ANNALY Cap Mgmt/SH (NLY) Downgraded to “C+” at TheStreet

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ANNALY Cap Mgmt/SH (NYSE:NLY) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Thursday.

Several other research analysts also recently commented on the company. Zacks Investment Research raised ANNALY Cap Mgmt/SH from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, August 21st. Barclays set a $11.00 price target on ANNALY Cap Mgmt/SH and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Finally, JPMorgan Chase & Co. lifted their price target on ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the stock a “$10.45” rating in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.88.

Shares of NLY stock opened at $9.86 on Thursday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.23. ANNALY Cap Mgmt/SH has a twelve month low of $9.81 and a twelve month high of $12.40. The company has a market capitalization of $12.45 billion, a P/E ratio of 8.08 and a beta of 0.08.

ANNALY Cap Mgmt/SH (NYSE:NLY) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. ANNALY Cap Mgmt/SH had a return on equity of 12.10% and a net margin of 112.29%. The business had revenue of $334.11 million for the quarter, compared to the consensus estimate of $330.95 million. During the same period last year, the business earned $0.30 EPS. On average, research analysts forecast that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Mycio Wealth Partners LLC acquired a new stake in shares of ANNALY Cap Mgmt/SH during the 2nd quarter worth approximately $103,000. FormulaFolio Investments LLC acquired a new stake in shares of ANNALY Cap Mgmt/SH during the 2nd quarter worth approximately $107,000. O Dell Group LLC acquired a new stake in shares of ANNALY Cap Mgmt/SH during the 2nd quarter worth approximately $107,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of ANNALY Cap Mgmt/SH during the 2nd quarter worth approximately $116,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of ANNALY Cap Mgmt/SH during the 2nd quarter worth approximately $129,000. 51.31% of the stock is currently owned by institutional investors.

ANNALY Cap Mgmt/SH Company Profile

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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