Boston, MA 02/07/2014 (wallstreetpr) – Annaly Capital Management, Inc. (NYSE:NLY) is one of the better-known real estate domain investment and financial trusts. It is considered to be big dividend payer and rich equity player as well. The company recently announced that it would report its fourth quarter as well as year-end 2013 results on Feb 26, 2014.
Annaly Capital Management, Inc. (NYSE:NLY) interestingly, is involved in the real estate investment portfolio which includes mortgage assets as well. In this category the firm in involved in collateral mortgage obligations, besides pass-through certificates. The company’s various subsidiaries allow diverse investment opportunities as well as mortgage loan pools. Asset management which is backed by financial services is one of the hallmarks of Annaly Capital Management, Inc. (NYSE:NLY).
Agency debentures are another feature that Annaly Capital remains invested in. The much discussed housing mortgage backed securities Freddie Mac and Fannie Mae under the Federal Home Loan Bank too are realms where Annaly has made investments, considering it is a full-fledged real estate investments company. Back in 2012, Annaly was known to be invested in Europe-based FIDAC as well.
Lambiase retires
Annaly Capital Management, Inc. (NYSE:NLY) recently announced the retirement of its board member. In the last week of January, 2014, Johh A.Lambiase, chose not to stand for re-election. Lambiase whoc is a non-independent director has been on Annaly Capital Management, Inc.(NYSE:NLY) board since 1997.
Competitors flat as Annaly dips
Currently Annaly is on the downward slide, in comparison to other competitors in this field. Armour, CYS, Hatteras, American Capital Mortgage as well as Penny Mac reported in the green. Only Annaly showed a lag. The reason for this, believe analysts, is the conservative position it holds going into 2014.
Annaly Capital Management, Inc. (NYSE:NLY)is engaged in investments which generate income which is distributable among its shareholders. This Maryland Corporation, currently under the taxing system of real estate investment trust, is managed and advised by Annaly Management Company LLC.
