Annaly Capital Management Inc (NLY) : 6 investment research analysts covering Annaly Capital Management Inc (NLY) have an average price target of $11 for the near short term. The highest target price given by the Brokerage Firm to the stock is $12 and the lowest target is $10 for the short term. Analysts expect the variance to be within $0.71 of the average price.
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 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Annaly Capital Management Inc (NYSE:NLY). In the latest research report, Deutsche Bank raises the target price from $10.5 per share to $11 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 12, 2016.
Annaly Capital Management Inc (NYSE:NLY): The stock was completely flat for the day, closing at $10.71 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $10.71, the stock touched an intraday high of $10.74 and a low of $10.63. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $10.71. The total trading volume on Thursday was 6,760,343.
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.