Annaly Capital Management (NYSE:NLY)‘s stock had its “hold” rating reissued by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday, February 16th.
NLY has been the topic of several other research reports. Zacks Investment Research downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Bank of America raised shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Finally, Compass Point raised shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.21.
Shares of Annaly Capital Management (NYSE NLY) traded down $0.04 during midday trading on Friday, reaching $10.53. 9,283,803 shares of the company were exchanged, compared to its average volume of 9,320,000. Annaly Capital Management has a 12-month low of $10.00 and a 12-month high of $12.73. The firm has a market cap of $12,210.00, a PE ratio of 7.92, a price-to-earnings-growth ratio of 7.34 and a beta of 0.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.03 and a current ratio of 0.03.
In related news, insider Anthony C. Green acquired 23,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of $10.42 per share, for a total transaction of $242,265.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.43% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new stake in Annaly Capital Management in the third quarter worth about $100,000. Barrett Asset Management LLC bought a new stake in Annaly Capital Management in the fourth quarter worth about $107,000. Advisory Services Network LLC raised its position in Annaly Capital Management by 9.0% in the second quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 806 shares in the last quarter. Wellington Shields Capital Management LLC bought a new stake in Annaly Capital Management in the third quarter worth about $122,000. Finally, Advisor Partners LLC purchased a new position in Annaly Capital Management in the 4th quarter worth about $122,000. Hedge funds and other institutional investors own 60.07% of the company’s stock.
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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.
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