Annaly Capital Management (NYSE:NLY) Price Target Cut to $20.15 by Analysts at Keefe, Bruyette & Woods

Annaly Capital Management (NYSE:NLY - Get Free Report) had its price target cut by stock analysts at Keefe, Bruyette & Woods from $21.00 to $20.15 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 15.24% from the stock's current price.

NLY has been the subject of several other research reports. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. 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. upped their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Annaly Capital Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.29.

Annaly Capital Management Trading Up 1.1 %

NYSE NLY traded up $0.19 on Tuesday, hitting $17.49. The company's stock had a trading volume of 12,507,040 shares, compared to its average volume of 5,867,064. Annaly Capital Management has a 52-week low of $16.60 and a 52-week high of $22.11. The firm has a market cap of $10.45 billion, a P/E ratio of 11.00, a PEG ratio of 4.89 and a beta of 1.31. The company's 50-day simple moving average is $20.74 and its 200 day simple moving average is $19.91.

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

Institutional Investors Weigh In On Annaly Capital Management

Several large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted 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 during the last quarter. Norges Bank purchased a new stake in Annaly Capital Management in the fourth quarter worth approximately $127,397,000. Vanguard Group Inc. boosted its holdings in Annaly Capital Management by 12.0% in 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 during the last quarter. KBC Group NV grew its position in Annaly Capital Management by 238.9% in the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after purchasing an additional 3,664,098 shares during the period. Finally, Northern Trust Corp raised its stake in Annaly Capital Management by 90.6% during the 4th 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 during the last quarter. 51.56% of the stock is currently 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.