A statement released earlier today by Zacks Investment Research about Annaly Capital Management, Inc. (NYSE:NLY) ups the target price to $11.00
- Updated: October 12, 2016
Having a price of $10.02, Annaly Capital Management, Inc. (NYSE:NLY) traded 0.90% higher on the day. With the last close down -5.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Annaly Capital Management, Inc. has recorded a 50-day average of $10.58 and a two hundred day average of $10.69. Volume of trade was down over the average, with 4,547,301 shares of NLY changing hands under the typical 8,682,260
Indicating a possible upside of 0.10%, Zacks Investment Research bumped up the target price of Annaly Capital Management, Inc. (NYSE:NLY) to $11.00
With a total market value of $0, Annaly Capital Management, Inc. has with a one year low of $8.25 and a one year high of $11.29 .
A total of 15 analysts have released a research note on Annaly Capital Management, Inc.. One analyst rating the company a strong buy, three analysts rating the company a buy, eleven analysts rating the company a hold, three analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $10.65.
More About Annaly Capital Management, Inc. (NYSE:NLY)
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. Its business operations primarily consist of Annaly Commercial Real Estate Group, Inc. (ACREG), which 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 engages in corporate middle market lending transactions, and RCap Securities, Inc. (RCap), which operates as a broker-dealer, and is a member of the Financial Industry Regulatory Authority (FINRA). It is managed by Annaly Management Company LLC.
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