Annaly Capital Management (NYSE:NLY) Hits New 12-Month High – What’s Next?

Annaly Capital Management, Inc. (NYSE:NLY) shares reached a new 52-week high during trading on Monday . The company traded as high as $22.11 and last traded at $21.96, with a volume of 437681 shares trading hands. The stock had previously closed at $21.85.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays assumed coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $21.44.

Annaly Capital Management Price Performance

The company has a market capitalization of $12.11 billion, a P/E ratio of 13.17, a P/E/G ratio of 4.89 and a beta of 1.53. The stock’s 50 day moving average is $20.26 and its 200-day moving average is $19.93.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Annaly Capital Management during the 4th quarter valued at $31,000. Blue Trust Inc. lifted its stake in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 549 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in Annaly Capital Management in the 4th quarter valued at $39,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.