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

Shares of Annaly Capital Management, Inc. (NYSE:NLY) reached a new 52-week high 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 brokerages recently commented on NLY. JPMorgan Chase & Co. increased their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Barclays began coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Stock Performance

The firm has a 50-day simple moving average of $20.14 and a two-hundred day simple moving average of $19.92. The company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 4.89 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, equities analysts forecast that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jupiter Wealth Management LLC boosted its position in Annaly Capital Management by 3.4% during the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust’s stock worth $275,000 after purchasing an additional 492 shares in the last quarter. Proffitt & Goodson Inc. boosted its holdings in shares of Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock worth $971,000 after purchasing an additional 505 shares during the last quarter. Cannell & Spears LLC increased its position in shares of Annaly Capital Management by 1.3% in the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust’s stock worth $755,000 after acquiring an additional 518 shares in the last quarter. LVZ Inc. boosted its position in Annaly Capital Management by 2.7% during the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 521 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 549 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

About Annaly Capital Management

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.