Annaly Capital Management, Inc. (NYSE: NLY) JUNE-26-2015 BUYav $9.31
Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The company uses its capital with borrowed funds to invest in real estate-related investments, earning the spread between the yield on its assets and the cost of their loans. It has a portfolio of real estate investments, including mortgage pass-through obligations, collateralized mortgage obligations (CMO), the Agency enforceable obligations, other securities representing interests in or obligations backed by a portfolio of mortgage loans, real estate properties commercial and corporate debt. Business operations of the Company consist of Annaly (the parent company), Annaly Commercial Real Estate Group, Inc. (ACREG) RCAP Securities, Inc., Fixed Income Discount Advisory (IOPC), Annaly Middle Market Lending LLC and Shannon Funding LLC.