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

Annaly Capital Management, Inc. (NYSE:NLY) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.50.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday.

Hedge Funds Weigh In On Annaly Capital Management

Several large investors have recently modified their holdings of the stock. Toth Financial Advisory Corp lifted its stake 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 worth $48,000 after purchasing an additional 576 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Annaly Capital Management by 2.8% during the 3rd quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock worth $428,000 after acquiring an additional 584 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Annaly Capital Management by 3.0% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 597 shares during the period. UMB Bank n.a. grew its position in Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 647 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in Annaly Capital Management by 5.3% in the third quarter. First Citizens Bank & Trust Co. now owns 13,006 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 653 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.2 %

Shares of Annaly Capital Management stock opened at $19.77 on Thursday. Annaly Capital Management has a twelve month low of $17.67 and a twelve month high of $21.11. The company has a market cap of $11.08 billion, a price-to-earnings ratio of -282.36 and a beta of 1.51. The company’s 50 day moving average is $19.65 and its 200 day moving average is $19.84.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period in the previous year, the firm earned $0.66 EPS. Sell-side analysts expect that Annaly Capital Management will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.15%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s payout ratio is -3,714.29%.

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.