Nomura Securities Maintains a 'Neutral' on Annaly Capital (NLY); Review of Q1
Get Alerts NLY Hot Sheet
Price: $18.69 +0.59%
Rating Summary:
11 Buy, 12 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
11 Buy, 12 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Annaly Capital Management (NYSE: NLY) price target of $16.50.
Analyst, Bill Carcache, said, "NLY reported adjusted EPS (excluding the impact of unrealized gains and losses on interest rate swaps) of $0.54, vs. our estimate of $0.52 and consensus of $0.48. NLY managed to generate a reasonably attractive risk-adjusted ROE (including realized gains) of 13.3%. As expected, the company cut its dividend to $0.55 (from $0.57 previously). We remain cautious on NLY’s ability to sustain the current dividend and are expecting another cut in 2Q12 (to $0.53)...Our 2012E/2013E EPS is $2.12/$2.29 vs. Street at $1.96/$2.07, respectively."
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 $16.51 yesterday.
Analyst, Bill Carcache, said, "NLY reported adjusted EPS (excluding the impact of unrealized gains and losses on interest rate swaps) of $0.54, vs. our estimate of $0.52 and consensus of $0.48. NLY managed to generate a reasonably attractive risk-adjusted ROE (including realized gains) of 13.3%. As expected, the company cut its dividend to $0.55 (from $0.57 previously). We remain cautious on NLY’s ability to sustain the current dividend and are expecting another cut in 2Q12 (to $0.53)...Our 2012E/2013E EPS is $2.12/$2.29 vs. Street at $1.96/$2.07, respectively."
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 $16.51 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amazon.com (AMZN) PT Raised to $215 at UBS
- META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
- Acrivon Therapeutics Inc (ACRV) PT Lowered to $22 at Jones Trading
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Nomura, DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!