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Rating: NLY

Annaly Capital Management Inc (NYSE: NLY) downgraded to Neutral by Compass Point

Monday,  Mar 24, 2014  9:25 AM ET by Lynn Gilbert

Compass Point downgraded Annaly Capital Management Inc (NYSE: NLY) to Neutral. Previously,
Compass Point rated Annaly Capital Management Inc (NYSE: NLY) to Buy with price target $13.50 on 08/09/2013, when the stock price was valued at $12.09.

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.

Compass Point is a financial services firm comprised of specialized professionals in the areas of research, sales, trading and investment banking. We seek to be our client's advisor of choice.

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