Analysts Set Annaly Capital Management, Inc. (NYSE:NLY) PT at $21.44

Annaly Capital Management, Inc. (NYSE:NLY) has received a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.44.

A number of brokerages have recently commented on NLY. Barclays began coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Argus upgraded shares of 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds and other institutional investors have recently bought and sold shares of NLY. Avior Wealth Management LLC increased its position in shares of Annaly Capital Management by 209.9% during 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 purchasing an additional 850 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $31,000. Blue Trust Inc. increased its position in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 549 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Annaly Capital Management during the 4th quarter valued at about $39,000. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.4 %

Shares of NLY stock opened at $21.64 on Tuesday. Annaly Capital Management has a 12 month low of $17.67 and a 12 month high of $21.88. The stock has a market cap of $12.51 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 4.89 and a beta of 1.52. The company’s fifty day moving average price is $19.63 and its 200-day moving average price is $19.80.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, sell-side analysts forecast that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 12.02%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio is currently 163.52%.

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.