Cranston covers the Financial sector, focusing on stocks such as AGNC Investment, Annaly Capital, and Chimera Investment. According to TipRanks, Cranston has an average return of 3.3% and a 52.11% success rate on recommended stocks.
Currently, the analyst consensus on Annaly Capital is a Moderate Buy with an average price target of $6.75, which is a 1.96% upside from current levels. In a report released on July 28, Piper Sandler also maintained a Hold rating on the stock with a $7.00 price target.
NLY market cap is currently $11.29B and has a P/E ratio of 2.60.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on NLY:
- JMP Securities Keeps Their Buy Rating on DigitalOcean Holdings (DOCN)
- JMP Securities Sticks to Its Buy Rating for Oaktree Specialty Lending (OCSL)
- JMP Securities Remains a Buy on PubMatic (PUBM)
- Apollo Global Management (APO) Receives a Hold from JMP Securities
- UBS downgrades Sanofi (SNYNF) to a Hold