Annaly Capital Management Inc with ticker code (NLY) now have 8 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 7 and 6 with the average target price sitting at 6.53. With the stocks previous close at 6.74 this now indicates there is a potential downside of -3.1%. The day 50 moving average is 6.35 while the 200 day moving average is 7.16. The market cap for the company is $11,605m. Visit the company website at: https://www.annaly.com
The potential market cap would be $11,243m 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 income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.
