Annaly Capital Management (NYSE:NLY) Shares Gap Down to $19.68

Annaly Capital Management, Inc. (NYSE:NLY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $19.68, but opened at $19.19. Annaly Capital Management shares last traded at $19.17, with a volume of 798,621 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Compass Point assumed coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective on the stock. Janney Montgomery Scott assumed coverage on Annaly Capital Management in a research report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, Jonestrading restated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.07.

Annaly Capital Management Stock Up 0.2 %

The company has a fifty day moving average price of $19.64 and a 200-day moving average price of $19.42. The stock has a market capitalization of $9.54 billion, a P/E ratio of -19.65 and a beta of 1.53.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $320.00 million. During the same period in the previous year, the firm posted $0.81 earnings per share. As a group, research analysts expect that Annaly Capital Management, Inc. will post 2.64 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders 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 annualized dividend and a yield of 13.64%. Annaly Capital Management’s payout ratio is currently -268.04%.

Institutional Investors Weigh In On Annaly Capital Management

Several large investors have recently added to or reduced their stakes in the stock. Old Port Advisors increased its stake in Annaly Capital Management by 21.1% during the first 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 last quarter. EverSource Wealth Advisors LLC increased its stake in Annaly Capital Management by 107.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,076 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Annaly Capital Management by 1.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 70,717 shares of the real estate investment trust’s stock worth $1,376,000 after acquiring an additional 791 shares during the last quarter. Alexander Labrunerie & CO. Inc. bought a new stake in Annaly Capital Management during the first quarter worth approximately $672,000. Finally, Cetera Advisors LLC increased its stake in Annaly Capital Management by 50.9% during the first quarter. Cetera Advisors LLC now owns 660,313 shares of the real estate investment trust’s stock worth $13,002,000 after acquiring an additional 222,711 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Company Profile

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.