TipRanksStock Market NewsNLY NewsBTIG Sticks to Their Hold Rating for Annaly Capital (NLY)

BTIG Sticks to Their Hold Rating for Annaly Capital (NLY)

BTIG analyst Eric Hagen maintained a Hold rating on Annaly Capital (NLYResearch Report) on May 16. The company’s shares closed last Friday at $6.32, close to its 52-week low of $6.18.

According to TipRanks.com, Hagen is a 1-star analyst with an average return of -3.3% and a 36.5% success rate. Hagen covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Broadmark Realty Capital, and Kkr Real Estate Finance.

Currently, the analyst consensus on Annaly Capital is a Hold with an average price target of $6.50, a 2.2% upside from current levels. In a report issued on May 2, Bank of America Securities also maintained a Hold rating on the stock with a $6.00 price target.

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Annaly Capital’s market cap is currently $9.23B and has a P/E ratio of 3.63.

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Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit, and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. The Commercial Real Estate group includes commercial mortgage, loans, securities, and other commercial real estate debt, and equity investments. The Middle Market Lending group provides financing to private equity backed middle market businesses across the capital structures. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on November 25, 1996 and is headquartered in New York, NY.

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