AllAnalyst Report
logoArgusFebruary 19, 2021

Annaly Capital Management, Inc.: Reiterating BUY and $9 target

Symbols
NLY
Sector(s)
Real Estate
Rating
Current Price
$8.66
Price Target
$NaN
Earnings Estimate
Summary

Annaly Capital Management is a leading diversified capital manager. It is a publicly traded REIT that invests in and finances residential and commercial assets. The company has four different types of businesses: Agency, Middle Market Lending, Commercial Real Estate, and Residential Credit. The company's primary investment portfolio consists of agency mortgage-backed securities (MBS), managed on a leveraged basis. The company uses an actively managed portfolio and hedging strategies with the goal of preserving net asset value in different interest rate scenarios.

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Analyst Profile

Kevin Heal

Chief Compliance Officer & Senior Analyst: Financial Services
Kevin is the Chief Compliance Officer for the Argus Research Group. His responsibilities include ensuring that the firm is SEC compliant and adheres to all rules and regulations. He has over thirty years of Wall Street experience with both large investment banks and regional dealers most recently with a hedge fund Sandler Capital Management. He will also provide research coverage for select financial institutions under coverage at Argus Research Company. Kevin graduated from Northwestern University with a B.A. in Economics and maintains the Series 65 registration.