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 research analysts at JMP Securities in a research report issued to clients and investors on Thursday, Benzinga reports.

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

Annaly Capital Management Stock Performance

NLY stock traded up $0.16 on Thursday, reaching $18.04. 756,686 shares of the company were exchanged, compared to its average volume of 3,580,726. Annaly Capital Management has a 12 month low of $14.52 and a 12 month high of $21.07. The stock’s fifty day moving average price is $19.14 and its 200 day moving average price is $18.60. The firm has a market capitalization of $9.03 billion, a PE ratio of -5.01 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.22 and a quick ratio of 1.22.

Insider Activity

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s 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 sale, the chief executive officer now owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Annaly Capital Management

Several institutional investors and hedge funds have recently made changes to their positions in the company. MCF Advisors LLC acquired a new position in Annaly Capital Management during the 1st quarter worth about $44,000. Register Financial Advisors LLC acquired a new position in Annaly Capital Management during the 1st quarter worth about $37,000. Wealth Enhancement Advisory Services LLC lifted its position in Annaly Capital Management by 5.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,234 shares of the real estate investment trust’s stock worth $674,000 after buying an additional 1,769 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Annaly Capital Management by 6.0% during the 1st quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust’s stock worth $196,000 after buying an additional 562 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new position in Annaly Capital Management during the 1st quarter worth about $214,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

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.