Annaly Capital Management Inc (NYSE:NLY) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $12 and the lowest price target forecast is $10. The average forecast of all the analysts is $10.7 and the expected standard deviation is $0.76.
Other Equity analysts have also commented on the company shares. Brokerage firm Compass Point downgrades its rating on Annaly Capital Management Inc (NYSE:NLY). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on March 14, 2016.
Annaly Capital Management Inc (NYSE:NLY): stock turned positive on Thursday. Though the stock opened at $10.72, the bulls momentum made the stock top out at $10.8 level for the day. The stock recorded a low of $10.6699 and closed the trading day at $10.76, in the green by 0.75%. The total traded volume for the day was 7,001,586. The stock had closed at $10.68 in the previous days trading.
The company shares have rallied 9.31% from its 1 Year high price. On May 13, 2016, the shares registered one year high at $11.13 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.77 and the 200 Day Moving Average price is recorded at $10.10. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Annaly Capital Management Inc, Denahan Wellington, had purchased 100,000 shares in a transaction dated on August 21, 2015. The transaction was executed at $10.33 per share with total amount equaling $1,033,000.
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.