Annaly Capital Management (NYSE:NLY) downgraded to “Market Perform” at JMP Securities

Annaly Capital Management (NYSE: NLY) was downgraded by investment analysts at JMP Securities from an “outperforming” rating to a “market performance” rating in a note released Tuesday to investors, Briefing.com reports.

A number of other analysts also weighed in on NLY. TheStreet downgraded shares of Annaly Capital Management from a “b” rating to a “c+” rating in a Wednesday, January 19 research note. Barclays downgraded shares of Annaly Capital Management from an “overweight” rating to an “equally weighted” rating and set a target price of $9.00 for the stock. in a research note from Friday, October 29. One analyst rated the stock with a sell rating and five rated the company’s stock with a hold rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.15.

Shares of NYSE:NLY opened at $7.63 on Tuesday. The company has a debt ratio of 0.32, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $11.14 billion, a PE ratio of 3.93, a growth price-earnings ratio of 1.54 and a beta of 1.18. The company’s 50-day moving average is $7.99 and its two-hundred-day moving average is $8.37. Annaly Capital Management has a 1-year low of $7.29 and a 1-year high of $9.64.

Institutional investors and hedge funds have recently changed their positions in the stock. Kings Point Capital Management increased its stake in Annaly Capital Management by 101.9% in the third quarter. Kings Point Capital Management now owns 3,000 shares of the real estate investment trust worth $25,000 after buying 1,514 additional shares in the last quarter. TAP Consulting LLC acquired a new stake in shares of Annaly Capital Management in the fourth quarter worth approximately $25,000. Jacobi Capital Management LLC increased its holdings of Annaly Capital Management shares by 181.8% in the third quarter. Jacobi Capital Management LLC now owns 3,100 shares of the real estate investment trust valued at $26,000 after acquiring an additional 2,000 shares during the period. Focused Wealth Management Inc acquired a new stake in shares of Annaly Capital Management in the third quarter valued at approximately $29,000. Finally, AlphaMark Advisors LLC increased its stake in shares of Annaly Capital Management by 185.4% in the third quarter. AlphaMark Advisors LLC now owns 3,511 shares of the real estate investment trust worth $30,000 after acquiring 2,281 additional shares during the period. 41.59% of the shares are held by hedge funds and other institutional investors.

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Annaly Capital Management Company Profile

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 Lending group includes non-agency residential mortgage assets within securitized products and full lending markets.

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