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Enter Symbol:
Rating: NLY
Underperform $10

Annaly Capital Management Inc (NYSE: NLY) downgraded to Underperform with price target $10 by FBR Capital

Wednesday,  Apr 8, 2015  8:25 AM ET by Betsy O'Brien Harrison

FBR Capital downgraded Annaly Capital Management Inc (NYSE: NLY) to Underperform with price target
$10. Previously FBR Capital downgraded to Annaly Capital Management Inc (NYSE: NLY) to Mkt Perform with price target $15.50 on 04/25/2013, when the stock price was $15.79.

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.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.

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