Annaly Capital Management (NYSE:NLY) Given “Market Perform” Rating at JMP Securities

Annaly Capital Management (NYSE:NLY)‘s stock had its “market perform” rating reiterated by stock analysts at JMP Securities in a research report issued on Thursday,Benzinga reports.

A number of other equities analysts have also weighed in on the stock. Barclays assumed coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.11.

Annaly Capital Management Price Performance

NYSE:NLY traded up $0.06 during trading hours on Thursday, reaching $19.41. 344,260 shares of the company traded hands, compared to its average volume of 6,028,578. Annaly Capital Management has a 1-year low of $17.67 and a 1-year high of $21.11. The stock has a market cap of $10.88 billion, a P/E ratio of -277.36 and a beta of 1.51. The firm’s 50-day moving average is $19.26 and its 200-day moving average is $19.69.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter in the prior year, the business posted $0.66 EPS. As a group, research analysts predict that Annaly Capital Management will post 2.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Avior Wealth Management LLC raised its stake in shares of Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 850 shares during the period. UMB Bank n.a. increased its holdings in Annaly Capital Management by 70.2% in 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 purchasing an additional 647 shares in the last quarter. Blue Trust Inc. raised its position in Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the period. Quarry LP acquired a new position in shares of Annaly Capital Management during the second quarter worth about $36,000. Finally, Toth Financial Advisory Corp boosted its position in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 576 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Company Profile

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.