Annaly Capital Management (NYSE:NLY) Earns "Buy" Rating from Jones Trading

Key Points

• Annaly Capital Management has received a "buy" rating from Jones Trading, with a target price of $22.00, suggesting a potential upside of 5.14% from the company's previous close of $20.93.
• While six analysts have rated the stock as a "Buy," the consensus rating remains a "Hold" with an average price target of $21.63.
• The company reported $0.73 EPS for the last quarter, exceeding analyst expectations and showcasing strong revenue of $885.58 million against a forecast of $493.55 million.

Annaly Capital Management (NYSE:NLY - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Jones Trading in a research report issued on Thursday,Benzinga reports. They currently have a $22.00 price target on the real estate investment trust's stock. Jones Trading's price objective suggests a potential upside of 5.14% from the company's previous close.

Several other analysts also recently weighed in on NLY. Zacks Research downgraded Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Keefe, Bruyette & Woods increased their target price on Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a research report on Friday, July 25th. UBS Group increased their target price on Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada increased their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Finally, Barclays set a $20.00 price target on Annaly Capital Management and gave the company a "cautious" rating in a research note on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Annaly Capital Management currently has a consensus rating of "Hold" and an average price target of $21.63.

Annaly Capital Management Stock Performance

Shares of NLY stock traded down $0.38 during trading on Thursday, reaching $20.93. 8,371,331 shares of the company's stock were exchanged, compared to its average volume of 7,687,522. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $13.44 billion, a PE ratio of 20.72, a PEG ratio of 4.98 and a beta of 1.25. Annaly Capital Management has a twelve month low of $16.59 and a twelve month high of $22.45. The firm's fifty day moving average price is $21.13 and its 200-day moving average price is $19.95.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $885.58 million for the quarter, compared to analyst estimates of $493.55 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. As a group, sell-side analysts anticipate that Annaly Capital Management will post 2.81 EPS for the current year.

Institutional Trading of Annaly Capital Management

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Annaly Capital Management by 4.2% during the second quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust's stock worth $1,104,761,000 after acquiring an additional 2,344,867 shares during the period. State Street Corp grew its position in Annaly Capital Management by 2.8% during the second quarter. State Street Corp now owns 22,683,988 shares of the real estate investment trust's stock worth $442,136,000 after buying an additional 611,817 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Annaly Capital Management by 6.8% in the 2nd quarter. Geode Capital Management LLC now owns 14,926,231 shares of the real estate investment trust's stock worth $280,535,000 after purchasing an additional 949,260 shares in the last quarter. Norges Bank bought a new position in Annaly Capital Management during the 2nd quarter valued at approximately $130,626,000. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Annaly Capital Management in the 2nd quarter worth approximately $100,216,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.