Annaly Capital Management (NYSE:NLY) had its price target trimmed by UBS AG from $12.00 to $10.50 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a neutral rating on the stock.
UBS AG has also modified their ratings on a number of other financials stocks in the few days. The firm lowered its price target on shares of American Capital Mortgage Investment Corp. from $24.00 to $20.50. They have a buy rating on that stock. Also, UBS AG lowered its price target on shares of American Capital Agency Corp. from $25.00 to $22.00. They have a buy rating on that stock.
Annaly Capital Management (NYSE:NLY) opened at 10.73 on Friday. Annaly Capital Management has a 1-year low of $10.30 and a 1-year high of $16.18. The stock has a 50-day moving average of $11.53 and a 200-day moving average of $12.40. The company has a market cap of $10.166 billion and a P/E ratio of 3.11.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.06. During the same quarter in the prior year, the company posted $0.45 earnings per share. Analysts expect that Annaly Capital Management will post $1.12 EPS for the current fiscal year.
A number of other firms have also recently commented on NLY. Analysts at Zacks downgraded shares of Annaly Capital Management from a neutral rating to an underperform rating in a research note to investors on Wednesday, November 13th. They now have a $10.00 price target on the stock. Separately, analysts at Wunderlich cut their price target on shares of Annaly Capital Management from $12.50 to $11.50 in a research note to investors on Tuesday, November 12th. They now have a hold rating on the stock. Finally, analysts at FBR Capital Markets reiterated a hold rating on shares of Annaly Capital Management in a research note to investors on Tuesday, November 12th. They now have a $11.50 price target on the stock, down previously from $12.50. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $12.38.
In other Annaly Capital Management news, President Kevin Keyes bought 100,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of $10.43 per share, with a total value of $1,043,000.00. Following the completion of the acquisition, the president now directly owns 300,000 shares of the company’s stock, valued at approximately $3,129,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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