Annaly Capital Management (NYSE:NLY) Stock Rating Reaffirmed by JMP Securities

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

Several other research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Jonestrading boosted their price objective on Annaly Capital Management from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. Compass Point began coverage on Annaly Capital Management in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price on the stock. Finally, StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.19.

Annaly Capital Management Stock Up 0.9 %

Shares of NYSE NLY traded up $0.16 during midday trading on Thursday, hitting $18.04. 756,686 shares of the stock traded hands, compared to its average volume of 3,580,726. The company has a market cap of $9.03 billion, a PE ratio of -5.01 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22. Annaly Capital Management has a one year low of $14.52 and a one year high of $21.07. The business has a 50 day moving average price of $19.14 and a two-hundred day moving average price of $18.60.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the transaction, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Annaly Capital Management

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Annaly Capital Management by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock worth $931,303,000 after purchasing an additional 3,668,441 shares during the period. BlackRock Inc. grew its position in shares of Annaly Capital Management by 1.1% in the 1st quarter. BlackRock Inc. now owns 54,913,095 shares of the real estate investment trust’s stock worth $1,049,389,000 after buying an additional 576,515 shares during the last quarter. State Street Corp grew its position in shares of Annaly Capital Management by 14.0% in the 2nd 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 last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Annaly Capital Management by 1.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,170,965 shares of the real estate investment trust’s stock worth $332,602,000 after buying an additional 300,457 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Annaly Capital Management by 166.1% in the 2nd 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 last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

About Annaly Capital Management

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.