Annaly Capital Management Inc (NYSE:NLY) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods set a $11.00 target price on shares of Annaly Capital Management and gave the stock a “hold” rating in a research report on Thursday, April 6th. Zacks Investment Research raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.36.

Annaly Capital Management (NLY) traded up 0.42% on Friday, hitting $12.06. 3,265,275 shares of the company’s stock were exchanged. The stock has a market cap of $12.29 billion, a P/E ratio of 4.17 and a beta of 0.28. Annaly Capital Management has a 52-week low of $9.83 and a 52-week high of $12.73. The firm has a 50 day moving average price of $12.16 and a 200-day moving average price of $11.42.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $315.15 million for the quarter, compared to the consensus estimate of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.27%. During the same period in the prior year, the firm earned $0.29 EPS. Analysts predict that Annaly Capital Management will post $1.19 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in NLY. BlackRock Inc. raised its stake in shares of Annaly Capital Management by 5,238.7% in the first quarter. BlackRock Inc. now owns 92,084,652 shares of the real estate investment trust’s stock worth $1,023,059,000 after buying an additional 90,359,815 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Annaly Capital Management by 4.8% in the first quarter. Vanguard Group Inc. now owns 82,592,638 shares of the real estate investment trust’s stock worth $917,603,000 after buying an additional 3,810,179 shares in the last quarter. State Street Corp raised its stake in shares of Annaly Capital Management by 4.4% in the first quarter. State Street Corp now owns 27,784,006 shares of the real estate investment trust’s stock worth $308,680,000 after buying an additional 1,181,556 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Annaly Capital Management by 12.9% in the second quarter. APG Asset Management N.V. now owns 15,823,160 shares of the real estate investment trust’s stock worth $190,669,000 after buying an additional 1,807,500 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Annaly Capital Management by 21.1% in the first quarter. Renaissance Technologies LLC now owns 10,384,526 shares of the real estate investment trust’s stock worth $115,372,000 after buying an additional 1,808,817 shares in the last quarter. 52.56% of the stock is currently owned by institutional investors.

About Annaly Capital Management

Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.

Analyst Recommendations for Annaly Capital Management (NYSE:NLY)

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