Annaly Capital Management Inc (NLY) : 8 analysts are covering Annaly Capital Management Inc (NLY) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Annaly Capital Management Inc (NLY) : Average target price received by Annaly Capital Management Inc (NLY) is $10.3 with an expected standard deviation of $1.26. The most aggressive target on the stock is $12, whereas the most downbeat target is $9. 5 financial analysts are currently covering the stock.
Annaly Capital Management Inc (NYSE:NLY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.99 and $10.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.03, notching a gain of 0.36% for the day. The total traded volume was 11,995,907 . The stock had closed at $10.99 on the previous day.
The company shares have rallied 14.36% from its 1 Year high price. On May 13, 2016, the shares registered one year high at $11.13 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.78 and the 200 Day Moving Average price is recorded at $10.21.
Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments, earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, other securities representing interests in or obligations backed by pools of mortgage loans, commercial real estate assets and corporate debt. The Companys business operations consist of Annaly (the parent company), Annaly Commercial Real Estate Group, Inc. (ACREG), RCap Securities, Inc., Fixed Income Discount Advisory Company (FIDAC), Annaly Middle Market Lending LLC and Shannon Funding LLC.