Annaly Capital Management Inc (NLY) : Zacks Investment Research ranks Annaly Capital Management Inc (NLY) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3, which indicates as a Hold.
Annaly Capital Management Inc (NLY) : 6 investment research analysts covering Annaly Capital Management Inc (NLY) have an average price target of $11 for the near short term. The highest target price given by the Brokerage Firm to the stock is $12 and the lowest target is $10 for the short term. Analysts expect the variance to be within $0.71 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Deutsche Bank maintains its rating on Annaly Capital Management Inc (NYSE:NLY). As per the latest information, the brokerage house raises the price target to $11 per share from a prior target of $10.5. The shares have been rated Hold. The rating by the firm was issued on August 12, 2016.
Annaly Capital Management Inc (NYSE:NLY): The stock opened at $10.9 and touched an intraday high of $11.045 on Wednesday. During the day, the stock corrected to an intraday low of $10.9, however, the bulls stepped in and pushed the price higher to close in the green at $10.99 with a gain of 0.64% for the day. The total traded volume for the day was 7,478,918. The stock had closed at $10.92 in the previous trading session.
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.