Annaly Capital Management (NLY) is Downgraded by Compass Point to Sell, Price Target at $10.50

Annaly Capital Management (NLY) was Downgraded by Compass Point to ” Sell” and the brokerage firm has set the Price Target at $10.50. Earlier the firm had a rating of “Neutral ” on the company shares. Compass Point advised their investors in a research report released on Jun 15, 2016.

On the company’s financial health, Annaly Capital Management reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.31.Analysts expectations of $ 289.33.During the same quarter in the previous year, the company posted $0.25 EPS.

Annaly Capital Management opened for trading at $10.6 and hit $10.67 on the upside on Tuesday, eventually ending the session at $10.64, with a gain of 0.28% or 0.03 points. The heightened volatility saw the trading volume jump to 97,43,132 shares. Company has a market cap of $9,841 M.

In a different news, on Aug 24, 2015, Wellington Denahan (CEO) purchased 100,000 shares at $10.33 per share price. According to the SEC, on Aug 18, 2015, Glenn Votek (CFO) purchased 25,000 shares at $10.36 per share price. On Aug 12, 2015, Kevin Brady (director) purchased 48,750 shares at $10.16 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Annaly Capital Management

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Annaly Capital Management - Is it time to Sell?

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