Annaly Capital Management (NYSE:NLY) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Wednesday, Analyst Ratings.Net reports. They currently have a $10.00 price target on the stock. Zacks‘ target price suggests a potential downside of 4.85% from the stock’s previous close.
NLY has been the subject of a number of other recent research reports. 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. They now have a “hold” rating on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Annaly Capital Management from $12.50 to $11.50 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Annaly Capital Management in a research note to investors on Tuesday. They now have a $10.00 price target on the stock, down previously from $12.00. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Annaly Capital Management currently has an average rating of “Hold” and an average target price of $12.49.
In other Annaly Capital Management news, President Kevin Keyes bought 100,000 shares of the stock on the open market in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost 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 in the company, valued at approximately $3,129,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Annaly Capital Management (NYSE:NLY) traded up 1.52% on Wednesday, hitting $10.67. 11,574,373 shares of the company’s stock traded hands. Annaly Capital Management has a 1-year low of $10.30 and a 1-year high of $16.18. The stock’s 50-day moving average is $11.64 and its 200-day moving average is $12.4. The company has a market cap of $10.107 billion and a price-to-earnings ratio of 3.02.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.06. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, analysts predict that Annaly Capital Management will post $1.12 earnings per share for the current fiscal year.
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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