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NLY will go UP
$19.50 on 4/06/10 (135 days left)
$18.11 (3.48% from time of market call)
The Federal Reserve has made their intentions about keeping interest rates low very clear to the public; combined with the turnaround in the housing market (reduced volatility, some might say stabilization) it presents a very good future for at least the next year for annaly to thrive.
Q2 earnings rose approx. 150k over Q1 earnings earlier this year, and with financiers providing cheaper capital for Real Estate Investment Trsuts (REITs), the spread that annaly can reap income from will boost earnings. Any boost in earnings will bring the stock price up and increase the dividend payout, which is already at a gushing yield of about 15% (REITs are required to pay out 90% of taxable income in dividends).
Even if the capital gain from changes in price isn't enough to lure you in, the dividend yield and earning potential for NLY in the near future warrants a moderate investment at the least.
rtrepte
