Annaly Capital Management (NYSE:NLY) Rating Reiterated by Jonestrading

Annaly Capital Management (NYSE:NLY)‘s stock had its “buy” rating restated by Jonestrading in a research note issued to investors on Thursday, Benzinga reports. They currently have a $21.00 target price on the real estate investment trust’s stock. Jonestrading’s price objective suggests a potential upside of 12.36% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Royal Bank of Canada restated an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Compass Point assumed coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.07.

Annaly Capital Management Trading Up 0.6 %

Shares of Annaly Capital Management stock traded up $0.11 during midday trading on Thursday, reaching $18.69. 5,686,267 shares of the company’s stock traded hands, compared to its average volume of 3,584,213. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50 day moving average of $19.11 and a 200-day moving average of $18.62. The company has a market cap of $9.35 billion, a PE ratio of -5.18 and a beta of 1.54. 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 announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. Annaly Capital Management had a negative net margin of 44.03% and a positive return on equity of 15.67%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $320.00 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. As a group, equities analysts expect that Annaly Capital Management will post 2.57 EPS for the current fiscal year.

Insider Activity at Annaly Capital Management

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

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently made changes to their positions in the stock. Selway Asset Management acquired a new stake in Annaly Capital Management during the third quarter worth about $26,000. Core Wealth Advisors Inc. grew its position in Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,000 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Annaly Capital Management in the first quarter valued at approximately $29,000. GAMMA Investing LLC bought a new stake in shares of Annaly Capital Management during the fourth quarter valued at approximately $33,000. Finally, First United Bank & Trust acquired a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $33,000. 51.56% of the stock is owned by institutional investors and hedge funds.

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.