- Compass Point joins Nomura in upgrading Annaly Capital (NLY -0.1%) and American Capital Agency (AGNC -0.1%) to Buy, with price targets of $11 and $22, respectively.
- "The sector valuation, improved fundamentals, combined with a reversal in benchmark interest rates (namely the 10-year UST) and a change in group sentiment have led us to upgrade our opinion on this out of favor group," says analyst Jason Steward, boosting his outlook on the entire agency mREIT space to positive.
- Also standing to benefit, says Steward, is CYS Investments (CYS -0.4%).
- ETFs: MORL, REM, MORT, LMBS
- Previously: Nomura gets bullish on mortgage REITs (Aug. 12)
Mortgage REIT giants get 2nd upgrade in two days
Recommended For You
About NLY Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
NLY | - | - |
Annaly Capital Management, Inc. |