Annaly Capital Management Inc. found using ticker (NLY) now have 10 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 24 and 18.5 calculating the mean target price we have 21. With the stocks previous close at 22.54 this would indicate that there is a downside of -6.8%. There is a 50 day moving average of 21.1 while the 200 day moving average is 23.61. The company has a market cap of $10,635m. Company Website: https://www.annaly.com
The potential market cap would be $9,908m 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.
