Annaly Capital Management Inc (NLY) : 1 brokerage houses believe that Annaly Capital Management Inc (NLY) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Annaly Capital Management Inc (NLY). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Annaly Capital Management Inc (NLY) : The most positive equity analysts on Annaly Capital Management Inc (NLY) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $10.92 with an expected fluctuation of $0.74 from the mean.
Company shares have received an average consensus rating of Hold for the current week Annaly Capital Management Inc (NYSE:NLY): The stock opened at $11.25 on Thursday but the bulls could not build on the opening and the stock topped out at $11.25 for the day. The stock traded down to $11.05 during the day, due to lack of any buying support eventually closed down at $11.09 with a loss of -1.42% for the day. The stock had closed at $11.25 on the previous day. The total traded volume was 6,401,971 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Annaly Capital Management Inc, Denahan Wellington had purchased shares worth of $1,033,000 in a transaction dated on August 21, 2015. A total of 100,000 shares were purchased at a price of $10.33 per share. 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.