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Annaly Capital Management Inc (NLY) [hlAlert]

Neutral NLY
up 3.97 %

Annaly Capital Management Inc (NLY) downgraded to Neutral by Sterne Agee

Posted on: Thursday,  Mar 25, 2010  9:25 AM ET by Sterne Agee

Sterne Agee rated Neutral Annaly Capital Management Inc (NYSE: NLY) on 03/25/2010. Previously Sterne Agee rated Buy Annaly Capital Management Inc (NYSE: NLY)
on 10/29/2009., when the stock price was $17.38. Since then, Annaly Capital Management Inc has gained 3.97% as of 03/25/2010's recent price of $18.07.
If you would have followed the previous Sterne Agee's recommendation on NLY, you would have gained 3.97% of your investment in 147 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.

For more than a century, Sterne Agee has worked in the belief that succeed only when our clients thrive. For a brokerage firm to survive for more than 100 years is hard enough. One can only thrive that long, though, by ensuring that your clients thrive first. Sterne Agee is one of the oldest and largest privately held brokerage firms left in the industry. Sterne Agee is a member of the New York Stock Exchange, and a registered Broker Dealer. Sterne Agee offers clients all the advantages of a full-service firm, yet retain the flexibility and personal attention that are rarely found in the huge names. Sterne Agee's expertise includes retail and institutional brokerage; investment banking and underwriting; secondary trading of corporate, municipal, and government securities; and market making in over-the-counter stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2010 9:25 AM Hold
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD up  4.14 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/29/2009 8:25 AM Buy
17.38 19.75
9/30/2008 10:25 AM Buy
13.97 17.00

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