Fintel reports that on January 6, 2025, Barclays initiated coverage of Annaly Capital Management (NYSE:NLY) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 16.38% Upside
As of December 23, 2024, the average one-year price target for Annaly Capital Management is $21.88/share. The forecasts range from a low of $20.20 to a high of $24.68. The average price target represents an increase of 16.38% from its latest reported closing price of $18.80 / share.
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The projected annual revenue for Annaly Capital Management is 4,292MM, an increase of 1,061.98%. The projected annual non-GAAP EPS is 2.95.
What is the Fund Sentiment?
There are 986 funds or institutions reporting positions in Annaly Capital Management. This is an increase of 49 owner(s) or 5.23% in the last quarter. Average portfolio weight of all funds dedicated to NLY is 0.19%, an increase of 10.97%. Total shares owned by institutions increased in the last three months by 15.40% to 354,833K shares. 
The put/call ratio of NLY is 0.37, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 26,154K shares representing 4.67% ownership of the company. In its prior filing, the firm reported owning 432K shares , representing an increase of 98.35%. The firm increased its portfolio allocation in NLY by 6,034.25% over the last quarter.
Allspring Global Investments Holdings holds 17,990K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 16,648K shares , representing an increase of 7.46%. The firm decreased its portfolio allocation in NLY by 57.68% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,931K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 15,880K shares , representing an increase of 0.32%. The firm decreased its portfolio allocation in NLY by 0.78% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 15,662K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 15,566K shares , representing an increase of 0.62%. The firm decreased its portfolio allocation in NLY by 3.24% over the last quarter.
WFMDX - Wells Fargo Special Mid Cap Value Fund Administrator Class holds 14,431K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 13,350K shares , representing an increase of 7.49%. The firm decreased its portfolio allocation in NLY by 1.80% over the last quarter.
Annaly Capital Management Background Information
(This description is provided by the company.)
Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Annaly's principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes.
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