Capital
We have seen some big announcements from Annaly recently.
Annaly Capital Management (NLY: $11.70) announced that it intends to make a public offering of 60,000,000 shares of common stock, plus the 9 million over-allotment, thus raising over $800 million in new capital.
BMR Take: Annaly is best in class among its Mortgage REIT peers. We are long term investors and believe in the business they are in and especially the management driving the company forward.
The Bull Market Report, a powerful investment newsletter, is emailed weekly and includes actionable market commentary, new stock picks, in-depth stock research and analysis, and updates on the stocks in our six portfolios. See what’s inside! In addition, you will receive News Flashes during the week to keep you up-to-date on the stocks in our portfolios.