Annaly Capital (NLY -1.1%) is downgraded to Sell at Morgan Stanley. No details are yet...

|About: Annaly Capital Managemen... (NLY)|By:, SA News Editor

Annaly Capital (NLY -1.1%) is downgraded to Sell at Morgan Stanley. No details are yet available, but with MBS yields falling, it's crystal clear more dividend cuts are on the way for the mREIT sector (though rising MBS prices may delay that for another quarter). On absolute terms mREITs may be overpriced, but relative to other income opportunities they still look to have value.