Annaly Capital Management Receives “Market Perform” Rating from Keefe, Bruyette & Woods (NLY)
Annaly Capital Management (NYSE:NLY)‘s stock had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. They currently have a $13.00 target price on the stock, up from their previous target price of $12.25. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 13.54% from the stock’s previous close.
Shares of Annaly Capital Management (NYSE:NLY) opened at 11.45 on Friday. Annaly Capital Management has a 52 week low of $9.66 and a 52 week high of $12.61. The stock’s 50-day moving average is $11.32 and its 200-day moving average is $11.27. The company has a market cap of $10.849 billion and a P/E ratio of 17.76.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.03. During the same quarter last year, the company posted $0.40 earnings per share. On average, analysts predict that Annaly Capital Management will post $1.12 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Compass Point reiterated a “neutral” rating on shares of Annaly Capital Management in a research note on Thursday. They now have a $12.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of Annaly Capital Management from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $12.75 price target on the stock, up previously from $10.25. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Annaly Capital Management in a research note on Thursday, June 12th. They now have a $12.00 price target on the stock, up previously from $11.50. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Annaly Capital Management has a consensus rating of “Hold” and a consensus price target of $12.09.
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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