Annaly Capital Management Inc. with ticker code (NLY) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 24.5 and 18.5 with the average target price sitting at 21.5. With the stocks previous close at 22.26 this indicates there is a potential downside of -3.4%. The 50 day moving average now sits at 21.73 and the 200 moving average now moves to 23.37. The market capitalisation for the company is $10,663m. You can visit the company’s website by visiting: https://www.annaly.com
The potential market cap would be $10,299m 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.
