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

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.22.

Several research firms recently issued reports on NLY. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Royal Bank of Canada raised their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday. Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Annaly Capital Management

Several hedge funds have recently made changes to their positions in NLY. Avior Wealth Management LLC boosted its position in shares of Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares in the last quarter. UMB Bank n.a. boosted its position in shares of 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 valued at $31,000 after purchasing an additional 647 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Annaly Capital Management by 78.5% during the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares in the last quarter. Quarry LP bought a new stake in shares of Annaly Capital Management during the second quarter valued at approximately $36,000. Finally, Toth Financial Advisory Corp boosted 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 worth $48,000 after acquiring an additional 576 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors.

Annaly Capital Management Price Performance

NLY opened at $19.91 on Friday. The stock’s 50 day simple moving average is $19.25 and its 200 day simple moving average is $19.70. Annaly Capital Management has a 1 year low of $17.67 and a 1 year high of $21.11. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of -284.40 and a beta of 1.51.

Annaly Capital Management Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 13.06%. Annaly Capital Management’s dividend payout ratio is presently -3,714.29%.

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.