(Annaly Capital report updated with broker action and background of recent REIT offerings.)NEW YORK ( TheStreet) -- Annaly Capital Management ( NLY) shares shed several points amid heavy volume Tuesday after the New York City-based real estate investment trust unveiled plans for a dilutive public offering of 75 million common shares.
MORN) noted that REITs have been catching on with a number of exchange-traded fund investors who consider them as potential hedges against inflation. The investment research firm pointed to inflows of $312 million to the iShares Dow Jones U.S. Real Estate ( IYR), and $371 million of net inflows to the Vanguard REIT Index ( VNQ) in the third quarter as evidence of the growing interest in REITs. -- Written by Miriam Marcus Reimer in New York. >To contact the writer of this article, click here: Miriam Reimer. >To follow the writer on Twitter, go to http://twitter.com/miriamsmarket. >To submit a news tip, send an email to: firstname.lastname@example.org.