Annaly Capital Management Inc with ticker code (NLY) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 9.5 and 8 with a mean TP of 8.69. With the stocks previous close at 8.08 this indicates there is a potential upside of 7.5%. The day 50 moving average is 8.27 and the 200 day MA is 8.67. The market capitalisation for the company is $11,586m. You can visit the company’s website by visiting: https://www.annaly.com
Annaly Capital Management, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments. Annaly Capital Management also provides financing to private equity-backed middle market businesses; and operates as a broker-dealer. The company 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. Annaly Capital Management was founded in 1996 and is based in New York, New York.
