ANNALY Cap Mgmt/SH (NYSE:NLY) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Thursday.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised ANNALY Cap Mgmt/SH from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, August 21st. Barclays set a $11.00 price objective on ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Finally, JPMorgan Chase & Co. boosted their price objective on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the stock a “$10.45” rating in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.88.
Shares of NLY stock opened at $9.86 on Thursday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $12.45 billion, a P/E ratio of 8.08 and a beta of 0.08. ANNALY Cap Mgmt/SH has a one year low of $9.81 and a one year high of $12.40.
ANNALY Cap Mgmt/SH (NYSE:NLY) last announced its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $334.11 million for the quarter, compared to analyst estimates of $330.95 million. ANNALY Cap Mgmt/SH had a return on equity of 12.10% and a net margin of 112.29%. During the same quarter in the previous year, the firm earned $0.30 EPS. Research analysts expect that ANNALY Cap Mgmt/SH will post 1.19 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Mycio Wealth Partners LLC bought a new stake in shares of ANNALY Cap Mgmt/SH during the second quarter worth $103,000. FormulaFolio Investments LLC bought a new stake in shares of ANNALY Cap Mgmt/SH during the second quarter worth $107,000. O Dell Group LLC bought a new stake in shares of ANNALY Cap Mgmt/SH during the second quarter worth $107,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of ANNALY Cap Mgmt/SH during the second quarter worth $116,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of ANNALY Cap Mgmt/SH during the second quarter worth $129,000. 51.31% of the stock is currently owned by institutional investors.
ANNALY Cap Mgmt/SH Company Profile
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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