Annaly Capital Management Receives Price Target Increase from JPMorgan Chase & Co.

Annaly Capital Management (NYSE:NLY) received a price target increase from JPMorgan Chase & Co., with the target now set at $21.00. This comes as the real estate investment trust continues to gain positive ratings from various research analysts. Janney Montgomery Scott, StockNews.com, Compass Point, JMP Securities, and Jonestrading have all issued buy ratings on the stock, with an average rating of Moderate Buy and a consensus price target of $21.06.

The stock opened at $20.74 on Tuesday, with a 52-week low of $14.52 and a high of $21.07. Annaly Capital Management reported quarterly earnings of $0.64 per share, meeting analysts’ expectations. The company also announced a quarterly dividend of $0.65 per share, with a yield of 12.54%.

Institutional investors have shown interest in Annaly Capital Management, with significant stakes being purchased by Dupree Financial Group LLC, Nomura Asset Management Co. Ltd., Louisiana State Employees Retirement System, Norges Bank, and Charles Schwab Investment Management Inc.

Annaly Capital Management, Inc. is a diversified capital manager that engages in mortgage finance, investing in various mortgage-backed securities and securitized products. With positive ratings and a strong financial performance, the company continues to attract investor interest.