Annaly Capital Management (NYSE:NLY) Coverage Initiated by Analysts at Barclays

Investment analysts at Barclays initiated coverage on shares of Annaly Capital Management (NYSE:NLY) in a report released on Monday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $19.00 price target on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 1.88% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.22.

Annaly Capital Management Price Performance

NLY opened at $18.65 on Monday. The firm has a market capitalization of $10.45 billion, a PE ratio of -266.43 and a beta of 1.51. The business’s 50-day moving average is $19.38 and its two-hundred day moving average is $19.73. Annaly Capital Management has a 1 year low of $17.67 and a 1 year 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 analysts’ consensus estimates 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 firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. During the same period in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts expect that Annaly Capital Management will post 2.65 EPS for the current year.

Institutional Trading of Annaly Capital Management

A number of hedge funds and other institutional investors have recently made changes to their positions in NLY. Avior Wealth Management LLC raised its holdings in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 647 shares during the last quarter. Quarry LP purchased a new position in shares of Annaly Capital Management during the 2nd quarter valued at about $36,000. Toth Financial Advisory Corp lifted its holdings in shares of Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares during the period. Finally, McIlrath & Eck LLC purchased a new stake in shares of Annaly Capital Management in the third quarter worth about $63,000. 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.