Annaly Capital Management (NYSE:NLY) Given “Buy” Rating at Jonestrading

Annaly Capital Management (NYSE:NLY)‘s stock had its “buy” rating reissued by equities researchers at Jonestrading in a research note issued to investors on Thursday, Benzinga reports. They currently have a $21.00 target price on the real estate investment trust’s stock. Jonestrading’s target price would indicate a potential upside of 11.23% from the company’s previous close.

Other analysts also recently issued reports about the company. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Compass Point assumed coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price for the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.07.

Annaly Capital Management Stock Performance

NLY stock opened at $18.88 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50-day moving average price of $19.11 and a 200 day moving average price of $18.62. The company has a market capitalization of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. Annaly Capital Management has a 1-year low of $14.52 and a 1-year high of $21.07.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a positive return on equity of 15.20% and a negative net margin of 8.38%. During the same period in the previous year, the company posted $0.81 earnings per share. As a group, equities research analysts forecast that Annaly Capital Management will post 2.57 EPS for the current fiscal year.

Insider Activity at Annaly Capital Management

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the sale, the chief executive officer now owns 662,469 shares in the company, valued at $12,606,785.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Annaly Capital Management

Large investors have recently bought and sold shares of the company. Selway Asset Management purchased a new stake in Annaly Capital Management in the third quarter valued at approximately $26,000. Core Wealth Advisors Inc. boosted its position in Annaly Capital Management by 222.2% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,000 shares during the last quarter. Rise Advisors LLC purchased a new stake in Annaly Capital Management in the first quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $33,000. Finally, First United Bank & Trust purchased a new stake in Annaly Capital Management in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.