Annaly Capital Management (NYSE:NLY) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.
NLY has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, October 6th. ValuEngine lowered shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $12.21.
Shares of Annaly Capital Management (NLY) traded down $0.04 during trading on Thursday, reaching $10.50. 13,051,877 shares of the company’s stock were exchanged, compared to its average volume of 10,078,508. Annaly Capital Management has a 1 year low of $10.23 and a 1 year high of $12.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $12,190.00, a price-to-earnings ratio of 4.21, a P/E/G ratio of 1.98 and a beta of 0.22.
In other Annaly Capital Management news, CEO Kevin Keyes purchased 300,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $11.12 per share, for a total transaction of $3,336,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Wellington Denahan purchased 125,280 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $11.97 per share, for a total transaction of $1,499,601.60. Following the acquisition, the chairman now owns 1,798,414 shares of the company’s stock, valued at approximately $21,527,015.58. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 460,080 shares of company stock worth $5,239,984. 0.43% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HL Financial Services LLC raised its stake in Annaly Capital Management by 186.3% during the fourth quarter. HL Financial Services LLC now owns 110,880 shares of the real estate investment trust’s stock worth $1,318,000 after buying an additional 72,153 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Annaly Capital Management during the fourth quarter worth $1,706,000. LSV Asset Management raised its stake in Annaly Capital Management by 10.0% during the fourth quarter. LSV Asset Management now owns 22,726,268 shares of the real estate investment trust’s stock worth $270,215,000 after buying an additional 2,059,300 shares during the last quarter. Wesbanco Bank Inc. raised its stake in Annaly Capital Management by 14.4% during the fourth quarter. Wesbanco Bank Inc. now owns 55,626 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 7,000 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in Annaly Capital Management during the fourth quarter worth $332,000. 54.53% of the stock is owned by institutional investors and hedge funds.
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About Annaly Capital Management
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.
