Annaly Capital Management (NLY) Misses Q1 EPS by 5c
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FBR Capital Lowers Annaly Capital Management (NLY) PT Following Earnings Miss
May 7, 2015 7:13 AM EDTFBR Capital maintains an Underperform rating on Annaly Capital Management, Inc. (NYSE: NLY) and lowers the price target to $9.50 (from $10) after an earnings miss in 1Q15. Clearly the miss came from a higher-than-expected premium expense due to faster prepayments.
FBR analyst Daniel Altscher commented on Annaly, saying, "In our April 8, 2015 downgrade note Stuck between a Large Rock and a Hard Place; Downgrading Annaly to Underperform we cited that Annaly was... More
