Annaly Capital Management (NLY) Releases Quarterly Earnings Results
Annaly Capital Management (NYSE:NLY) released its earnings data on Tuesday. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.08, AR Network reports.
Annaly Capital Management (NYSE:NLY) traded up 0.83% during mid-day trading on Tuesday, hitting $10.87. 10,066,589 shares of the company’s stock traded hands. Annaly Capital Management has a 52 week low of $9.66 and a 52 week high of $16.18. The stock has a 50-day moving average of $10.57 and a 200-day moving average of $10.9. The company has a market cap of $10.298 billion and a price-to-earnings ratio of 3.13.
A number of research firms have recently commented on NLY. Analysts at Zacks upgraded shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 12th. They now have a $10.20 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Annaly Capital Management in a research note on Thursday, December 5th. They set a “sell” rating and a $9.50 price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.20.
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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