Annaly Capital Management (NYSE:NLY) Price Target Increased to $23.50 by Analysts at Compass Point

Annaly Capital Management (NYSE:NLY) had its target price lifted by research analysts at Compass Point from $22.00 to $23.50 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Compass Point’s price target would suggest a potential upside of 18.81% from the stock’s current price.

Several other research firms also recently commented on NLY. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Janney Montgomery Scott initiated coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective on the stock. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Jonestrading reiterated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a research report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

Annaly Capital Management Stock Up 0.7 %

Shares of NYSE:NLY traded up $0.14 during trading on Friday, hitting $19.78. 553,513 shares of the company were exchanged, compared to its average volume of 3,541,013. Annaly Capital Management has a 1-year low of $14.52 and a 1-year high of $21.07. The company has a market capitalization of $9.90 billion, a P/E ratio of -20.36 and a beta of 1.54. The business’s 50 day moving average is $19.76 and its 200-day moving average is $19.41.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.28% and a negative net margin of 12.02%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, sell-side analysts anticipate that Annaly Capital Management will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates boosted its holdings in shares of Annaly Capital Management by 6.4% during the 4th quarter. Raymond James & Associates now owns 239,178 shares of the real estate investment trust’s stock worth $4,633,000 after buying an additional 14,302 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Annaly Capital Management by 79.2% during the fourth quarter. Pacer Advisors Inc. now owns 74,215 shares of the real estate investment trust’s stock worth $1,438,000 after acquiring an additional 32,792 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Annaly Capital Management by 331.7% in the fourth quarter. Global Retirement Partners LLC now owns 21,868 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 16,803 shares during the period. Activest Wealth Management bought a new stake in Annaly Capital Management in the fourth quarter valued at $50,000. Finally, Bell Bank raised its holdings in shares of Annaly Capital Management by 2.4% during the fourth quarter. Bell Bank now owns 116,489 shares of the real estate investment trust’s stock valued at $2,256,000 after purchasing an additional 2,703 shares during the period. Institutional investors own 51.56% of the company’s stock.

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.