Annaly Capital Management (NYSE:NLY) Price Target Cut to $20.15 by Analysts at Keefe, Bruyette & Woods

Annaly Capital Management (NYSE:NLY) had its price target lowered by analysts at Keefe, Bruyette & Woods from $21.00 to $20.15 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 7.01% from the stock’s current price.

A number of other analysts have also recently commented on the company. Barclays started coverage on 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. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Annaly Capital Management has an average rating of “Moderate Buy” and an average price target of $21.29.

Annaly Capital Management Trading Up 5.5 %

Shares of NLY stock opened at $18.83 on Tuesday. The stock has a 50 day moving average of $20.86 and a 200 day moving average of $19.95. The stock has a market cap of $10.89 billion, a P/E ratio of 11.84, a P/E/G ratio of 4.89 and a beta of 1.31. Annaly Capital Management has a twelve month low of $16.65 and a twelve month high of $22.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, research analysts predict that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Annaly Capital Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Merit Financial Group LLC acquired a new position in Annaly Capital Management during the first quarter worth $265,000. Rhumbline Advisers boosted its stake in Annaly Capital Management by 2.4% during the first quarter. Rhumbline Advisers now owns 1,633,678 shares of the real estate investment trust’s stock worth $33,180,000 after buying an additional 38,468 shares during the last quarter. Welch Group LLC acquired a new position in Annaly Capital Management during the first quarter worth $299,000. Summit Global Investments acquired a new position in Annaly Capital Management during the first quarter worth $285,000. Finally, GAMMA Investing LLC lifted its stake in shares of Annaly Capital Management by 3,629.3% in the 1st quarter. GAMMA Investing LLC now owns 99,722 shares of the real estate investment trust’s stock valued at $2,025,000 after purchasing an additional 97,048 shares during the last quarter. 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.