Jones Trading Reaffirms Buy Rating for Annaly Capital Management (NYSE:NLY)

Annaly Capital Management (NYSE:NLY - Get Free Report)'s stock had its "buy" rating restated by analysts at Jones Trading in a research note issued to investors on Friday,Benzinga reports. They currently have a $21.00 price objective on the real estate investment trust's stock. Jones Trading's price target would suggest a potential upside of 8.14% from the company's previous close.

NLY has been the subject of a number of other research reports. Keefe, Bruyette & Woods decreased their price target on Annaly Capital Management from $21.00 to $20.15 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Barclays began coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target for the company. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.07.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $19.42 on Friday. The business's fifty day moving average price is $20.04 and its two-hundred day moving average price is $19.79. The stock has a market cap of $11.60 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 4.89 and a beta of 1.31. Annaly Capital Management has a one year low of $16.60 and a one year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The business had revenue of $186.64 million for the quarter, compared to the consensus estimate of $418.04 million. As a group, equities research analysts predict that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Annaly Capital Management

Several institutional investors and hedge funds have recently made changes to their positions in the business. Inlight Wealth Management LLC acquired a new stake in Annaly Capital Management during the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new position in Annaly Capital Management during the first quarter worth $28,000. Assetmark Inc. bought a new position in Annaly Capital Management in the fourth quarter valued at $31,000. Blue Trust Inc. increased its stake in Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 717 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Annaly Capital Management during the 1st quarter worth about $36,000. Institutional investors own 51.56% of the company's stock.

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.

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