JPMorgan Chase & Co. Issues Positive Forecast for Annaly Capital Management (NYSE:NLY) Stock Price

Key Points

• JPMorgan Chase & Co. has raised its price target for Annaly Capital Management's stock from $21.00 to $22.00, indicating a potential upside of 4.15% from the current price.
• Annaly Capital Management is currently rated as "overweight" by JPMorgan, while the consensus among analysts suggests a Hold rating with a target price of $21.50.
• The company's stock experienced a 1.6% increase and was trading at $21.12, reflecting a robust performance compared to its 1-year low of $16.59 and high of $22.45.

Annaly Capital Management (NYSE:NLY - Get Free Report) had its price target raised by research analysts at JPMorgan Chase & Co. from $21.00 to $22.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 4.15% from the stock's current price.

Several other research analysts have also recently weighed in on NLY. Barclays set a $20.00 price objective on Annaly Capital Management and gave the stock a "cautious" rating in a research report on Monday, October 6th. Jones Trading reaffirmed a "buy" rating and set a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, July 24th. UBS Group upped their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada upped their price objective on Annaly Capital Management from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $21.50.

Annaly Capital Management Trading Up 1.6%

NYSE:NLY traded up $0.32 on Monday, reaching $21.12. The company's stock had a trading volume of 4,904,335 shares, compared to its average volume of 7,689,940. Annaly Capital Management has a 1-year low of $16.59 and a 1-year high of $22.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $13.56 billion, a PE ratio of 20.91, a PEG ratio of 4.93 and a beta of 1.25. The business's 50-day moving average price is $21.09 and its two-hundred day moving average price is $19.92.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its 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 return on equity of 15.53% and a net margin of 13.76%.The firm 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 earnings per share for the current fiscal year.

Institutional Trading of Annaly Capital Management

Several institutional investors and hedge funds have recently bought and sold shares of NLY. Inlight Wealth Management LLC bought a new stake in Annaly Capital Management during the first quarter worth about $25,000. Financial Gravity Companies Inc. bought a new stake in Annaly Capital Management during the second quarter worth about $25,000. Financial Gravity Asset Management Inc. bought a new stake in Annaly Capital Management during the first quarter worth about $28,000. Delos Wealth Advisors LLC bought a new stake in Annaly Capital Management in the second quarter valued at approximately $28,000. Finally, Twin Tree Management LP bought a new stake in Annaly Capital Management in the first quarter valued at approximately $29,000. 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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