Annaly Capital Management, Inc. (NYSE:NLY) average recommendation is hold with average Target Price of $11.07. Annaly Capital Management, Inc. (NYSE:NLY) stock opened at $10.75 in last trading session, and closed at $10.80, trading in the range of $10.72 – $10.85. The stock showed a negative weekly performance of -0.92%.
Newcastle Investment Corp. (NYSE:NCT) in its latest new release noted that it has now completed the process of creating an organic new segment of its business. The new venture is called the New Media Investment Corporation, and will debut on the New York Stock Exchange. Newcastle Investment Corp. (NYSE:NCT) had earlier in May of 2013 begun as a spin-of the original New Residential (NRZ). The formation of the new company was back then viewed as a strategic move to capture the upside seen in the housing sector, which was then poised to show a recovery. At that time, the company hoped to see high returns on the unique portfolio it held and wished to see it optimize results when the housing sector showed full recovery. Newcastle Investment Corp.(NYSE:NCT) shares closed at $4.89 on last trade day, by gaining 1.13%. Stock 52 week range is $4.80 – $173.02.
American Realty Capital Properties Inc (NASDAQ:ARCP) announced it will issue its fourth quarter 2013 financial results before market open on Thursday, February 27, 2014 and will host a conference call and webcast on that same day at 1:00 p.m. Eastern Time to discuss such financial results. Nicholas S. Schorsch, Chairman and Chief Executive Officer, David S. Kay, President, Lisa Beeson, Chief Operating Officer, and Brian S. Block, Chief Financial Officer, will conduct the call. American Realty Capital Properties Inc (NASDAQ:ARCP) stock advanced 1.24% and finished the last session at $13.83. The EPS of the stock remained -1.88. Company’s market capitalization is $2.78 billion.
Transcontinental Realty Investors Inc (NYSE:TCI) is an externally advised and managed real estate investment company that owns a diverse portfolio of income-producing properties and land held for development. The Company’s portfolio of income-producing properties includes residential apartment communities, office buildings and other commercial properties. The Company acquires land primarily in in-fill locations or high-growth suburban markets. As of December 31, 2011, it owned 9,317 units in 50 residential apartment communities, 16 commercial properties comprising five million rentable square feet. Transcontinental Realty Investors Inc (NYSE:TCI) stock opened at $15.01 in last trading session and closed at $16.88. The 52 week range of the stock is $4.60 – $16.88 and the day range was $15.01 -$16.88.