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

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.33.

NLY has been the topic of a number of research analyst reports. Compass Point boosted their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. decreased their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $23.00 in a research note on Friday, September 20th. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, October 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $19.69 on Friday. Annaly Capital Management has a fifty-two week low of $17.23 and a fifty-two week high of $21.11. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of -281.29 and a beta of 1.52. The stock has a 50 day moving average of $19.87 and a 200 day moving average of $19.84.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data 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). Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. During the same period in the previous year, the business posted $0.66 earnings per share. Analysts forecast that Annaly Capital Management will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.20%. The ex-dividend date of this dividend was Monday, September 30th. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

Institutional Trading of Annaly Capital Management

Several hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Annaly Capital Management by 531.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,981,081 shares of the real estate investment trust’s stock worth $79,900,000 after acquiring an additional 3,350,435 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Annaly Capital Management by 8.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,990,064 shares of the real estate investment trust’s stock worth $361,061,000 after purchasing an additional 1,342,056 shares in the last quarter. Cetera Investment Advisers increased its holdings in Annaly Capital Management by 454.6% in the first quarter. Cetera Investment Advisers now owns 1,010,542 shares of the real estate investment trust’s stock valued at $19,898,000 after buying an additional 828,325 shares during the last quarter. Swedbank AB acquired a new stake in Annaly Capital Management in the first quarter valued at $12,781,000. Finally, International Assets Investment Management LLC lifted its holdings in Annaly Capital Management by 2,254.2% during the 3rd quarter. International Assets Investment Management LLC now owns 449,706 shares of the real estate investment trust’s stock worth $90,260,000 after buying an additional 430,604 shares during the last quarter. Institutional investors and hedge funds 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.