Annaly Capital Management's (NLY) Buy Rating Reiterated at Jones Trading

Annaly Capital Management (NYSE:NLY - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Jones Trading in a report issued on Thursday,Benzinga reports. They currently have a $21.00 price target on the real estate investment trust's stock. Jones Trading's target price would suggest a potential upside of 2.51% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada lowered their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. UBS Group restated a "neutral" rating and set a $20.00 price objective (up from $18.00) on shares of Annaly Capital Management in a research note on Thursday, July 10th. Finally, Piper Sandler reduced their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.90.

Annaly Capital Management Stock Up 0.2%

Shares of NYSE:NLY traded up $0.04 on Thursday, hitting $20.49. The company had a trading volume of 4,733,959 shares, compared to its average volume of 7,941,558. The firm's 50-day simple moving average is $19.32 and its two-hundred day simple moving average is $19.73. Annaly Capital Management has a 1 year low of $16.59 and a 1 year high of $22.11. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 4.48 and a beta of 1.22.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results 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. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The company had revenue of $273.20 million during the quarter, compared to analysts' expectations of $237.00 million. Equities research analysts anticipate that Annaly Capital Management will post 2.81 EPS for the current year.

Institutional Trading of Annaly Capital Management

Several large investors have recently added to or reduced their stakes in NLY. Inlight Wealth Management LLC bought a new position in shares of Annaly Capital Management in the first quarter worth approximately $25,000. Financial Gravity Asset Management Inc. bought a new position in shares of Annaly Capital Management during the 1st quarter valued at about $28,000. Twin Tree Management LP bought a new position in shares of Annaly Capital Management during the 1st quarter valued at about $29,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Annaly Capital Management during the 1st quarter valued at about $36,000. Finally, MCF Advisors LLC boosted its holdings in shares of Annaly Capital Management by 1,087.1% during the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,598 shares during the last quarter. 51.56% of the stock is currently owned by institutional investors.

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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