JMP Securities Reaffirms “Market Perform” Rating for Annaly Capital Management (NYSE:NLY)

Annaly Capital Management (NYSE:NLY)‘s stock had its “market perform” rating restated by research analysts at JMP Securities in a research report issued to clients and investors on Thursday, Benzinga reports.

Other research analysts have also recently issued reports about the stock. Compass Point initiated coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a report on Wednesday, March 27th. Jonestrading boosted their price objective on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, StockNews.com raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.19.

Annaly Capital Management Trading Up 1.4 %

Shares of NYSE NLY opened at $18.24 on Thursday. The firm’s 50 day moving average price is $19.11 and its 200-day moving average price is $18.60. The company has a market cap of $9.13 billion, a PE ratio of -5.05 and a beta of 1.54. Annaly Capital Management has a 52-week low of $14.52 and a 52-week high of $21.07. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22.

Insider Buying and Selling at Annaly Capital Management

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

Hedge Funds Weigh In On Annaly Capital Management

Hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its position in shares of Annaly Capital Management by 14.4% in the third quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock worth $40,324,000 after purchasing an additional 269,758 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of Annaly Capital Management by 4.2% in the third quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust’s stock worth $4,828,000 after purchasing an additional 10,404 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Annaly Capital Management in the fourth quarter worth approximately $2,721,000. LPL Financial LLC boosted its position in shares of Annaly Capital Management by 9.1% in the third quarter. LPL Financial LLC now owns 720,982 shares of the real estate investment trust’s stock worth $13,562,000 after purchasing an additional 59,883 shares during the period. Finally, Korea Investment CORP boosted its position in shares of Annaly Capital Management by 33.8% in the third quarter. Korea Investment CORP now owns 313,045 shares of the real estate investment trust’s stock worth $5,888,000 after purchasing an additional 79,038 shares during the period. 51.56% of the stock is currently owned by institutional investors.

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.