Financial stocks for your portfolio: Annaly Capital Management, Inc. (NLY), Host Hotels & Resorts, Inc. (HST)

Financial stocks for your portfolio: Annaly Capital Management, Inc. (NLY), Host Hotels & Resorts, Inc. (HST)

Financial stocks for your portfolio: Annaly Capital Management, Inc. (NLY), Host Hotels & Resorts, Inc. (HST)

Annaly Capital Management, Inc. (NLY) ended last trading session with a change of -1.46 percent. It trades at an average volume of 7.01M shares versus 6.05M shares recorded at the end of last trading session. The share price of $10.81 is at a distance of 19.44 percent from its 52-week low and down -2.7 percent versus its peak. The company has a market cap of $11.02B and currently has 1.02B shares outstanding. The share price is currently -0.3 percent versus its SMA20, 3.25 percent versus its SMA50, and 6.46 percent versus its SMA200. The stock has a weekly performance of -1.73 percent and is 8.43 percent year-to-date as of the recent close.

On February 16, 2017 Annaly Capital Management, Inc. (NLY) announced its financial results for the quarter and year ended December 31, 2016.

“The fourth quarter of 2016 was yet another period of historically high market volatility with interest rate levels rising meaningfully and credit spreads contracting significantly,” commented Kevin Keyes, Chief Executive Officer and President. “Once again, amidst this uncertainty, Annaly delivered stable core earnings and dividends producing an attractive return on equity for our shareholders. In addition, the effectiveness of our diversification and hedging strategies contributed to our book value for the quarter outperforming expected changes despite the pronounced sell-off in the fixed income markets.

“2016 was also a year of notable milestones for Annaly in which we continued to expand our four complementary business platforms into 25 investment options, completed the largest mortgage REIT acquisition in history and delivered a $0.30 per share dividend for the 13th consecutive quarter.

“Entering 2017, we are prepared for even more volatility and uncertainty. Importantly, considering the wide range of potential outcomes in the global macro-economies and marketplaces, we are confident our diversified model is uniquely positioned to take advantage of multiple investment opportunities.”

Host Hotels & Resorts, Inc. (HST) recently recorded -0.22 percent change and currently at $17.87 is 30.02 percent away from its 52-week low and down -11.58 percent versus its peak. It has a past 5-day performance of -3.41 percent and trades at an average volume of 9.45M shares. The stock has a 1-month performance of -2.62 percent and is -5.15 percent year-to-date as of the recent close. There were about 736.36M shares outstanding which made its market cap $13.16B. The share price is currently -2.48 percent versus its SMA20, -2.48 percent versus its SMA50, and 5.89 percent versus its SMA200.

On March 09, 2017 Host Hotels & Resorts, Inc. (HST) announced that Host Hotels & Resorts, L.P. (“Host L.P.”), for whom the Company acts as sole general partner, has priced its offering (the “Offering”) of $400 million aggregate principal amount of 3 7/8% Senior Notes due 2024 (the “Notes”). The Offering is expected to close on March 20, 2017, subject to the satisfaction or waiver of customary closing conditions.

The net proceeds of the Offering of approximately $395 million, after deducting the underwriting discount, fees and expenses, will be used to repay a portion of Host L.P.’s outstanding indebtedness under its senior credit facility and for general corporate purposes.

 

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