Annaly Capital Management's (NLY) Market Perform Rating Reaffirmed at JMP Securities

Annaly Capital Management (NYSE:NLY - Get Free Report)'s stock had its "market perform" rating restated by investment analysts at JMP Securities in a research report issued on Thursday, Benzinga reports.

Several other research analysts also recently commented on NLY. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $21.50 price objective on shares of Annaly Capital Management in a report on Wednesday, March 27th. StockNews.com upgraded shares of Annaly Capital Management from a "sell" rating to a "hold" rating in a research report on Saturday, January 27th. Jonestrading upped their target price on shares of Annaly Capital Management from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Compass Point assumed coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They set a "buy" rating and a $22.00 target price on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.19.

Annaly Capital Management Price Performance

Shares of NLY traded up $0.11 during midday trading on Thursday, hitting $17.99. 2,530,585 shares of the company traded hands, compared to its average volume of 3,605,164. The firm has a 50 day moving average of $19.12 and a 200-day moving average of $18.60. Annaly Capital Management has a 52 week low of $14.52 and a 52 week high of $21.07. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of -4.98 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22.

Insider Activity

In related news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the transaction, the chief executive officer now directly owns 662,469 shares of the company's stock, valued at $12,606,785.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Annaly Capital Management

Several institutional investors have recently bought and sold shares of the business. Equitable Holdings Inc. increased its holdings in Annaly Capital Management by 3.1% during the fourth quarter. Equitable Holdings Inc. now owns 17,455 shares of the real estate investment trust's stock valued at $368,000 after buying an additional 523 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Annaly Capital Management by 2.8% during the second quarter. Integrated Wealth Concepts LLC now owns 19,284 shares of the real estate investment trust's stock valued at $386,000 after buying an additional 524 shares during the period. Profund Advisors LLC increased its holdings in Annaly Capital Management by 4.2% during the fourth quarter. Profund Advisors LLC now owns 13,868 shares of the real estate investment trust's stock valued at $269,000 after buying an additional 560 shares during the period. Sunbelt Securities Inc. increased its holdings in Annaly Capital Management by 6.0% during the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust's stock valued at $196,000 after buying an additional 562 shares during the period. Finally, Family Asset Management LLC grew its holdings in Annaly Capital Management by 2.7% in the fourth quarter. Family Asset Management LLC now owns 22,961 shares of the real estate investment trust's stock worth $445,000 after purchasing an additional 596 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

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.