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

Annaly Capital Management, Inc. (NYSE:NLY) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $21.50.

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

Institutional Investors Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC lifted its stake in Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 850 shares in the last quarter. UMB Bank n.a. raised its holdings 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 worth $31,000 after acquiring an additional 647 shares during the last quarter. Quarry LP purchased a new stake in shares of Annaly Capital Management in the second quarter valued at $36,000. Toth Financial Advisory Corp boosted its stake in shares of Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 576 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new stake in Annaly Capital Management during the 3rd quarter worth about $63,000. 51.56% of the stock is currently owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $18.94 on Monday. The business has a 50 day simple moving average of $19.51 and a 200-day simple moving average of $19.81. Annaly Capital Management has a 12 month low of $17.67 and a 12 month high of $21.11. The stock has a market capitalization of $10.62 billion, a PE ratio of -270.57 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 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 previous year, the company posted $0.66 EPS. As a group, equities research analysts anticipate that Annaly Capital Management will post 2.65 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 13.73%. Annaly Capital Management’s dividend payout ratio 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.