Shares of Annaly Capital Management Inc. (NYSE:NLY) saw unusually-high trading volume on Monday . Approximately 8,150,372 shares changed hands during trading, an increase of 6% from the previous session’s volume of 7,686,129 shares.The stock last traded at $10.54 and had previously closed at $10.46.
NLY has been the topic of several research reports. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Thursday, June 30th. Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a research report on Monday, August 8th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $11.00 price objective on shares of Annaly Capital Management in a research report on Friday, August 5th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $11.50 price objective on shares of Annaly Capital Management in a research report on Friday. Finally, Deutsche Bank AG lifted their price objective on Annaly Capital Management from $10.50 to $11.00 and gave the company a “hold” rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.06.
The company’s market cap is $10.59 billion. The company has a 50 day moving average price of $10.92 and a 200 day moving average price of $10.65.
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Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a negative net margin of 68.57% and a positive return on equity of 10.85%. During the same period in the prior year, the business posted $0.41 earnings per share. Equities analysts predict that Annaly Capital Management Inc. will post $1.18 earnings per share for the current year.
About Annaly Capital Management
Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
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