Annaly Capital Management, Inc. (NYSE:NLY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $21.50.

NLY has been the subject of a number of research reports. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, December 9th.

Institutional Investors Weigh In On Annaly Capital Management

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Toth Financial Advisory Corp increased its holdings in shares of Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 576 shares in the last quarter. Wesbanco Bank Inc. grew its position in Annaly Capital Management by 2.8% during the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 584 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Annaly Capital Management by 3.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock valued at $391,000 after buying an additional 597 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Annaly Capital Management by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 647 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Annaly Capital Management by 5.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 13,006 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $18.98 on Monday. The stock’s fifty day moving average is $19.39 and its two-hundred day moving average is $19.75. The stock has a market cap of $10.64 billion, a PE ratio of -271.14 and a beta of 1.51. Annaly Capital Management has a 1-year low of $17.67 and a 1-year high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter in the prior year, the business earned $0.66 EPS. On average, research analysts expect that Annaly Capital Management will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.70%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.