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Annaly Capital Management Inc (NLY) [hlAlert]

Rating:
Market Perform
NLY
down 38.86 %

Annaly Capital Management Inc (NLY) downgraded to Market Perform by Wells Fargo

Posted on: Friday,  Jan 15, 2016  10:25 AM ET by Wells Fargo

Wells Fargo rated Market Perform Annaly Capital Management Inc (NYSE: NLY) on 01/15/2016. Previously Wells Fargo rated Outperform Annaly Capital Management Inc (NYSE:
NLY) on 11/16/2012., when the stock price was $14.41. Since then, Annaly Capital Management Inc has lost 38.86% as of 01/15/2016's recent price of $8.81.
If you would have followed the previous Wells Fargo's recommendation on NLY, you would have lost 38.86% of your investment in 1155 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.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/15/2016 10:25 AM Hold
None
8.81
as of 8/27/2015
1 Week down  -2.01 %
1 Month up  3.02 %
3 Months up  0.88 %
1 YTD up  2.40 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/16/2012 8:25 AM Buy
None
14.41
10/18/2012 8:25 AM Hold
None
16.08
7/30/2012 8:25 AM Sell
None
17.33

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