Annaly Capital Management (NYSE:NLY) Rating Increased to Buy at StockNews.com

Annaly Capital Management (NYSE:NLY) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other equities analysts also recently commented on NLY. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. Janney Montgomery Scott assumed coverage on shares of Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. Jonestrading reaffirmed a “buy” rating and set a $21.00 price objective on shares of Annaly Capital Management in a research note on Thursday, April 25th. Compass Point began coverage on shares of Annaly Capital Management in a research note on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective for the company. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 price target on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.07.

Annaly Capital Management Stock Up 1.9 %

NYSE NLY opened at $19.39 on Thursday. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of -19.98 and a beta of 1.54. The company has a 50-day simple moving average of $19.68 and a two-hundred day simple moving average of $19.36. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.07.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.13%. During the same period in the prior year, the firm posted $0.81 earnings per share. Equities analysts expect that Annaly Capital Management will post 2.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Annaly Capital Management

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Annaly Capital Management by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock valued at $954,941,000 after purchasing an additional 1,619,729 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Annaly Capital Management by 1.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust’s stock valued at $343,578,000 after purchasing an additional 278,391 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Annaly Capital Management by 159.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock valued at $118,524,000 after purchasing an additional 3,762,652 shares in the last quarter. Norges Bank bought a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $110,244,000. Finally, Algebris UK Ltd increased its stake in shares of Annaly Capital Management by 195.9% during the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock valued at $87,532,000 after purchasing an additional 2,671,236 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

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.