NEW YORK ( TheStreet) -- Annaly Capital Management (NLY - Get Report), The St. Joe Company (JOE - Get Report) and CB Richard Ellis Group (CBG - Get Report) were among the few real estate stocks trading in positive territory Thursday as many stocks tumbled on a weakening global growth outlook.
Annaly Capital shares rose 0.7% to close at $18.72 on volume of 27 million, more than double the issue's trailing three-month daily average.
Earlier this week Annaly Capital said it will raise its dividend by 4.8%, paying its shareholders a quarterly dividend of 65 cents per share, up from its prior payout of 62 cents per share.
That brings the real estate investment trust's yield to around 13.9% going forward. St. Joe shares rose 4.4% to finish at $20.12, though earlier this month TheStreet Ratings downgraded the stock from hold to sell. Volume of 1.1 million was close to double the stock's normal churn.