Shares of Annaly Capital Management, Inc. (NYSE:NLY – Get Free Report) have been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $21.50.
A number of equities research analysts have recently weighed in on NLY shares. Wells Fargo & Company raised shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. JPMorgan Chase & Co. increased their price objective on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday. StockNews.com downgraded Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Compass Point increased their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th.
Check Out Our Latest Analysis on NLY
Insiders Place Their Bets
Institutional Trading of Annaly Capital Management
Several institutional investors have recently bought and sold shares of NLY. Rise Advisors LLC acquired a new stake in Annaly Capital Management in the 1st quarter valued at $29,000. UMB Bank n.a. grew its position in shares of Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares during the period. Quarry LP purchased a new stake in shares of Annaly Capital Management during the second quarter worth about $36,000. Register Financial Advisors LLC acquired a new position in shares of Annaly Capital Management during the 1st quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Annaly Capital Management by 107.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,076 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Stock Performance
Annaly Capital Management stock opened at $20.28 on Wednesday. Annaly Capital Management has a one year low of $14.52 and a one year high of $21.11. The stock has a market cap of $10.15 billion, a PE ratio of -20.91 and a beta of 1.51. The stock has a 50-day moving average of $20.11 and a two-hundred day moving average of $19.73.
Annaly Capital Management (NYSE:NLY – Get Free Report) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. During the same period last year, the business earned $0.72 EPS. As a group, sell-side analysts predict that Annaly Capital Management will post 2.66 EPS for the current fiscal year.
Annaly Capital Management Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.82%. Annaly Capital Management’s dividend payout ratio is presently -268.04%.
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.
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