Annaly Capital Management Inc (NYSE:NLY) : Average target price received by Annaly Capital Management Inc (NYSE:NLY) is $10.3 with an expected standard deviation of $1.26. The most aggressive target on the stock is $12, whereas the most downbeat target is $9. 5 financial analysts are currently covering the stock.
Shares of Annaly Capital Management, Inc. rose by 5.78% in the last five trading days and 6.07% for the last 4 weeks. Annaly Capital Management, Inc. is up 10.08% in the last 3-month period. Year-to-Date the stock performance stands at 24.94%.
Annaly Capital Management Inc (NYSE:NLY) : Zacks Investment Research ranks Annaly Capital Management Inc (NYSE:NLY) as 2, which is a Buy 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 (NYSE:NLY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.96 and $10.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.07, notching a gain of 1.10% for the day. The total traded volume was 11,067,501 . The stock had closed at $10.95 on the previous day.
In an insider trading activity, Denahan Wellington, CEO of Annaly Capital Management Inc, executed a transaction worth $1,033,000 on August 21, 2015. A total of 100,000 shares were purchased at an average price of $10.33. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.