Annaly Capital Management found using ticker (NLY) now have 8 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 8.25 and 7.25 and has a mean target at 7.75. Given that the stocks previous close was at 7.08 this indicates there is a potential upside of 9.5%. The 50 day moving average now sits at 7.45 and the 200 moving average now moves to 8.31. The company has a market cap of $10,354m. Find out more information at: https://www.annaly.com
The potential market cap would be $11,334m based on the market concensus.
Annaly Capital Management, a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal ome tax to the extent that it distributes its taxable ome to its shareholders. The company was founded in 1996 and is based in New York, New York.
