Royal Bank of Canada Reiterates "Outperform" Rating for Annaly Capital Management (NYSE:NLY)

Annaly Capital Management (NYSE:NLY - Get Free Report)'s stock had its "outperform" rating reaffirmed by research analysts at Royal Bank of Canada in a report issued on Monday,Benzinga reports. They presently have a $22.00 price objective on the real estate investment trust's stock. Royal Bank of Canada's target price points to a potential upside of 5.39% from the stock's previous close.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Barclays initiated coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 price target for the company. Finally, Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Annaly Capital Management has an average rating of "Moderate Buy" and an average price target of $21.44.

Annaly Capital Management Trading Up 0.8 %

Shares of NLY traded up $0.18 during mid-day trading on Monday, reaching $20.88. 3,998,752 shares of the company's stock traded hands, compared to its average volume of 6,535,907. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.12 and a quick ratio of 0.08. The stock's 50-day moving average is $19.41 and its two-hundred day moving average is $19.72. Annaly Capital Management has a 12 month low of $17.67 and a 12 month high of $21.11. The stock has a market cap of $11.70 billion, a P/E ratio of 13.13, a P/E/G ratio of 4.66 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. Research analysts forecast that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Stratos Wealth Advisors LLC grew its stake in Annaly Capital Management by 93.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock valued at $5,043,000 after purchasing an additional 132,891 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Annaly Capital Management by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock valued at $10,780,000 after buying an additional 48,555 shares in the last quarter. Citigroup Inc. raised its stake in shares of Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock worth $13,091,000 after acquiring an additional 120,163 shares in the last quarter. Howard Financial Services LTD. acquired a new stake in Annaly Capital Management in the fourth quarter valued at approximately $527,000. Finally, Tandem Financial LLC purchased a new position in Annaly Capital Management in the fourth quarter worth $327,000. 51.56% of the stock is owned by 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.