ANNALY Cap Mgmt/SH (NLY) Given a $11.00 Price Target at Barclays

ANNALY Cap Mgmt/SH (NYSE:NLY) has been given a $11.00 price objective by research analysts at Barclays in a report issued on Tuesday, September 11th. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Barclays’ price objective points to a potential upside of 8.80% from the company’s previous close.

Several other research analysts have also recently commented on NLY. ValuEngine cut shares of ANNALY Cap Mgmt/SH from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Zacks Investment Research raised shares of ANNALY Cap Mgmt/SH from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, August 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the stock a “$10.45” rating in a report on Monday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. ANNALY Cap Mgmt/SH currently has a consensus rating of “Hold” and a consensus price target of $10.88.

NLY stock traded down $0.04 during mid-day trading on Tuesday, hitting $10.11. 17,979,556 shares of the company were exchanged, compared to its average volume of 9,632,979. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $12.45 billion, a PE ratio of 8.29 and a beta of 0.08. ANNALY Cap Mgmt/SH has a 1-year low of $9.94 and a 1-year high of $12.40.

ANNALY Cap Mgmt/SH (NYSE:NLY) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. ANNALY Cap Mgmt/SH had a net margin of 112.29% and a return on equity of 12.10%. The company had revenue of $334.11 million for the quarter, compared to analysts’ expectations of $330.95 million. During the same period last year, the firm earned $0.30 earnings per share. As a group, research analysts expect that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in ANNALY Cap Mgmt/SH by 1.1% in the second quarter. BlackRock Inc. now owns 97,930,510 shares of the real estate investment trust’s stock valued at $1,007,706,000 after acquiring an additional 1,018,396 shares during the last quarter. LSV Asset Management increased its stake in ANNALY Cap Mgmt/SH by 1.3% in the second quarter. LSV Asset Management now owns 23,974,949 shares of the real estate investment trust’s stock valued at $246,702,000 after acquiring an additional 301,081 shares during the last quarter. Northern Trust Corp increased its stake in ANNALY Cap Mgmt/SH by 2.1% in the first quarter. Northern Trust Corp now owns 10,293,817 shares of the real estate investment trust’s stock valued at $107,365,000 after acquiring an additional 215,370 shares during the last quarter. Allianz Asset Management GmbH increased its stake in ANNALY Cap Mgmt/SH by 16.7% in the first quarter. Allianz Asset Management GmbH now owns 9,443,757 shares of the real estate investment trust’s stock valued at $98,498,000 after acquiring an additional 1,353,121 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in ANNALY Cap Mgmt/SH by 1.2% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 7,449,800 shares of the real estate investment trust’s stock valued at $76,658,000 after acquiring an additional 85,000 shares during the last quarter. 51.31% of the stock is currently owned by institutional investors and hedge funds.

About ANNALY Cap Mgmt/SH

Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.

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Analyst Recommendations for ANNALY Cap Mgmt/SH (NYSE:NLY)

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