Sterne Agee Adjusts 2011 and 2012 EPS Estimates On NLY

Sterne Agee reports that after reviewing the quarter's results and adjusting its prepayment, funding, and investment level estimates, “we are raising our 2011 EPS estimate from $2.40 to $2.48 and raising our 2012 estimate from $2.33 to $2.55,” on shares of Annaly Capital Management, Inc. (NYSE: NLY).

Annaly Capital Management close Friday at $17.95.