Annaly Capital Management’s (NLY) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Annaly Capital Management (NYSE:NLY)‘s stock had its “outperform” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a report issued on Wednesday, Benzinga reports. They currently have a $21.50 price objective on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 9.28% from the company’s current price.

A number of other analysts also recently issued reports on NLY. Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Jonestrading boosted their target price on shares of Annaly Capital Management from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. UBS Group restated a “neutral” rating and set a $19.00 target price on shares of Annaly Capital Management in a report on Wednesday, December 6th. Finally, StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.07.

Annaly Capital Management Price Performance

NYSE NLY opened at $19.68 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40. Annaly Capital Management has a 12-month low of $14.52 and a 12-month high of $21.07. The company has a market capitalization of $9.84 billion, a PE ratio of -5.45 and a beta of 1.54. The firm’s 50 day moving average is $19.27 and its 200-day moving average is $18.71.

Insiders Place Their Bets

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total value of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Annaly Capital Management

A number of institutional investors have recently modified their holdings of NLY. Bank of Montreal Can lifted its position in Annaly Capital Management by 24.0% during the first quarter. Bank of Montreal Can now owns 381,525 shares of the real estate investment trust’s stock worth $2,828,000 after purchasing an additional 73,892 shares during the period. MetLife Investment Management LLC bought a new stake in Annaly Capital Management during the first quarter worth about $199,000. Rhumbline Advisers lifted its position in Annaly Capital Management by 3.3% during the first quarter. Rhumbline Advisers now owns 1,185,123 shares of the real estate investment trust’s stock worth $8,343,000 after purchasing an additional 37,762 shares during the period. Yousif Capital Management LLC lifted its position in Annaly Capital Management by 6.6% during the first quarter. Yousif Capital Management LLC now owns 97,368 shares of the real estate investment trust’s stock worth $685,000 after purchasing an additional 6,043 shares during the period. Finally, Cibc World Market Inc. bought a new stake in Annaly Capital Management during the first quarter worth about $163,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.