Annaly Capital Management (NYSE:NLY) Hits New 1-Year High – Time to Buy?

Shares of Annaly Capital Management, Inc. (NYSE:NLY) hit a new 52-week high during trading on Monday . The company traded as high as $22.11 and last traded at $21.96, with a volume of 437681 shares trading hands. The stock had previously closed at $21.85.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price objective on shares of Annaly Capital Management in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their target price on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays assumed coverage on Annaly Capital Management in a research note on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Finally, JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Stock Up 0.6 %

The stock has a market capitalization of $12.72 billion, a P/E ratio of 13.83, a P/E/G ratio of 4.89 and a beta of 1.53. The firm’s 50 day simple moving average is $20.14 and its two-hundred day simple moving average is $19.92.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, equities research analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jupiter Wealth Management LLC lifted its position in Annaly Capital Management by 3.4% during the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 492 shares during the period. Proffitt & Goodson Inc. raised its position in Annaly Capital Management by 1.0% in the 4th quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock worth $971,000 after buying an additional 505 shares during the last quarter. Cannell & Spears LLC lifted its position in Annaly Capital Management by 1.3% during the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust’s stock valued at $755,000 after purchasing an additional 518 shares during the period. LVZ Inc. increased its position in shares of Annaly Capital Management by 2.7% during the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 521 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 549 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.