Wunderlich Securities Reiterated Buy and PT of $19 on Annaly Capital Management

Wunderlich Securities reiterated its Buy rating on Annaly Capital Management NLY. At the same time, Wunderlich left its price target on the company's stock unchanged at $19. In a research report published today, Wunderlich states, "The company's $100 billion portfolio is small in the context of the $10 trillion housing finance secondary market, but on the margin, the REIT's tax advantages put it on par with depository institutions from a cost-of-capital perspective. We rate NLY shares Buy with a $19 price target." On Tuesday, Annaly added 0.49% to its value to close the day at $18.29.