Annaly Capital Management's (NLY) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Annaly Capital Management's stock received a **"Hold (C)" rating** reaffirmed by Weiss Ratings, indicating a cautious outlook from analysts.
• Multiple brokerages have recently upgraded their price targets for Annaly, with Keefe, Bruyette & Woods raising it from **$20.50 to $21.50** and Royal Bank of Canada increasing theirs to **$23.00**.
• The company's latest quarterly earnings report exceeded expectations, with an **EPS of $0.73**, surpassing the consensus estimate of **$0.72** by $0.01.

Annaly Capital Management (NYSE:NLY - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other brokerages also recently issued reports on NLY. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an "outperform" rating in a report on Friday, July 25th. Jones Trading restated a "buy" rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. UBS Group raised their price objective on shares of 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 raised their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Finally, Piper Sandler set a $22.50 price target on shares of Annaly Capital Management and gave the stock an "overweight" rating in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Annaly Capital Management has an average rating of "Hold" and a consensus target price of $21.13.

Annaly Capital Management Stock Performance

Annaly Capital Management stock traded up $0.23 during mid-day trading on Wednesday, reaching $20.83. The company had a trading volume of 1,965,774 shares, compared to its average volume of 7,744,919. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.21. Annaly Capital Management has a 52 week low of $16.59 and a 52 week high of $22.45. The company has a 50 day moving average of $21.07 and a 200-day moving average of $19.92. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 4.85 and a beta of 1.25.

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 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $273.20 million during 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%. On average, sell-side analysts expect that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Institutional Trading of Annaly Capital Management

A number of institutional investors have recently made changes to their positions in NLY. Inlight Wealth Management LLC bought a new stake in shares of Annaly Capital Management in the first quarter worth $25,000. Financial Gravity Companies Inc. acquired a new position in shares of Annaly Capital Management in the second quarter valued at $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Annaly Capital Management in the first quarter valued at $28,000. Delos Wealth Advisors LLC acquired a new position in shares of Annaly Capital Management in the second quarter valued at $28,000. Finally, Twin Tree Management LP acquired a new position in shares of Annaly Capital Management in the first quarter valued at $29,000. 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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