The stock of Annaly Capital Management, Inc. (NYSE:NLY) is a huge mover today! The stock increased 1.21% or $0.12 during the last trading session, hitting $10.02. Annaly Capital Management, Inc. (NYSE:NLY) has declined 2.63% since March 9, 2016 and is downtrending. It has underperformed by 10.04% the S&P500.
The move comes after 6 months positive chart setup for the $9.94B company. It was reported on Oct, 12 by Barchart.com. We have $16.83 PT which if reached, will make NYSE:NLY worth $6.76B more.
Analysts await Annaly Capital Management, Inc. (NYSE:NLY) to report earnings on November, 2. They expect $0.28 EPS, down 6.67% or $0.02 from last year’s $0.3 per share. NLY’s profit will be $277.76M for 8.95 P/E if the $0.28 EPS becomes a reality. After $0.29 actual EPS reported by Annaly Capital Management, Inc. for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.
Annaly Capital Management, Inc. (NYSE:NLY) Ratings Coverage
Out of 8 analysts covering Annaly Capital Management Inc (NYSE:NLY), 2 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 25% are positive. Annaly Capital Management Inc has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Annaly Capital Management, Inc. (NYSE:NLY) earned “Market Perform” rating by Wells Fargo on Friday, January 15. Deutsche Bank maintained the shares of NLY in a report on Monday, August 10 with “Hold” rating. Wood maintained Annaly Capital Management, Inc. (NYSE:NLY) on Friday, August 14 with “Market Perform” rating. Compass Point upgraded it to “Buy” rating and $11 target price in Thursday, August 13 report. The stock of Annaly Capital Management, Inc. (NYSE:NLY) earned “Buy” rating by Nomura on Wednesday, August 12. Deutsche Bank maintained the shares of NLY in a report on Thursday, February 25 with “Hold” rating. As per Friday, October 9, the company rating was upgraded by Bank of America. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, January 18. The stock has “Sell” rating given by Compass Point on Wednesday, June 15. The stock has “Mkt Perform” rating given by FBR Capital on Friday, October 9.
According to Zacks Investment Research, “Annaly Capital Management, Inc. owns, manages, and finances a portfolio of real estate related investment securities, including mortgage pass-through certificates, collateralized mortgage obligations (or CMOs) and agency callable debentures. Annaly also manages other securities representing interests in or obligations backed by pools of mortgage loans. The Company wholly-owned subsidiaries offer diversified real estate, asset management and other financial services. Annaly’s principal business objective is to generate net income for distribution to investors from its Investment Securities and from dividends it receives from its subsidiaries. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT).”
Insitutional Activity: The institutional sentiment decreased to 1.2 in Q2 2016. Its down 0.14, from 1.34 in 2016Q1. The ratio turned negative, as 41 funds sold all Annaly Capital Management, Inc. shares owned while 137 reduced positions. 43 funds bought stakes while 170 increased positions. They now own 512.13 million shares or 1.12% more from 506.46 million shares in 2016Q1.
Virginia Retirement Systems Et Al holds 214,100 shares or 0.03% of its portfolio. Wealthtrust last reported 0% of its portfolio in the stock. Moreover, Lsv Asset Mngmt has 0.44% invested in Annaly Capital Management, Inc. (NYSE:NLY) for 19.56M shares. Mizuho Tru & Limited accumulated 0.05% or 1.48M shares. Pictet Asset Mngmt Ltd accumulated 401,698 shares or 0.02% of the stock. Amer Intl Grp accumulated 30,989 shares or 0% of the stock. Gateway Inv Advisers Ltd Company last reported 1.63 million shares in the company. Cetera Advisor Networks Limited Liability Corp last reported 272,304 shares in the company. Planning has invested 0.15% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY). Teachers Advisors accumulated 1.59 million shares or 0.03% of the stock. Doheny Asset Management Ca accumulated 0.17% or 30,000 shares. Id Management A S has 0.09% invested in the company for 25,200 shares. New York State Common Retirement Fund has 0.05% invested in the company for 2.92 million shares. Whittier Trust has 1,000 shares for 0% of their US portfolio. Livingston Asset (Operating As Southport Management) holds 0.03% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY) for 4,225 shares.
Insider Transactions: Since May 6, 2016, the stock had 1 buy, and 0 sales for $1.47 million net activity. 135,600 shares were bought by Singh R Nicholas, worth $1.47 million.
More notable recent Annaly Capital Management, Inc. (NYSE:NLY) news were published by: Forbes.com which released: “Annaly Capital Management (NLY) Passes Through 10% Yield Mark” on September 28, 2016, also Seekingalpha.com with their article: “Annaly: Buy On The Drop” published on October 06, 2016, Businesswire.com published: “Annaly Capital Management, Inc. Announces 3rd Quarter 2016 Common Stock Dividend” on September 15, 2016. More interesting news about Annaly Capital Management, Inc. (NYSE:NLY) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Annaly Capital , Corporate Office Properties Trust and …” published on September 26, 2016 as well as Prnewswire.com‘s news article titled: “REIT Stocks Under Review — VEREIT, Annaly Capital, Spirit Realty, and …” with publication date: October 12, 2016.
NLY Company Profile
Annaly Capital Management, Inc. (Annaly), incorporated on November 25, 1996, is a mortgage real estate investment trust (REIT). The Firm owns a portfolio of real estate related investments. The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Annaly invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments. The Company’s portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities. The Company’s business primarily consist of Annaly Commercial Real Estate Group, Inc. (ACREG), which is its subsidiary that specializes in originating or acquiring, financing and managing commercial loans and other commercial real estate debt, commercial mortgage-backed securities and other commercial real estate-related assets; Annaly Middle Market Lending LLC (MML), which is its subsidiary that engages in corporate middle market lending transactions, and RCap Securities, Inc. (RCap), which is its subsidiary that operates as a broker-dealer, and is a member of the Financial Industry Regulatory Authority (FINRA).
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