Annaly Capital Management Inc. (NLY): Today's Featured Real Estate Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Annaly Capital Management (NLY) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 1.9%. By the end of trading, Annaly Capital Management fell $0.26 (-2.2%) to $11.49 on average volume. Throughout the day, 13,129,875 shares of Annaly Capital Management exchanged hands as compared to its average daily volume of 13,508,000 shares. The stock ranged in price between $11.42-$11.61 after having opened the day at $11.61 as compared to the previous trading day's close of $11.75. Other companies within the Real Estate industry that declined today were: IFM Investments (CTC), down 7.2%, Homex Development (HXM), down 7.1%, Trade Street Residential (TSRE), down 6.7% and Medical Properties (MPW), down 6.5%.
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