UBS Group Increases Annaly Capital Management (NYSE:NLY) Price Target to $21.00

Key Points

• UBS Group has raised the target price for Annaly Capital Management (NYSE:NLY) from $20.00 to $21.00, maintaining a "neutral" rating despite indicating a potential downside from the current price.
• Recent earnings for Annaly showed a profit of $0.73 per share, slightly beating the consensus estimate, with revenues reaching $273.2 million, surpassing expectations.
• Most analysts rate Annaly Capital Management as a "Moderate Buy," with an average target price of $20.83, supported by multiple firms adjusting their ratings and target prices in the past weeks.

Annaly Capital Management (NYSE:NLY - Get Free Report) had its target price boosted by investment analysts at UBS Group from $20.00 to $21.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price indicates a potential downside of 1.15% from the stock's current price.

NLY has been the topic of a number of other research reports. Jones Trading restated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, July 24th. Keefe, Bruyette & Woods lifted their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a report on Friday, July 25th. Royal Bank Of Canada cut their price target on shares of Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Finally, Zacks Research lowered shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Annaly Capital Management has an average rating of "Moderate Buy" and an average target price of $20.83.

Annaly Capital Management Trading Up 0.9%

Shares of NYSE:NLY opened at $21.25 on Wednesday. Annaly Capital Management has a 52-week low of $16.59 and a 52-week high of $22.11. The company has a market capitalization of $13.64 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 5.02 and a beta of 1.24. The company has a 50-day simple moving average of $20.28 and a 200 day simple moving average of $19.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.11 and a current ratio of 0.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $273.20 million for the quarter, compared to analysts' expectations of $237.00 million. Annaly Capital Management had a net margin of 13.76% and a return on equity of 15.53%. Sell-side analysts forecast that Annaly Capital Management will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NLY. Inlight Wealth Management LLC purchased a new stake in shares of Annaly Capital Management during the 1st quarter valued at approximately $25,000. Financial Gravity Companies Inc. purchased a new stake in Annaly Capital Management in the 2nd quarter worth approximately $25,000. Financial Gravity Asset Management Inc. purchased a new stake in Annaly Capital Management in the 1st quarter worth approximately $28,000. Delos Wealth Advisors LLC purchased a new stake in Annaly Capital Management in the 2nd quarter worth approximately $28,000. Finally, Twin Tree Management LP purchased a new stake in Annaly Capital Management in the 1st quarter worth approximately $29,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

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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