The mortgage REIT paid a very low price in the deal to become internally managed.
News & Analysis: Annaly Capital Management
The mortgage REIT cuts its dividend payment less than expected and surprisingly buys back some stock.
The mortgage REIT's stock price has bounced back somewhat from its April low, but remains down by more than 30% year to date.
Investors are coming back to the reality that COVID-19 is still a threat, and mortgage REITs aren't the safest bet.
A roaring bull market is driving everything higher, even this higher-risk corner of the real estate business.
Is the market signaling a cut?
Annaly is a mortgage REIT with a double-digit yield. Is it worth buying, or is the massive yield a warning that there's material risk here?
The worst is probably over for this mortgage REIT, but credit risk remains as the country struggles with the coronavirus pandemic.
A volatile market drove down the quarter's earnings.
NLY earnings call for the period ending March 31, 2020.