Annaly Capital Management Inc (NLY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Annaly Capital Management Inc (NYSE:NLY) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $11.21.

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 price objective on shares of Annaly Capital Management in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, September 26th. BidaskClub upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, ValuEngine upgraded shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.

Shares of Annaly Capital Management (NYSE NLY) traded up $0.14 during midday trading on Friday, hitting $11.80. 9,930,000 shares of the stock were exchanged, compared to its average volume of 9,740,000. The company has a market capitalization of $13,680.00, a PE ratio of 9.75, a price-to-earnings-growth ratio of 2.26 and a beta of 0.23. Annaly Capital Management has a 52 week low of $9.83 and a 52 week high of $12.73. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.27.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $353.61 million for the quarter, compared to analysts’ expectations of $361.67 million. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. analysts forecast that Annaly Capital Management will post 1.2 EPS for the current fiscal year.

In other news, CEO Kevin Keyes acquired 300,000 shares of Annaly Capital Management stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $11.12 per share, with a total value of $3,336,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Donnell Segalas acquired 9,800 shares of Annaly Capital Management stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $11.34 per share, for a total transaction of $111,132.00. Following the completion of the purchase, the director now owns 102,450 shares in the company, valued at approximately $1,161,783. The disclosure for this purchase can be found here. Corporate insiders own 0.43% of the company’s stock.

Large investors have recently bought and sold shares of the company. Capstone Asset Management Co. boosted its stake in Annaly Capital Management by 1.2% during the second quarter. Capstone Asset Management Co. now owns 24,126 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 280 shares in the last quarter. US Bancorp DE boosted its stake in Annaly Capital Management by 3.5% during the second quarter. US Bancorp DE now owns 57,653 shares of the real estate investment trust’s stock worth $695,000 after acquiring an additional 1,928 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Annaly Capital Management by 15.0% during the second quarter. Russell Investments Group Ltd. now owns 2,278,258 shares of the real estate investment trust’s stock worth $27,440,000 after acquiring an additional 297,091 shares in the last quarter. FineMark National Bank & Trust bought a new position in Annaly Capital Management during the second quarter worth $165,000. Finally, NGAM Advisors L.P. boosted its stake in Annaly Capital Management by 5.2% during the second quarter. NGAM Advisors L.P. now owns 142,073 shares of the real estate investment trust’s stock worth $1,712,000 after acquiring an additional 7,032 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Annaly Capital Management (NYSE:NLY)

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