Annaly Capital Management, Inc. (NLY) Downgraded by Piper Jaffray (PJC) to "Underweight"
Tuesday, July 12, 2021 12:11 PM

Equities research analysts at Piper Jaffray (NYSE: PJC) downgraded shares of Annaly Capital Management, Inc. (NYSE: NLY) to an "underweight" rating in a research note to investors on Tuesday. The analysts currently have a $23.00 price target on the stock.

Separately, analysts at Wedbush reiterated an "outperform" rating on shares of Annaly Capital Management, Inc. in a research note to investors on Wednesday, June 29th. Also, analysts at Citigroup (NYSE: C) cut their price target on shares of Annaly Capital Management, Inc. to $34.00 in a research note to investors on Thursday, June 23rd.

Shares of Annaly Capital Management, Inc. traded down 1.31% during mid-day trading on Wednesday, hitting $18.08. Annaly Capital Management, Inc. has a 52 week low of $16.73 and a 52 week high of $18.79. The stock's 50-day moving average is $18.29 and its 200-day moving average is $17.88. The company has a market cap of $14.704 billion and a price-to-earnings ratio of 7.34.

Annaly Capital Management, Inc. last announced its quarterly results on Thursday, May 5th. The company reported $0.70 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.59 EPS by $0.11. During the same quarter in the prior year, the company posted $0.62 earnings per share. On average, analysts predict that Annaly Capital Management, Inc. will post $0.64 EPS next quarter.

Annaly Capital Management, Inc. (Annaly) owns, manages and finances a portfolio of real estate related investment securities, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), agency callable debentures, and other securities representing interests in the obligations backed by pools of mortgage loans. The Company’s wholly owned subsidiaries offer real estate, asset management and other financial services. Fixed Income Discount Advisory Company (FIDAC) and Merganser Capital Management, Inc. (Merganser) manage a number of investment vehicles and separate accounts for which they earn fee income. The Company’s subsidiary, RCap Securities Inc. (RCap) operates as a broker-dealer. In November 2010, the Company announced the formation of Shannon Funding LLC, a wholly owned subsidiary.

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