Annaly Capital Management (NYSE:NLY) Sets New 52-Week High - Time to Buy?

Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $22.11 and last traded at $21.96, with a volume of 437681 shares trading hands. The stock had previously closed at $21.85.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NLY. Barclays assumed coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective for the company. JPMorgan Chase & Co. increased 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.44.

Annaly Capital Management Stock Performance

The company's fifty day moving average price is $20.31 and its two-hundred day moving average price is $19.94. The firm has a market capitalization of $12.21 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 4.89 and a beta of 1.53.

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Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share 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%. On average, equities analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Annaly Capital Management by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock valued at $630,007,000 after acquiring an additional 8,272,674 shares in the last quarter. Norges Bank purchased a new position in Annaly Capital Management in the fourth quarter valued at about $127,397,000. Vanguard Group Inc. lifted its stake in shares of Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares in the last quarter. KBC Group NV boosted its position in shares of Annaly Capital Management by 238.9% in the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after buying an additional 3,664,098 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Annaly Capital Management by 90.6% in the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock valued at $138,853,000 after buying an additional 3,606,366 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

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.