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Annaly Capital Management Inc (NLY) [hlAlert]

Rating:
Neutral NLY
up 9.45 %

Annaly Capital Management Inc (NLY) downgraded to Neutral with price target $17 by UBS

Posted on: Friday,  Sep 23, 2011  12:25 PM ET by UBS

UBS rated Neutral Annaly Capital Management Inc (NYSE: NLY) on 09/23/2011. Previously UBS rated Buy Annaly Capital Management Inc (NYSE: NLY) on
10/15/2007., when the stock price was $15.97. Since then, Annaly Capital Management Inc has gained 9.46% as of 09/23/2011's recent price of $17.48.
If you would have followed the previous UBS's recommendation on NLY, you would have gained 9.45% of your investment in 1439 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/23/2011 12:25 PM Hold
None
17.48 17.00
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD down  -2.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/15/2007 9:25 AM Buy
None
15.97

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