Annaly Capital Management (NYSE:NLY) Price Target Raised to $22.00

Annaly Capital Management (NYSE:NLYFree Report) had its target price raised by Royal Bank of Canada from $21.00 to $22.00 in a report published on Monday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on NLY. JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Finally, Barclays began coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.22.

Check Out Our Latest Stock Report on NLY

Annaly Capital Management Trading Up 1.8 %

Shares of NLY stock opened at $19.84 on Monday. Annaly Capital Management has a 12-month low of $17.67 and a 12-month high of $21.11. The company has a market cap of $11.12 billion, a price-to-earnings ratio of -283.36 and a beta of 1.51. The stock has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $19.70.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 13.11%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -3,714.29%.

Institutional Investors Weigh In On Annaly Capital Management

Hedge funds and other institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC boosted 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 worth $25,000 after buying an additional 850 shares during the last quarter. UMB Bank n.a. increased its position in Annaly Capital Management by 70.2% during the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 647 shares during the last quarter. Blue Trust Inc. grew its stake 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 buying an additional 717 shares during the period. Quarry LP acquired a new stake in shares of Annaly Capital Management during the 2nd quarter worth $36,000. Finally, Toth Financial Advisory Corp raised its holdings in Annaly Capital Management by 31.8% in 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 buying an additional 576 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Annaly Capital Management (NYSE:NLY)

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