Annaly Capital Management Is Now Significantly Less Risky Than At The Beginning Of The Year
- Annaly Capital Management delivered respectable second quarter results.
- Book values in the mREIT sector have been rebounding after a disastrous 2013.
- Strong, sequential book value growth could justify a premium valuation for Annaly in the medium-term.
- In addition to a high dividend yield, mREITs could see further price appreciation in 2014 and beyond.