JMP Securities Reiterates “Market Perform” Rating for Annaly Capital Management (NYSE:NLY)

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

NLY has been the subject of a number of other research reports. Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target for the company. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. Three research 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, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average target price of $21.11.

Annaly Capital Management Trading Up 0.3 %

NLY stock traded up $0.06 during trading on Thursday, reaching $19.41. The stock had a trading volume of 344,260 shares, compared to its average volume of 6,028,578. The firm has a fifty day moving average price of $19.26 and a 200 day moving average price of $19.69. The company has a market capitalization of $10.88 billion, a P/E ratio of -277.36 and a beta of 1.51. 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 released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same quarter last year, the firm posted $0.66 EPS. Sell-side analysts predict that Annaly Capital Management will post 2.65 EPS for the current year.

Institutional Trading of Annaly Capital Management

Several hedge funds and other institutional investors have recently modified their holdings of NLY. Avior Wealth Management LLC boosted its position in Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 850 shares during the period. UMB Bank n.a. boosted its holdings in shares of Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 647 shares during the period. Blue Trust Inc. grew its position in Annaly Capital Management by 78.5% during 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 in the last quarter. Quarry LP purchased a new position in Annaly Capital Management during the second quarter valued at approximately $36,000. Finally, Toth Financial Advisory Corp lifted its position in 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 worth $48,000 after buying an additional 576 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

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.