JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Annaly Capital Management (NYSE:NLY) Stock

Annaly Capital Management (NYSE:NLY) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $19.00 to $19.50 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 5.62% from the company’s current price.

Other analysts have also recently issued research reports about the stock. BTIG Research set a $21.00 price target on shares of Annaly Capital Management and gave the company a “buy” rating in a research report on Tuesday, October 6th. Piper Sandler decreased their price target on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating for the company in a report on Friday, October 9th. Wells Fargo & Company set a $22.00 price objective on Annaly Capital Management in a research report on Thursday. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Barclays set a $21.00 price objective on Annaly Capital Management in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.11.

Annaly Capital Management Stock Performance

NYSE:NLY opened at $18.46 on Thursday. Annaly Capital Management has a fifty-two week low of $17.70 and a fifty-two week high of $24.52. The company has a 50 day simple moving average of $21.01 and a two-hundred day simple moving average of $21.85. The company has a market capitalization of $13.91 billion, a PE ratio of 12.83, a P/E/G ratio of 1.44 and a beta of 1.21.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.48%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $637.41 million. Research analysts predict that Annaly Capital Management will post 3.09 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NLY. BlackRock Inc. grew its holdings in shares of Annaly Capital Management by 6.7% during the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after buying an additional 5,485,296 shares during the last quarter. KBC Group NV raised its stake in shares of Annaly Capital Management by 44.2% in the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock worth $105,243,000 after purchasing an additional 1,525,251 shares during the last quarter. State Street Corp raised its stake in shares of Annaly Capital Management by 4.5% in the second quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock worth $679,468,000 after purchasing an additional 1,272,235 shares during the last quarter. Amundi lifted its holdings in shares of Annaly Capital Management by 35.2% in the first quarter. Amundi now owns 3,361,211 shares of the real estate investment trust’s stock valued at $71,090,000 after purchasing an additional 875,331 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Annaly Capital Management by 102.9% in the first quarter. First Trust Advisors LP now owns 1,377,674 shares of the real estate investment trust’s stock valued at $29,138,000 after purchasing an additional 698,643 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Trending Headlines about Annaly Capital Management

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Annaly reported third-quarter earnings available for distribution of $0.80 per share, exceeding the $0.77 analyst consensus and rising from $0.73 a year earlier. Net interest income also increased to $543.6 million from $488.2 million in the prior quarter. Annaly Capital Management Surpasses Q3 Earnings Estimates
• Positive Sentiment: The company maintained its quarterly common dividend at $0.75 per share. Management also highlighted $5.8 billion in third-quarter Onslow Bay funding volume, supporting its mortgage-finance and residential-credit businesses. Annaly Capital Three Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management characterized the operating environment as difficult but expressed confidence in the portfolio and business strategy during the earnings call. The earnings release showed revenue of approximately $1.93 billion, well above the reported consensus estimate, although revenue comparisons can be less meaningful for a mortgage REIT. Annaly Capital Management Navigates Tough Quarter Confidently
• Negative Sentiment: Annaly posted a $1.00 billion GAAP net loss, or $1.36 per share, largely because of a $4.72 billion loss on investments and other items. Book value per share declined to $17.86, close to the stock’s recent trading level, which may weigh on investor confidence despite the stronger distributable earnings. Annaly Reports Third-Quarter Net Loss
• Negative Sentiment: GAAP leverage increased to 8.0 times from 7.4 times in the prior quarter, adding balance-sheet risk. JonesTrading also lowered its price target from $25 to $21, although it retained a Buy rating. JonesTrading Lowers Annaly Price Target

About Annaly Capital Management

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly’s investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.