Exclusive: Could Annaly Capital Management, Inc. See a Reversal After This Very Weak Session?

Exclusive: Could Annaly Capital Management, Inc. See a Reversal After This Very Weak Session?

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 0.87% since March 11, 2016 and is downtrending. It has underperformed by 6.33% the S&P500.
The move comes after 9 months negative chart setup for the $9.94B company. It was reported on Oct, 14 by Barchart.com. We have $9.52 PT which if reached, will make NYSE:NLY worth $497.00M less.

Analysts await Annaly Capital Management, Inc. (NYSE:NLY) to report earnings on November, 2. They expect $0.28 earnings per share, 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 earnings per share 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 company was downgraded on Friday, January 15 by Wells Fargo. The company was downgraded on Wednesday, June 15 by Compass Point. The stock of Annaly Capital Management, Inc. (NYSE:NLY) has “Market Perform” rating given on Friday, August 14 by Wood. On Friday, October 9 the stock rating was upgraded by Bank of America to “Neutral”. The firm has “Hold” rating given on Monday, August 10 by Deutsche Bank. Wood maintained the shares of NLY in a report on Sunday, August 16 with “Hold” rating. FBR Capital upgraded Annaly Capital Management, Inc. (NYSE:NLY) rating on Tuesday, February 23. FBR Capital has “Outperform” rating and $12 price target. The rating was maintained by Deutsche Bank on Thursday, February 25 with “Hold”. On Friday, August 12 the stock rating was maintained by Deutsche Bank with “Hold”. FBR Capital upgraded Annaly Capital Management, Inc. (NYSE:NLY) rating on Friday, October 9. FBR Capital has “Mkt Perform” rating and $11 price target.

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 2016 Q2. Its down 0.14, from 1.34 in 2016Q1. The ratio worsened, 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.
Wells Fargo & Mn accumulated 1.25M shares or 0.01% of the stock. Cap Mgmt Assocs Ny has 1% invested in the company for 53,300 shares. Geode Cap Management Lc has invested 0.04% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY). Aperio Group Inc Limited Liability holds 0.06% or 736,804 shares in its portfolio. Hartford Investment Co has 24,976 shares for 0.01% of their US portfolio. First Allied Advisory accumulated 0.11% or 172,555 shares. Deere And Co has 0.05% invested in the company for 92,264 shares. Horrell Mgmt Inc has invested 0.03% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY). Old National Retail Bank In last reported 0.08% of its portfolio in the stock. Mycio Wealth Ltd Liability Company holds 5,678 shares or 0.01% of its portfolio. Quantitative Investment Mngmt Ltd accumulated 0.18% or 358,000 shares. Daiwa Sb Invs Limited owns 17,950 shares or 0.06% of their US portfolio. Cordasco Fin accumulated 830 shares or 0.01% of the stock. D E Shaw And Inc holds 0.08% of its portfolio in Annaly Capital Management, Inc. (NYSE:NLY) for 3.75 million shares. Aviance Capital Ltd Liability holds 2.20M shares or 0.73% of its portfolio.

Insider Transactions: Since May 6, 2016, the stock had 1 buying transaction, and 0 sales for $1.47 million net activity. Another trade for 135,600 shares valued at $1.47M was made by Singh R Nicholas on Friday, May 6.

More 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 Businesswire.com published the news titled: “Annaly Capital Management, Inc. Announces 3rd Quarter 2016 Common Stock Dividend” on September 15, 2016. Seekingalpha.com‘s news article titled: “Annaly: Buy On The Drop” with publication date: October 06, 2016 was also an interesting one.

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).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment