Annaly Capital Management, Inc. (NYSE:NLY) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded Annaly Capital Management, Inc. (NYSE:NLY) to Hold in a statement released on 11/29/2016.
On Thursday February 25, 2016, Deutsche Bank released a statement about Annaly Capital Management, Inc. (NYSE:NLY) maintained the target price at $10.00 that suggested a downside of -0.02%.
Having a price of $10.31, Annaly Capital Management, Inc. (NYSE:NLY) traded 1.17% higher on the day. With the last stock price down -2.64% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. NLY has recorded a 50-day average of $10.16 and a two hundred day average of $10.62. Trade Volume was down over the average, with 3,344,439 shares of NLY changing hands under the typical 7,304,400
Recent Performance Chart
Annaly Capital Management, Inc. has PE ratio of 55.59 with a one year low of $8.25 and a one year high of $11.29 and has a market capitalization of $0.
A total of 15 brokerages have issued a ratings update on Annaly Capital Management, Inc.. One brokerage rating the company a strong buy, three brokerages rating the company a buy, eleven brokerages rating the company a hold, three brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $10.65.
General Company Details For 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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