Annaly Capital Management Inc with ticker code (NLY) have now 8 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 7 and 6 and has a mean target at 6.53. Now with the previous closing price of 6.59 this is indicating there is a potential downside of -.9%. There is a 50 day moving average of 6.63 while the 200 day moving average is 7.71. The market capitalisation for the company is $9,716m. Company Website: https://www.annaly.com
The potential market cap would be $9,627m based on the market concensus.
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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.