KBW Keeps Their Hold Rating on Annaly Capital

By Austin Angelo

In a report issued on June 28, Bose George from KBW reiterated a Hold rating on Annaly Capital (NYSE: NLY), with a price target of $11.25. The company’s shares closed yesterday at $12.

According to TipRanks.com, George is a 5-star analyst with an average return of 13.9% and a 71.6% success rate. George covers the Financial sector, focusing on stocks such as Federal Home Loan Mortgage Corporation, Fidelity National Financial Ventures, and Stewart Information Services Corp.

Annaly Capital has an analyst consensus of Hold, with a price target consensus of $11.63.

Based on Annaly Capital’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $525 million and quarterly net profit of $441 million. In comparison, last year the company earned revenue of $364 million and had a GAAP net loss of $868 million.

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Annaly Capital Management, Inc. engages in the provision of real estate related investments. It offers a range of services and portfolio products including mortgage pass-trough certificates, collateralized mortgage obligation, agency callable debentures, other securities representing interests in or obligations banked by pools of mortgage loans, commercial real estate assets and corporate debt. 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.