ANNALY CAP MGMT/SH (NLY) Stock Rating Upgraded by TheStreet

ANNALY CAP MGMT/SH (NYSE:NLY) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Thursday.

Several other research firms have also issued reports on NLY. Zacks Investment Research restated a “sell” rating on shares of ANNALY CAP MGMT/SH in a research report on Wednesday, November 14th. Barclays set a $10.00 price target on shares of ANNALY CAP MGMT/SH and gave the stock a “hold” rating in a research report on Saturday, November 3rd. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.63.

ANNALY CAP MGMT/SH stock opened at $10.04 on Thursday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 8.23 and a beta of 0.13. ANNALY CAP MGMT/SH has a 1 year low of $9.70 and a 1 year high of $12.37.

ANNALY CAP MGMT/SH (NYSE:NLY) last posted its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $315.62 million for the quarter, compared to analyst estimates of $398.00 million. ANNALY CAP MGMT/SH had a net margin of 105.40% and a return on equity of 12.21%. During the same quarter in the previous year, the business posted $0.30 earnings per share. Sell-side analysts predict that ANNALY CAP MGMT/SH will post 1.19 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC grew its position in ANNALY CAP MGMT/SH by 24.2% during the 3rd quarter. Belpointe Asset Management LLC now owns 39,404 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 7,675 shares in the last quarter. Vanguard Group Inc. grew its position in ANNALY CAP MGMT/SH by 11.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,696,881 shares of the real estate investment trust’s stock worth $1,132,428,000 after purchasing an additional 11,751,750 shares in the last quarter. Morgan Stanley grew its position in ANNALY CAP MGMT/SH by 15.3% during the 3rd quarter. Morgan Stanley now owns 6,031,673 shares of the real estate investment trust’s stock worth $61,705,000 after purchasing an additional 798,348 shares in the last quarter. Legal & General Group Plc grew its position in ANNALY CAP MGMT/SH by 11.9% during the 3rd quarter. Legal & General Group Plc now owns 7,613,345 shares of the real estate investment trust’s stock worth $77,858,000 after purchasing an additional 810,924 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its position in ANNALY CAP MGMT/SH by 0.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,793,135 shares of the real estate investment trust’s stock worth $18,344,000 after purchasing an additional 13,102 shares in the last quarter. Hedge funds and other institutional investors own 53.10% of the company’s stock.

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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