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

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $21.14.

A number of brokerages have commented on NLY. Janney Montgomery Scott started coverage on Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target for the company. Jonestrading reiterated a “buy” rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Thursday, April 25th. StockNews.com lowered shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, Compass Point raised their target price on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a “buy” rating in a report on Friday, July 26th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Core Wealth Advisors Inc. lifted its stake in Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Annaly Capital Management during the first quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter valued at approximately $33,000. First United Bank & Trust acquired a new stake in shares of Annaly Capital Management in the fourth quarter worth approximately $33,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Annaly Capital Management during the first quarter worth approximately $37,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 2.8 %

NLY opened at $19.76 on Friday. The company has a market cap of $9.90 billion, a P/E ratio of -20.37 and a beta of 1.53. The firm’s 50-day moving average price is $19.77 and its 200-day moving average price is $19.43. Annaly Capital Management has a 52-week low of $14.52 and a 52-week high of $21.07.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates 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 in the prior year, the business posted $0.72 EPS. On average, research analysts anticipate that Annaly Capital Management will post 2.67 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.16%. The ex-dividend date of this dividend was Friday, June 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

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.