Royal Bank of Canada reiterated their outperform rating on shares of Annaly Capital Management (NYSE:NLY – Free Report) in a research report released on Tuesday, Benzinga reports. They currently have a $22.00 price target on the real estate investment trust’s stock.
Several other equities research analysts have also recently commented on NLY. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $23.00 to $22.00 in a research note on Monday, April 24th. StockNews.com upgraded Annaly Capital Management to a sell rating in a research note on Thursday, June 22nd. Wells Fargo & Company dropped their price objective on Annaly Capital Management from $23.00 to $21.00 in a report on Friday, April 28th. Finally, Piper Sandler upped their price objective on Annaly Capital Management from $21.50 to $22.00 in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management currently has a consensus rating of Hold and a consensus price target of $21.50.
Annaly Capital Management Price Performance
Shares of NYSE NLY opened at $20.02 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.08 and a debt-to-equity ratio of 0.95. Annaly Capital Management has a twelve month low of $15.11 and a twelve month high of $27.36. The stock has a 50 day moving average of $19.92 and a two-hundred day moving average of $20.11. The stock has a market cap of $9.89 billion, a P/E ratio of -4.79 and a beta of 1.37.
Annaly Capital Management Dividend Announcement
Hedge Funds Weigh In On Annaly Capital Management
Several large investors have recently added to or reduced their stakes in NLY. Goldman Sachs Group Inc. lifted its position in Annaly Capital Management by 166.1% during the second quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock worth $87,858,000 after buying an additional 9,279,874 shares during the period. State Street Corp lifted its position in Annaly Capital Management by 14.0% during the second quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock worth $212,614,000 after buying an additional 4,263,394 shares during the period. Norges Bank purchased a new position in Annaly Capital Management during the fourth quarter worth about $83,248,000. Vanguard Group Inc. lifted its position in Annaly Capital Management by 2.9% during the first quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock worth $931,303,000 after buying an additional 3,668,441 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in Annaly Capital Management by 274,965.9% during the first quarter. Balyasny Asset Management L.P. now owns 3,168,759 shares of the real estate investment trust’s stock worth $60,555,000 after buying an additional 3,167,607 shares during the period. 51.24% of the stock is currently owned by hedge funds and other institutional investors.
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; residential mortgage loans; and agency or private label credit risk transfer securities.
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