Annaly Capital Management Inc with ticker code (NLY) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 7 and 6 with a mean TP of 6.47. Given that the stocks previous close was at 6.07 this would indicate that there is a potential upside of 6.6%. There is a 50 day moving average of 6.36 and the 200 day MA is 7.47. The company has a market capitalisation of $9,585m. You can visit the company’s website by visiting: https://www.annaly.com
The potential market cap would be $10,216m 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.
