Research analysts at Keefe, Bruyette & Woods reduced their price objective on shares of Annaly Capital Management (NYSE:NLY) from $16.00 to $13.00 in a report released on Friday, AnalystRatings.Net reports. Keefe, Bruyette & Woods’ price target points to a potential upside of 8.88% from the stock’s previous close.
Shares of Annaly Capital Management (NYSE:NLY) traded down 1.49% during mid-day trading on Friday, hitting $11.94. Annaly Capital Management has a one year low of $11.19 and a one year high of $17.75. The stock’s 50-day moving average is currently $12.07. The company has a market cap of $11.312 billion and a P/E ratio of 7.16.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.15. The company had revenue of $460.60 million for the quarter, compared to the consensus estimate of $426.30 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, analysts predict that Annaly Capital Management will post $1.49 earnings per share for the current fiscal year.
NLY has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Annaly Capital Management from $13.00 to $12.00 in a research note to investors on Friday. Separately, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Annaly Capital Management in a research note to investors on Friday. They now have a $12.00 price target on the stock. Finally, analysts at Nomura raised their price target on shares of Annaly Capital Management from $15.00 to $16.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock.
Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Annaly Capital Management presently has a consensus rating of “Hold” and a consensus price target of $13.71.
Annaly Capital Management, Inc (NYSE:NLY) owns, manage, and finance a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans.
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