Weiss Ratings Reaffirms "Hold (C)" Rating for Annaly Capital Management (NYSE:NLY)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for Annaly Capital Management (NYSE:NLY) amid mixed assessments from other analysts.
• The stock's average price target is $21.63, with six analysts rating it as a Buy, four as Hold, and one as Sell.
• Annaly reported earnings of $0.73 per share, exceeding estimates, alongside robust quarterly revenue of $885.58 million.

Annaly Capital Management (NYSE:NLY - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the stock. Jones Trading restated a "buy" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Thursday. Royal Bank Of Canada lifted their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 15th. UBS Group lifted their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Monday. Finally, Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the company an "overweight" rating in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $21.63.

Annaly Capital Management Trading Up 0.3%

Shares of Annaly Capital Management stock traded up $0.07 on Friday, reaching $20.96. The company had a trading volume of 7,075,122 shares, compared to its average volume of 7,675,605. The firm's 50 day moving average price is $21.13 and its two-hundred day moving average price is $19.97. The firm has a market cap of $13.46 billion, a PE ratio of 9.70, a PEG ratio of 5.04 and a beta of 1.25. Annaly Capital Management has a 52-week low of $16.59 and a 52-week 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.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. 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. The business had revenue of $885.58 million for the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 16.53%. Sell-side 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 have recently modified their holdings of the stock. Guidance Point Advisors LLC lifted its position in shares of Annaly Capital Management by 3.1% during the 1st quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust's stock worth $346,000 after buying an additional 519 shares during the last quarter. Jupiter Wealth Management LLC lifted its position in shares of Annaly Capital Management by 3.4% during the 2nd quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust's stock worth $347,000 after buying an additional 551 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Annaly Capital Management by 3.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 16,638 shares of the real estate investment trust's stock worth $336,000 after buying an additional 562 shares during the last quarter. Quadcap Wealth Management LLC lifted its position in shares of Annaly Capital Management by 2.9% during the 2nd quarter. Quadcap Wealth Management LLC now owns 20,367 shares of the real estate investment trust's stock worth $383,000 after buying an additional 572 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Annaly Capital Management by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 71,328 shares of the real estate investment trust's stock worth $1,350,000 after buying an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 51.56% 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; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.