Annaly Capital Management Inc (NLY) : Traders are bullish on Annaly Capital Management Inc (NLY) as it has outperformed the S&P 500 by a wide margin of 0.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.18% in the last 1 week, and is up 2.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Annaly Capital Management Inc (NYSE:NLY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.05 and $11.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.11, notching a gain of 0.82% for the day. The total traded volume was 8,254,790 . The stock had closed at $11.02 on the previous day.
The stock has recorded a 20-day Moving Average of 2.33% and the 50-Day Moving Average is 4.28%. Annaly Capital Management, Inc. is up 5.63% in the last 3-month period. Year-to-Date the stock performance stands at 25.8%.
Annaly Capital Management Inc (NLY) : The most positive equity analysts on Annaly Capital Management Inc (NLY) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $10.8 with an expected fluctuation of $0.76 from the mean.
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.