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Annaly Capital Management Inc (NLY) [hlAlert]

Rating:
Neutral NLY
down 22.67 %

Annaly Capital Management Inc (NLY) downgraded to Neutral by Credit Suisse

Posted on: Wednesday,  Jun 5, 2013  8:25 AM ET by Credit Suisse

Credit Suisse rated Neutral Annaly Capital Management Inc (NYSE: NLY) on 06/05/2013. Previously Credit Suisse rated Outperform Annaly Capital Management Inc (NYSE: NLY)
on 09/08/2008., when the stock price was $17.60. Since then, Annaly Capital Management Inc has lost 22.67% as of 06/05/2013's recent price of $13.61.
If you would have followed the previous Credit Suisse's recommendation on NLY, you would have lost 22.67% of your investment in 1731 days.

Annaly Mortgage Management, Inc. specializes in investing in Mortgage-Backed Securities. Its principal business objective is to generate net income for distribution to stockholders from the spread between the interest income on its Mortgage-Backed Securities and the costs of borrowing to finance its acquisition of Mortgage-Backed Securities. The Company has elected to be taxed as a Real Estate Investment Trust and is self-advised and self-managed.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/5/2013 8:25 AM Hold
None
13.61
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -3.06 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/8/2008 9:25 AM Buy
None
17.60

(*) Stock Price at the time of the recommendation.
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