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) stock is expected to deviate a maximum of $0.71 from the average target price of $11 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $12 and the most muted being $10.
Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Annaly Capital Management Inc (NYSE:NLY). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank raises the price target from $10.5 per share to $11 per share. The rating by the firm was issued on August 12, 2016.
Annaly Capital Management Inc (NYSE:NLY): After opening at $10.51, the stock dipped to an intraday low of $10.45 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.59 and the buying power remained strong till the end. The stock closed at $10.53 for the day, a gain of 0.19% for the day session. The total traded volume was 8,077,397. The stocks close on the previous trading day was $10.51.
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.