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.
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.
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