If you are an income investor seeking high yield with monthly income, then MORL may be a nice addition to your portfolio. I have invested in mortgage REITs like Annaly Capital, AGNC and others in the past to boost my income stock portion of my portfolio. With MORL, you get a basket of mortgage REITs …
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Annaly Capital Management, Inc. ( NLY ) announced that it has put forth a proposal to acquire CreXus Investment Corp ( CXS ). The proposal states that Annaly would purchase with cash the remaining outstanding stock of CreXus that is does not already own. Annaly currently owns about 12.4% (9.5 million) of the 76.6 million …
Annaly Capital Management, Inc. (NLY) announced that its Board of Directors has authorized the repurchase of up to $1.5 billion of its outstanding common shares over a 12 month period. Annaly currently has 975 million shares outstanding with a market cap of $15.59 billion. The buyback is 9.62% of the current market cap. Based on FY 2013 …
