J.P. Morgan Maintains Their Buy Rating on Annaly Capital (NLY)

J.P. Morgan analyst Richard Shane maintained a Buy rating on Annaly Capital (NLYResearch Report) today and set a price target of $7.00. The company’s shares closed last Friday at $6.44.

According to, Shane is a 5-star analyst with an average return of 14.0% and a 65.2% success rate. Shane covers the Financial sector, focusing on stocks such as Discover Financial Services, Claros Mortgage Trust, Inc., and Kkr Real Estate Finance.

Currently, the analyst consensus on Annaly Capital is a Moderate Buy with an average price target of $6.47.

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The company has a one-year high of $8.94 and a one-year low of $5.45. Currently, Annaly Capital has an average volume of 33.59M.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NLY in relation to earlier this year.

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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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