Annaly Capital Management (NYSE:NLY) Downgraded by StockNews.com

StockNews.com downgraded shares of Annaly Capital Management (NYSE:NLY) from a buy rating to a hold rating in a research note released on Wednesday morning.

A number of other research firms have also recently weighed in on NLY. Compass Point started coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They set a buy rating and a $22.00 price target for the company. Jonestrading restated a buy rating and set a $21.00 target price on shares of Annaly Capital Management in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reiterated an outperform rating and issued a $21.50 price target on shares of Annaly Capital Management in a research note on Wednesday, March 27th. Janney Montgomery Scott began coverage on shares of Annaly Capital Management in a report on Thursday, June 6th. They issued a buy rating and a $21.00 price target on the stock. Finally, JMP Securities restated a market perform rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management presently has a consensus rating of Moderate Buy and an average target price of $21.07.

Annaly Capital Management Stock Up 0.3 %

NLY stock opened at $19.01 on Wednesday. The business has a 50 day moving average price of $19.66 and a two-hundred day moving average price of $19.39. The company has a market cap of $9.51 billion, a price-to-earnings ratio of -19.60 and a beta of 1.54. Annaly Capital Management has a twelve month low of $14.52 and a twelve month high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. During the same period last year, the company earned $0.81 earnings per share. On average, equities research analysts anticipate that Annaly Capital Management will post 2.64 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.68%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

Hedge Funds Weigh In On Annaly Capital Management

A number of large investors have recently made changes to their positions in NLY. DNB Asset Management AS increased its stake in Annaly Capital Management by 18.2% during the 2nd quarter. DNB Asset Management AS now owns 95,328 shares of the real estate investment trust’s stock worth $1,817,000 after acquiring an additional 14,665 shares during the period. First Financial Bank Trust Division bought a new position in Annaly Capital Management during the 2nd quarter worth $510,000. GAMMA Investing LLC increased its stake in Annaly Capital Management by 68.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,459 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 1,408 shares during the period. Transcend Capital Advisors LLC increased its stake in Annaly Capital Management by 13.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 72,511 shares of the real estate investment trust’s stock worth $1,382,000 after acquiring an additional 8,709 shares during the period. Finally, Old Port Advisors increased its stake in Annaly Capital Management by 21.1% during the 1st quarter. Old Port Advisors now owns 76,520 shares of the real estate investment trust’s stock worth $1,507,000 after acquiring an additional 13,347 shares during the period. Institutional investors own 51.56% of the company’s stock.

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.