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Annaly Capital Downgraded to “Hold” at Stifel Nicolaus (NLY)

By Dividend.com,  March 04, 2011, 08:54:32 AM EDT

Mortgage securities firm Annaly Capital Management, Inc. ( NLY ) on Friday caught a downgrade from analysts at Stifel Nicolaus.

The firm said it cut its rating on NLY from "Buy" to "Hold." The stock, which has been a favorite of many dividend investors over the past few years due its extremely high yield, has been nearly unchanged year-to-date thus far.

Annaly Capital shares were mostly flat in premarket trading Friday.

The Bottom Line
Shares of Annaly Capital ( NLY ) have a 14.29% dividend yield, based on last night's closing stock price of $17.91. The stock has technical support in the $15.50-$16 price area. If the shares can firm up, we see overhead resistance around the $19 price level.

Annaly Capital Management, Inc. ( NLY ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: NLY



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