Investment analysts at Barclays assumed coverage on shares of Annaly Capital Management (NYSE:NLY - Get Free Report) in a report released on Monday, Marketbeat.com reports. The firm set an "equal weight" rating and a $19.00 price target on the real estate investment trust's stock. Barclays's price objective suggests a potential upside of 1.12% from the stock's current price.
Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company upgraded shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Argus raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.22.
Check Out Our Latest Stock Analysis on Annaly Capital Management
Annaly Capital Management Stock Down 1.0 %
Shares of NYSE:NLY traded down $0.19 during trading on Monday, hitting $18.79. 5,123,318 shares of the company were exchanged, compared to its average volume of 7,474,139. Annaly Capital Management has a 1-year low of $17.67 and a 1-year high of $21.11. The company has a market capitalization of $10.53 billion, a P/E ratio of -268.43 and a beta of 1.51. The business's 50 day moving average is $19.39 and its 200-day moving average is $19.74.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same period in the previous year, the company earned $0.66 EPS. As a group, sell-side analysts anticipate that Annaly Capital Management will post 2.65 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in NLY. Wellington Management Group LLP increased its stake 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 acquiring an additional 48,555 shares in the last quarter. Citigroup Inc. increased its stake in Annaly Capital Management by 22.6% in the third quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock valued at $13,091,000 after purchasing an additional 120,163 shares in the last quarter. Invst LLC acquired a new position in shares of Annaly Capital Management during the third quarter valued at about $741,000. Confluence Investment Management LLC bought a new position in shares of Annaly Capital Management during the 4th quarter worth about $1,110,000. Finally, Geode Capital Management LLC grew its stake in shares of Annaly Capital Management by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust's stock valued at $172,988,000 after buying an additional 241,465 shares during the period. 51.56% of the stock is owned by institutional investors.
About Annaly Capital Management
(
Get Free Report)
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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