StockNews.com Downgrades Annaly Capital Management (NYSE:NLY) to Sell

Annaly Capital Management (NYSE:NLY - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.

Several other brokerages have also weighed in on NLY. Keefe, Bruyette & Woods raised their target price on Annaly Capital Management from $17.00 to $21.50 and gave the stock an "outperform" rating in a research report on Wednesday, December 13th. UBS Group reissued a "neutral" rating and set a $19.00 target price on shares of Annaly Capital Management in a research report on Wednesday, December 6th. Finally, Royal Bank of Canada raised their target price on Annaly Capital Management from $18.00 to $21.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $21.07.

Annaly Capital Management Price Performance

Shares of NYSE NLY opened at $19.19 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.11 and a current ratio of 1.11. Annaly Capital Management has a fifty-two week low of $14.52 and a fifty-two week high of $24.43. The firm has a market capitalization of $9.60 billion, a PE ratio of -4.09 and a beta of 1.53. The stock's 50-day simple moving average is $18.85 and its 200-day simple moving average is $18.92.

Insider Transactions at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the company's stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $17.04, for a total transaction of $852,000.00. Following the completion of the sale, the chief executive officer now owns 545,259 shares in the company, valued at $9,291,213.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Global Retirement Partners LLC raised its position in Annaly Capital Management by 331.7% in the fourth quarter. Global Retirement Partners LLC now owns 21,868 shares of the real estate investment trust's stock worth $423,000 after acquiring an additional 16,803 shares in the last quarter. Values First Advisors Inc. raised its position in Annaly Capital Management by 17.3% in the fourth quarter. Values First Advisors Inc. now owns 25,809 shares of the real estate investment trust's stock worth $500,000 after acquiring an additional 3,812 shares in the last quarter. Reitz Capital Advisors LLC raised its position in Annaly Capital Management by 16.3% in the fourth quarter. Reitz Capital Advisors LLC now owns 12,912 shares of the real estate investment trust's stock worth $250,000 after acquiring an additional 1,813 shares in the last quarter. PFG Investments LLC grew its holdings in Annaly Capital Management by 69.1% in the fourth quarter. PFG Investments LLC now owns 36,042 shares of the real estate investment trust's stock valued at $698,000 after purchasing an additional 14,728 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC acquired a new stake in Annaly Capital Management in the fourth quarter valued at $217,000. Hedge funds and other institutional investors own 49.16% 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; residential mortgage loans; and agency or private label credit risk transfer securities.

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