Editor’s Note: Annaly Capital Management, Inc. (NYSE:NLY), Chimera Investment Corporation (NYSE:CIM), CYS Investments Inc (NYSE:CYS), AG Mortgage Investment Trust Inc (NYSE:MITT)
Interesting October Stock Options for NLY (Forbes)
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Annaly Capital Management, Inc. (NYSE:NLY). So this week we highlight one interesting put contract, and one interesting call contract, from the October expiration for NLY. The put contract our YieldBoost algorithm identified as particularly interesting, is at the $11 strike, which has a bid at the time of this writing of 28 cents. Collecting that bid as the premium represents a 2.5% return against the $11 commitment, or a 23.2% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Chimera Investment Corporation (NYSE:CIM) – NYSE Listing Extension and the Way Forward (FinancialsTrend)
A real estate investment trust (REIT), Chimera Investment Corporation (NYSE:CIM)’s key investments include agency and non-agency RMBS, residential mortgage loans, commercial mortgage loans, commercial mortgage backed securities (CMBS) and consumer and non-consumer asset backed securities (ABS). Recently CIM has received an extension, provided the company files its FY12 Annual Report with the Securities and Exchange Commission on Form 10-K until January 31, 2014, for continued listing and trading of its stock on the New York Stock Exchange (NYSE). Though during the period of extension trading of Chimera Investment Corporation (NYSE:CIM)’s shares will remain uninterrupted, the extension is subject to ongoing review by NYSE.
CYS Investments Price Target Cut to $10.00 by Analysts at Keefe, Bruyette & Woods (CYUS) (WKRB News)
Equities research analysts at Keefe, Bruyette & Woods reduced their price objective on shares of CYS Investments Inc (NYSE:CYS) from $11.00 to $10.00 in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Several other analysts have also recently commented on the stock. Analysts at Nomura cut their price target on shares of CYS Investments from $13.00 to $8.00 in a research note to investors on Friday, August 2nd. Separately, analysts at Wunderlich cut their price target on shares of CYS Investments Inc (NYSE:CYS) from $12.00 to $9.00 in a research note to investors on Tuesday, July 23rd.
AG Mortgage Cuts Dividend by 25% (DailyFinance)
Real estate investment trust AG Mortgage Investment Trust Inc (NYSE:MITT) has announced plans to pay a dividend of $0.60 this quarter. The new payout is a 25% drop from last quarter’s payout of $0.80 per share, which the company had paid since January 2013. AG Mortgage’s latest quarterly dividend will be payable on Oct. 28 to shareholders of record as of Sept. 19. The company has paid a dividend since September 2011.
Annaly Capital Management, Inc. (NYSE:NLY) able to manage volatility? (FinancialsTrend)
Annaly Capital Management, Inc. (NYSE:NLY) is definitely a tempting stock. Its dividend is above 13%. The company’s chart looks like it is bottoming out. The U.S economic data has been quite tepid and this has led many people to presume that whatever rate-spike that had to take place due to the Fed taper speculation, is done with. This fact has not been lost on investors. At a cursory glance, to any yield seeker or bargain hunter this will definitely seem like a good bargain.
