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Annaly Capital Management Inc (NLY) [hlAlert]

Hold NLY
up 14.59 %

Annaly Capital Management Inc (NLY) downgraded to Hold with price target $17 by Citigroup

Posted on: Thursday,  May 1, 2008  8:25 AM ET by Citigroup

Citigroup rated Hold Annaly Capital Management Inc (NYSE: NLY) on 05/01/2008. Previously Citigroup rated Buy Annaly Capital Management Inc (NYSE: NLY) on
07/27/2007., when the stock price was $14.53. Since then, Annaly Capital Management Inc has gained 14.59% as of 05/01/2008's recent price of $16.65.
If you would have followed the previous Citigroup's recommendation on NLY, you would have gained 14.59% of your investment in 279 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/1/2008 8:25 AM Hold
16.65 17.00
as of 12/24/2008
1 Week down  -0.07 %
1 Month down  -2.17 %
3 Months down  -6.00 %
1 YTD down  -18.78 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/27/2007 9:25 AM Buy

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