Barclays Begins Coverage on Annaly Capital Management (NYSE:NLY)

Barclays started coverage on shares of Annaly Capital Management (NYSE:NLY) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The firm set an “equal weight” rating and a $19.00 price target on the real estate investment trust’s stock. Barclays‘s target price indicates a potential upside of 0.11% from the company’s previous close.

Several other research analysts also recently commented on NLY. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $19.00 to $23.00 in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.22.

Annaly Capital Management Stock Performance

NLY stock opened at $18.98 on Monday. The business’s 50-day moving average is $19.39 and its two-hundred day moving average is $19.75. The company has a market cap of $10.64 billion, a price-to-earnings ratio of -271.14 and a beta of 1.51. Annaly Capital Management has a fifty-two week low of $17.67 and a fifty-two week high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. During the same quarter last year, the firm posted $0.66 earnings per share. Equities analysts predict that Annaly Capital Management will post 2.65 earnings per share for the current 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 NLY. Allspring Global Investments Holdings LLC increased its stake in Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after acquiring an additional 1,342,056 shares during the last quarter. State Street Corp increased its position in shares of Annaly Capital Management by 1.3% during the 3rd quarter. State Street Corp now owns 17,400,024 shares of the real estate investment trust’s stock valued at $360,296,000 after purchasing an additional 223,294 shares during the last quarter. Geode Capital Management LLC raised its holdings in Annaly Capital Management by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust’s stock valued at $172,988,000 after buying an additional 241,465 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock valued at $79,900,000 after acquiring an additional 3,350,435 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Annaly Capital Management by 21.5% in the third quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust’s stock worth $61,355,000 after purchasing an additional 541,869 shares during the period. 51.56% of the stock is owned by hedge funds and other 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.