Deutsche Bank Maintains Buy Rating For NLY

Deutsche Bank Maintains Buy Rating For NLY Deutsche Bank has reported on the 1Q dividend of Annaly NLY and maintains its Buy Rating. According to the report, "Annaly's 1Q dividend beat our estimate of $0.60 per share and was down sequentially from $0.64 per share… We are maintaining our Buy rating, as we expect Annaly to continue generating strong returns as the portfolio benefits from slow prepayments and low funding costs. Should Annaly increase leverage more than expected, we believe an upside to earnings is possible." Annaly has a $20 PT and closed at $17.85 yesterday.