NYSE:NLYMortgage REITs
Assessing Annaly Capital Management (NLY) Valuation After Its $2.5 Billion At-The-Market Stock Offering
Capital Raise and Investor Context
Annaly Capital Management (NLY) just moved to raise up to 2.5 billion dollars through an at the market follow on equity offering, a meaningful step that could reshape both its balance sheet and shareholder calculus.
See our latest analysis for Annaly Capital Management.
The move comes after a strong run, with Annaly’s share price up 26.39 percent year to date and its one year total shareholder return at 39.69 percent. This suggests momentum is building as...