Annaly Capital Management, Inc. (NYSE:NLY) & Calpine Corporation (NYSE:CPN) Traders Recap
- Author: Arturo Norris Feb 23, 2017,
Feb 23, 2017, 23:17
Annaly Capital Management, Inc. highlighted its earnings success in the latest quarter as it beat the Street's earnings consensus estimates of $0.29 by $0.01. They now have a Dollars 12.75 price target on the stock. Investors jumped in to buy the shares on weakness. During the same quarter previous year, the firm posted $0.33 EPS. Recently, investment analysts covering the stock have updated the mean rating to 3.2.
"Annaly Capital Management Inc (NLY) Upgraded by TheStreet to B-" was originally posted by BBNS and is owned by of BBNS. Acrospire Investment Management LLC bought a new position in Annaly Capital Management during the second quarter valued at approximately $101,000. In a separate analyst note, BofA/Merrill downgraded the stock on Dec 15, 2016. The mean PT for this stock is at $10.30 while the max. level suggested by the brokerage firms is $11.00 and min. PT is $9.00.
Annaly Capital Management, Inc.'s (NLY ) stock price distance from twenty day simple moving average surged at 4.13% while its distance from fifty day simple moving average raised 6.18% along with 7.34% above distance from two hundred simple moving averages. The stock has added about 2.9% since it reported its last earnings. (NYSE:MO) stock have an ABR of 2.00. For the past 5 years, the company's revenue has grown -0.3%, while the company's earnings per share has grown -22.5%. While some analysts have a High Price target for the stock of $11 and a Low Price Target of $9. The fiscal year 2016 current estimate trend was for $1.17 as compared to FY 2017 current Estimate trends of $1.14. Leading up to this report, we have seen a 6.59% rise in the stock price over the last 30 days and a 11.13% increase over the past 3 months. The company has a market capitalization of $11.02 billion, a PE ratio of 7.78 and a beta of 0.19. (NYSE:NLY) moved up 0.19% and closed its last trading session at $10.82. Annaly Capital Management had a net margin of 15.41% and a return on equity of 10.78%.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. If you are reading this story on another domain, it was illegally copied and republished in violation of United States and worldwide copyright & trademark legislation.
Several hedge funds have recently made changes to their positions in NLY. The ex-dividend date is Wednesday, December 28th.
"Annaly Capital Management Inc (NLY) Stock Rating Upgraded by Zacks Investment Research" was published by The Cerbat Gem and is the property of of The Cerbat Gem.
06/05/2015 - Annaly Capital Management Inc had its "neutral" rating reiterated by analysts at Citigroup.
Annaly Capital Management Inc has a Price to Earnings ratio of 9.18 for the trailing twelve month period. Zacks Investment Research cut Annaly Capital Management from a "buy" rating to a "hold" rating in a report on Tuesday, November 29th. Wright Investors Service Inc. boosted its stake in shares of Annaly Capital Management by 1.1% in the second quarter. Finally, Brown Advisory Securities LLC acquired a new position in Annaly Capital Management during the third quarter worth $116,000. During the trading on 02/21/2017, Company's stock ranged from $72.75 to $73.73. While it's Return on Investment (ROI) value is 1.7%. Following the completion of the transaction, the insider now directly owns 38,000 shares of the company's stock, valued at approximately $385,700. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities. The Company's principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation.