Nomura Securities Maintains a 'Neutral' on Annaly Capital Management (NLY); Q1 Review

Nomura Securities maintains a 'Neutral' on Annaly Capital Management (NYSE: NLY) price target of $16.50

Analyst, Bill Carcache, said, "Excluding the impact of unrealized gains and losses on interest-rate swaps, Annaly reported 1Q12 EPS of $0.54 per share, slightly ahead of our estimate of $0.52 and consensus of $0.48. The $0.02 beat relative to our estimates was driven by lower-than expected realized losses on interest-rate swaps. NLY cut its dividend by $0.02 in 1Q12 from $0.57 to $0.55 (as previously announced). Consensus is looking for another $0.03 cut next quarter."

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 $16.29 yesterday.

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