FBR Capital Reiterates an 'Outperform' on Annaly Capital Management (NLY); A Return to Spread Expansion
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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
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FBR Capital reiterates an 'Outperform' on Annaly Capital Management (NYSE: NLY), PT $20.
FBR analyst says, "With a historically steep yield curve, the FOMC estimated to be on hold for the foreseeable future, and declining prepayment speeds, we continue to believe that the operating environment is set up for Annaly to deliver mid- to high-teen ROEs, and likewise dividend yields, for the foreseeable future...As the market continues to get a clearer picture of the longevity of Annaly's earnings and dividend stream, we believe it is feasible for shares to trade to a tighter dividend yield than the current approximate 1,000+ bps delta to 10-year Treasuries."
For more ratings news on Annaly Capital Management click here and for the rating history of Annaly Capital Management click here.
Shares of Annaly Capital Management closed at $18.07 yesterday.
FBR analyst says, "With a historically steep yield curve, the FOMC estimated to be on hold for the foreseeable future, and declining prepayment speeds, we continue to believe that the operating environment is set up for Annaly to deliver mid- to high-teen ROEs, and likewise dividend yields, for the foreseeable future...As the market continues to get a clearer picture of the longevity of Annaly's earnings and dividend stream, we believe it is feasible for shares to trade to a tighter dividend yield than the current approximate 1,000+ bps delta to 10-year Treasuries."
For more ratings news on Annaly Capital Management click here and for the rating history of Annaly Capital Management click here.
Shares of Annaly Capital Management closed at $18.07 yesterday.
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