Annaly Capital Management (NYSE:NLY) Rating Increased to Buy at StockNews.com

Annaly Capital Management (NYSE:NLYGet Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 price target on shares of Annaly Capital Management in a report on Wednesday, March 27th. Jonestrading reaffirmed a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, April 25th. Janney Montgomery Scott started coverage on Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 target price on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Finally, Compass Point started coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.07.

Check Out Our Latest Stock Analysis on NLY

Annaly Capital Management Stock Up 1.9 %

NYSE:NLY opened at $19.39 on Thursday. The business’s 50 day moving average is $19.68 and its two-hundred day moving average is $19.36. Annaly Capital Management has a 52 week low of $14.52 and a 52 week high of $21.07. The company has a market cap of $9.70 billion, a PE ratio of -19.98 and a beta of 1.54.

Annaly Capital Management (NYSE:NLYGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same quarter last year, the business posted $0.81 EPS. As a group, sell-side analysts expect that Annaly Capital Management will post 2.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Annaly Capital Management

A number of hedge funds have recently modified their holdings of NLY. Norges Bank acquired a new position in shares of Annaly Capital Management in the 4th quarter worth $110,244,000. Balyasny Asset Management L.P. grew its holdings in shares of Annaly Capital Management by 159.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock valued at $118,524,000 after buying an additional 3,762,652 shares in the last quarter. Algebris UK Ltd grew its holdings in shares of Annaly Capital Management by 195.9% during the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock valued at $87,532,000 after buying an additional 2,671,236 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Annaly Capital Management by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after buying an additional 1,619,729 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Annaly Capital Management by 1,505.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock valued at $32,482,000 after buying an additional 1,572,487 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Company Profile

(Get Free Report)

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.

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