Annaly Capital Management Inc. with ticker code (NLY) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 24.5 and 22 with the average target price sitting at 22.97. Now with the previous closing price of 20.14 this now indicates there is a potential upside of 14.1%. The 50 day moving average now sits at 22.1 and the 200 moving average now moves to 22.83. The market cap for the company is $9,872m. You can visit the company’s website by visiting: https://www.annaly.com
The potential market cap would be $11,260m based on the market concensus.
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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; residential mortgage loans; and agency or private label credit risk transfer securities. 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 incorporated in 1996 and is based in New York, New York.
