Barclays Reiterates an 'Overweight' on Annaly Capital (NLY); Q4 Review: Conservativeness To Pressue Yield

Barclays reiterates an 'Overweight' on Annaly Capital Management (NYSE: NLY) price target of $18.00.

Analyst, Mark C. DeVries, said, "Despite our view for further earnings and dividend reductions, we still think NLY will provide an attractive total return, particularly when viewed against the broader market. While peers may have more appetite for risk and consequently higher returns, NLY's conservative management should provide downside risk while also yielding in the low-teens."

DeVries lowers FY12 EPS estimate from $2.30 to $2.03 and introduces FY13 of $2.10.

For an analyst ratings summary and ratings history on Annaly Capital Management click here. For more ratings news on Annaly Capital Management click here.

Shares of Annaly Capital Management closed at $16.55 yesterday, with a 52 week range of $14.05-$18.79.

---

Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• Barclays maintains an 'Equalweight' on Tech Data (TECD); Slight Adjustments on Q1 Results
• Barclays Reiterates an 'Overweight' on Precision Castparts (PCP); Raising Numbers as Q4 Ahead of Expectations
• Auriga Maintains a 'Buy' on DSW Inc. (DSW); Guidance and Dividend Raised on Strong Q1

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Barclays, Dividend, Earnings

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter