Annaly Capital Management Price Target Lowered to $12.00 at UBS AG (NLY)
UBS AG reduced their price target on shares of Annaly Capital Management (NYSE:NLY) from $14.00 to $12.00 in a research note issued on Friday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target points to a potential upside of 3.18% from the stock’s previous close.
Annaly Capital Management (NYSE:NLY) traded down 0.60% on Friday, hitting $11.63. The stock had a trading volume of 11,136,873 shares. Annaly Capital Management has a 52 week low of $10.63 and a 52 week high of $16.93. The stock’s 50-day moving average is $11. and its 200-day moving average is $13.44. The company has a market cap of $11.017 billion and a P/E ratio of 3.36. Annaly Capital Management also saw unusually large options trading on Thursday. Stock traders bought 76,988 call options on the stock. This represents an increase of approximately 660% compared to the average daily volume of 10,133 call options.
Annaly Capital Management (NYSE:NLY) last released its earnings data on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.15. The company had revenue of $460.60 million for the quarter, compared to the consensus estimate of $426.30 million. During the same quarter last year, the company posted $0.55 earnings per share. Annaly Capital Management’s revenue was down 15.7% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Tuesday, October 1st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 12.04%. The ex-dividend date is Friday, September 27th.
NLY has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $19.00 to $16.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Annaly Capital Management (NYSE:NLY) in a research note to investors on Monday, August 12th. They now have a $12.00 price target on the stock, up previously from $11.00. Finally, analysts at Wunderlich cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $13.50 to $12.50 in a research note to investors on Monday, August 12th. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $13.11.
Annaly Capital Management, Inc (NYSE:NLY) owns, manage, and finance a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans.
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