Fin Stocks Zone! Vereit Inc (VER), Annaly Capital Management (NLY)
Shares of Vereit Inc (NYSE:VER) ended Tuesday session in red amid volatile trading. The shares closed down -0.08 points or -0.83% at $9.52. Post opening the session at $9.65, the shares hit an intraday low of $9.51 and an intraday high of $9.84 and the price vacillated in this range throughout the day. The company has a market cap of $9.14 billion and the numbers of outstanding shares have been calculated to be 965.19 million shares.
Vereit Inc (VER) is a publicly owned real estate investment trust. It owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. It was formerly known as American Realty Capital Properties, Inc. VEREIT, Inc. was founded in 2010 and is based in Phoenix, Arizona.
Shares of Annaly Capital Management, Inc. (NYSE:NLY) ended Tuesday session in green amid volatile trading. The shares closed up +0.12 points or 1.21% at $10.02. Post opening the session at $9.94, the shares hit an intraday low of $9.91 and an intraday high of $10.07 and the price vacillated in this range throughout the day. The company has a market cap of $9.94 billion and the numbers of outstanding shares have been calculated to be 1.02 billion shares.
Annaly Capital Management, Inc. (NLY) announced its financial results for the quarter ended June 30, 2016.
“During heightened market volatility and amidst a difficult operating environment, Annaly continued to deliver strong performance and durable core earnings and book value,” commented Kevin Keyes, Chief Executive Officer and President. “Our diversified platform has provided our shareholders with the most consistent core earnings over the past two years – earnings that have proven to be approximately two-thirds more stable than other industry participants.”
On July 12, 2016, Annaly completed the acquisition of Hatteras Financial Corp., for aggregate consideration of approximately $1.5 billion, marking the largest mortgage REIT acquisition in history. “The Hatteras transaction provides portfolio diversity and size while also adding to the earnings and capital base of the Company,” Mr. Keyes remarked. “This strategic milestone is evidence of Annaly’s unique financial flexibility and demonstrates our ability to grow opportunistically in this challenging market environment. Annaly’s shareholders continue to benefit from the increased scale, liquidity, asset and business diversification of the industry’s leading hybrid REIT.”