Annaly Capital Management (NYSE:NLY) Stock Rating Lowered by Zacks Research

Key Points

• Annaly Capital Management has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating.
• Analysts have set varying price targets for the stock, with most recent predictions ranging from $20.00 to $21.50.
• The company reported $0.73 earnings per share, slightly exceeding expected earnings, contributing to a moderate buy consensus rating among analysts.

Annaly Capital Management (NYSE:NLY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the company. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Royal Bank Of Canada reduced their target price on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Piper Sandler decreased their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. UBS Group restated a "neutral" rating and issued a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Finally, Jones Trading reaffirmed a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $20.72.

Annaly Capital Management Trading Up 0.8%

NYSE:NLY opened at $20.9050 on Tuesday. The firm has a 50-day simple moving average of $19.96 and a 200-day simple moving average of $19.95. Annaly Capital Management has a one year low of $16.59 and a one year high of $22.11. The firm has a market cap of $13.42 billion, a P/E ratio of 20.70, a P/E/G ratio of 4.92 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Equities analysts anticipate that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Annaly Capital Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in Annaly Capital Management during the 1st quarter valued at about $25,000. Financial Gravity Companies Inc. purchased a new position in Annaly Capital Management during the 2nd quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new stake in Annaly Capital Management during the 1st quarter valued at approximately $28,000. Twin Tree Management LP purchased a new stake in shares of Annaly Capital Management in the 1st quarter valued at $29,000. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of Annaly Capital Management in the second quarter worth $28,000. Hedge funds and other institutional investors own 51.56% of the company's stock.

About Annaly Capital Management

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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