Merrill Lynch Reiterates a Hold Rating on Annaly Capital

By Ryan Adsit

In a report released today, Kenneth Bruce from Merrill Lynch reiterated a Hold rating on Annaly Capital (NYSE: NLY), with a price target of $11. The company’s shares closed yesterday at $10.26.

According to, Bruce is a 1-star analyst with an average return of -2.8% and a 39.1% success rate. Bruce covers the Financial sector, focusing on stocks such as Discover Financial Services, Apollo Investment Corp., and Astoria Financial Corp.

Currently, the analyst consensus on Annaly Capital is Moderate Buy and the average price target is $11.33, representing a 10.4% upside.

In a report issued on November 4, J.P. Morgan also reiterated a Hold rating on the stock with a $11 price target.

Based on Annaly Capital’s latest earnings report from December 31, the company posted quarterly revenue of $842.4M and quarterly net profit of $670M. In comparison, last year the company earned revenue of $-468.1M and had a net profit of -$627.3M.

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.