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

Annaly Capital Management (NYSE:NLY)‘s stock had its “buy” rating reiterated by Jonestrading in a research report issued on Thursday, Benzinga reports. They currently have a $21.00 target price on the real estate investment trust’s stock. Jonestrading’s target price indicates a potential upside of 11.23% from the stock’s previous close.

NLY has been the topic of a number of other research reports. Compass Point initiated coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price target on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 price target on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Royal Bank of Canada restated an “outperform” rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Monday, February 12th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Finally, StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.

Annaly Capital Management Price Performance

NYSE:NLY opened at $18.88 on Thursday. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of -19.46 and a beta of 1.54. Annaly Capital Management has a 52-week low of $14.52 and a 52-week high of $21.07. The stock has a fifty day moving average of $19.11 and a 200 day moving average of $18.62. 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 (NYSE:NLY) last posted its quarterly earnings data 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. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a positive return on equity of 15.20% and a negative net margin of 8.38%. During the same quarter last year, the company earned $0.81 earnings per share. On average, research analysts expect that Annaly Capital Management will post 2.57 EPS for the current fiscal year.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total value of $951,500.00. Following the sale, 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 SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its holdings in Annaly Capital Management by 6.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 562 shares in the last quarter. Family Asset Management LLC raised its holdings in Annaly Capital Management by 2.7% in the 4th quarter. Family Asset Management LLC now owns 22,961 shares of the real estate investment trust’s stock worth $445,000 after purchasing an additional 596 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Annaly Capital Management by 6.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 704 shares in the last quarter. Private Trust Co. NA raised its holdings in Annaly Capital Management by 7.0% in the 3rd quarter. Private Trust Co. NA now owns 10,876 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 709 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Annaly Capital Management by 1.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock worth $1,310,000 after purchasing an additional 717 shares in the last quarter. 51.56% of the stock is currently owned by 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.