Annaly Capital Management (NYSE:NLY) PT Lowered to $21.00

Annaly Capital Management (NYSE:NLY) had its target price reduced by investment analysts at JPMorgan Chase & Co. from $22.00 to $21.00 in a report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 7.75% from the stock’s previous close.

Several other equities analysts also recently weighed in on NLY. StockNews.com downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, Compass Point raised their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

Annaly Capital Management Trading Down 1.1 %

NLY stock opened at $19.49 on Friday. The company has a market cap of $10.49 billion, a price-to-earnings ratio of -14.65 and a beta of 1.51. The firm has a 50 day moving average of $20.09 and a 200-day moving average of $19.74. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.11.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same period in the prior year, the firm posted $0.66 earnings per share. Sell-side analysts forecast that Annaly Capital Management will post 2.67 earnings per share for the current fiscal year.

Insider Activity

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares in the company, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Annaly Capital Management

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its position in Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 647 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Annaly Capital Management during the 1st quarter worth about $37,000. Quarry LP acquired a new stake in Annaly Capital Management during the 2nd quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its holdings in Annaly Capital Management by 107.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,076 shares during the period. Finally, MCF Advisors LLC acquired a new position in Annaly Capital Management during the first quarter valued at approximately $44,000. 51.56% of the stock is owned by hedge funds and other 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.