Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.38 Consensus Price Target from Analysts

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.38.

Several research firms have recently commented on NLY. Compass Point upped their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a report on Friday, July 26th. Janney Montgomery Scott started coverage on Annaly Capital Management in a research note on Thursday, June 6th. They set a “buy” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. StockNews.com lowered Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, Wells Fargo & Company raised Annaly Capital Management from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $19.00 to $23.00 in a report on Friday.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $20.31 on Friday. Annaly Capital Management has a fifty-two week low of $14.52 and a fifty-two week high of $21.11. The company has a market cap of $10.16 billion, a PE ratio of -20.94 and a beta of 1.52. The business has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $19.70.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter last year, the company posted $0.72 earnings per share. On average, sell-side analysts predict that Annaly Capital Management will post 2.67 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.80%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

Insiders Place Their Bets

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total value of $1,002,500.00. Following the completion of the sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Annaly Capital Management

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Core Wealth Advisors Inc. boosted its position in shares of Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,000 shares during the period. Rise Advisors LLC purchased a new position in Annaly Capital Management during the 1st quarter valued at about $29,000. Quarry LP purchased a new stake in Annaly Capital Management during the second quarter worth about $36,000. Register Financial Advisors LLC acquired a new stake in shares of Annaly Capital Management during the first quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 1,076 shares in the last quarter. 51.56% of the stock is currently owned by hedge funds and other 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.