Annaly Capital Management (NYSE:NLY – Get Free Report)‘s stock had its “market perform” rating restated by equities researchers at JMP Securities in a research report issued on Thursday,Benzinga reports.
Several other research analysts also recently weighed in on NLY. Barclays began coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price for the company. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average price target of $21.11.
Check Out Our Latest Stock Analysis on NLY
Annaly Capital Management Price Performance
Annaly Capital Management (NYSE:NLY – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. During the same period in the previous year, the business posted $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
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NLY. Allspring Global Investments Holdings LLC raised its holdings in shares of Annaly Capital Management by 8.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after purchasing an additional 1,342,056 shares during the period. State Street Corp raised its holdings in Annaly Capital Management by 1.3% in the third quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after buying an additional 223,294 shares during the period. Geode Capital Management LLC raised its holdings in Annaly Capital Management by 2.9% in the third 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. KBC Group NV lifted its position in Annaly Capital Management by 238.9% during the fourth quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust’s stock valued at $95,124,000 after buying an additional 3,664,098 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Annaly Capital Management by 531.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after buying an additional 3,350,435 shares during the period. Institutional investors and hedge funds own 51.56% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Annaly Capital Management
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- 3 Buy-and-Hold Stocks for Long-Term Growth
- Basic Materials Stocks Investing
- Despite Short-Term Risks Freeport McMoran Worth a Look
Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.