Analyst Rating Update on Annaly Capital Management Inc (NLY)

Annaly Capital Management Inc (NLY) has an average broker rating of 3, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Annaly Capital Management Inc (NLY) : The highest level Annaly Capital Management Inc (NLY) is projected to reach is $12 for the short term and the lowest estimate is at $10. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $10.8 and the possibility the share price can swing is $0.76.

Company shares have received an average consensus rating of Hold for the current week


Annaly Capital Management Inc (NYSE:NLY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.91 and $10.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.99, notching a gain of 0.55% for the day. The total traded volume was 7,883,283 . The stock had closed at $10.93 on the previous day.

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.

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