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

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

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

Annaly Capital Management Price Performance

Shares of NYSE:NLY opened at $18.24 on Thursday. The firm has a market cap of $9.13 billion, a PE ratio of -5.05 and a beta of 1.54. The firm’s fifty day moving average is $19.11 and its 200-day moving average is $18.60. 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 52 week low of $14.52 and a 52 week high of $21.07.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction on Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now directly owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Annaly Capital Management

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. increased its position in shares of Annaly Capital Management by 14.4% during the third quarter. Invesco Ltd. now owns 2,143,753 shares of the real estate investment trust’s stock worth $40,324,000 after acquiring an additional 269,758 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Annaly Capital Management by 4.2% during the third quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust’s stock worth $4,828,000 after acquiring an additional 10,404 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Annaly Capital Management in the 4th quarter worth about $2,721,000. LPL Financial LLC grew its position in Annaly Capital Management by 9.1% in the 3rd quarter. LPL Financial LLC now owns 720,982 shares of the real estate investment trust’s stock worth $13,562,000 after purchasing an additional 59,883 shares in the last quarter. Finally, Korea Investment CORP grew its position in Annaly Capital Management by 33.8% in the 3rd quarter. Korea Investment CORP now owns 313,045 shares of the real estate investment trust’s stock worth $5,888,000 after purchasing an additional 79,038 shares in the last quarter. 51.56% of the stock is 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.