Annaly Capital Management Inc (NLY) Earns “Hold” Rating from Keefe, Bruyette & Woods

Annaly Capital Management Inc (NYSE:NLY)‘s stock had its “hold” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $11.25 price objective on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 6.33% from the stock’s current price.

Several other equities research analysts have also recently issued reports on NLY. Zacks Investment Research cut Annaly Capital Management from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BidaskClub cut Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.32.

Shares of Annaly Capital Management (NYSE:NLY) traded down 1.15% during trading on Thursday, hitting $12.01. The stock had a trading volume of 6,385,983 shares. The stock’s 50-day moving average is $12.16 and its 200-day moving average is $11.42. The stock has a market capitalization of $12.24 billion, a P/E ratio of 4.15 and a beta of 0.28. Annaly Capital Management has a 12-month low of $9.83 and a 12-month high of $12.73.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $315.15 million during the quarter, compared to analysts’ expectations of $424.18 million. Annaly Capital Management had a return on equity of 11.27% and a net margin of 121.84%. During the same period in the previous year, the company posted $0.29 earnings per share. Analysts predict that Annaly Capital Management will post $1.19 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BLB&B Advisors LLC increased its position in shares of Annaly Capital Management by 1.6% in the first quarter. BLB&B Advisors LLC now owns 57,815 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 885 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of Annaly Capital Management by 2.3% in the first quarter. Prospera Financial Services Inc now owns 15,531 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 354 shares in the last quarter. Honkamp Krueger Financial Services Inc. increased its position in shares of Annaly Capital Management by 3.4% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 14,610 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 480 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Annaly Capital Management by 15.3% in the first quarter. Capstone Asset Management Co. now owns 23,846 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 3,160 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Annaly Capital Management by 40.0% in the first quarter. Bank of Montreal Can now owns 886,814 shares of the real estate investment trust’s stock valued at $9,853,000 after buying an additional 253,421 shares in the last quarter. Institutional investors and hedge funds own 52.47% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.