Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.80.
NLY has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Bank of America upgraded shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Compass Point upgraded shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a report on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Annaly Capital Management in a report on Friday, February 16th.
Annaly Capital Management (NLY) opened at $10.34 on Friday. The company has a market cap of $11,990.50, a price-to-earnings ratio of 7.77, a PEG ratio of 7.24 and a beta of 0.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.03 and a current ratio of 0.03. Annaly Capital Management has a fifty-two week low of $10.00 and a fifty-two week high of $12.73.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $426.71 million for the quarter, compared to analyst estimates of $370.80 million. Annaly Capital Management had a net margin of 72.18% and a return on equity of 11.66%. Annaly Capital Management’s revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. research analysts forecast that Annaly Capital Management will post 1.17 EPS for the current year.
In other news, insider Anthony C. Green bought 23,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $10.42 per share, for a total transaction of $242,265.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Daiwa SB Investments Ltd. lifted its holdings in Annaly Capital Management by 42.8% in the fourth quarter. Daiwa SB Investments Ltd. now owns 16,840 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 5,050 shares during the period. Mackenzie Financial Corp lifted its holdings in Annaly Capital Management by 3.7% in the fourth quarter. Mackenzie Financial Corp now owns 160,198 shares of the real estate investment trust’s stock valued at $1,905,000 after buying an additional 5,647 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Annaly Capital Management by 51.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,787 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 5,720 shares during the period. Comerica Bank lifted its holdings in Annaly Capital Management by 5.9% in the third quarter. Comerica Bank now owns 103,961 shares of the real estate investment trust’s stock valued at $1,202,000 after buying an additional 5,801 shares during the period. Finally, Westpac Banking Corp lifted its holdings in Annaly Capital Management by 9.6% in the fourth quarter. Westpac Banking Corp now owns 69,657 shares of the real estate investment trust’s stock valued at $828,000 after buying an additional 6,077 shares during the period. Institutional investors and hedge funds own 59.08% of the company’s stock.
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Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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