Analysts descend upon Annaly Capital Management, Inc (NYSE:NLY)

Posted by Steve Raasch August 20, 2013 0 Comment 1391 views

On Monday, Annaly Capital Management, Inc (NYSE:NLY) shares saw very large options trading. Investors purchased 7,818 put options on the stock. This indicates an almost 143% increase in comparison to the average options volume of 3,212.

Separately, insider Kristopher Robert Konrad bought 17,000 shares of NLY stock at an average price of $11.72/share, the total value of which was $199,240.00. Post completion of this purchase, Konrad is now the direct owner of 2,000 NLY shares. This purchase was disclosed in a company filing with the SEC.

Analyst opinion

Numerous analysts have posted research reports about Annaly lately. RBC Capital analysts chopped their target price on the company shares from $19.00 to $16.00 and now have an “outperform” rating in the shares. Jeffries Group analysts reiterated their “hold” rating on the stock and have now set a $12.00 price target on it, which previously stood at $11.00. Wunderlich analysts axed their price target on NLY shares from $13.30 to $12.50 and have set a “hold” rating on the stock.

Five analysts have assigned a “sell” rating, 8 have assigned a “hold’ rating and 4 have rated it as a “buy”. The average rating on the stock is a “hold” and the average analyst target price is $13.68. In Monday’s trading session, Annaly Capital Management, Inc (NYSE:NLY) stock dipped 5.41%. The opening price of the shares was $11.25 which touched an intraday high of $11.27 and closed at $10.66. More than 32.34 million shares were traded in Monday’s trading session and the average volume of shares traded over a 30-day period was 11.20 million. The company has a market cap of $3.14 billion.

About the company

NLY owns manages and finances a portfolio of real-estate related investments. This includes mortgage pass-through certificates, collateralized mortgage-obligations (CMOs), Agency callable-debentures as well as other securities that represent interests in or obligation-backed by various pools of mortgage-loans.

About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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