Mortgage REIT giants downgraded at UBS • 8:08 AM
- In the wake of lame earnings and a dividend cut at American Capital Agency (NASDAQ:AGNC), not to mention management's cautious stance going forward, UBS downgrades the stock to Sell from Neutral. Gary Kain's other mREIT vehicle, American Capital Mortgage (NASDAQ:MTGE), is cut to Neutral from Buy.
- Also downgraded is AGNC's partner at the top of the mREIT food chain - Annaly Capital (NYSE:NLY) to Sell from Neutral.
- AGNC -1% premarket after yesterday's 2.2% decline. MTGE -1.3%, NLY -0.8%.
- Previously: American Capital earnings call: Hunkering down (April 28)
- Previously: American Capital Agency income and book value slip in Q1 (April 27)
- Previously: American Capital Agency declares $0.20 dividend (April 27)
NLY price at time of publication: $10.15. Check NLY price now »
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Press Releases on NLY
- Annaly Capital Management, Inc. Announces Dates of First Quarter 2015 Financial Results and Conference Call (Business Wire)
- Annaly Capital Management, Inc. Announces 1st Quarter 2015 Dividend of $0.30 per Share (Business Wire)
- Annaly Capital Management, Inc. Reports 4th Quarter 2014 Results (Business Wire)
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Transcripts on NLY
- Annaly Capital Management's (NLY) CEO Wellington Denahan on Q4 2014 Results - Earnings Call Transcript by SA Transcripts
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