Annaly Capital Management Given Hold Rating at Jefferies Group (NLY)
Annaly Capital Management (NYSE:NLY)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Friday, AR Network reports. They currently have a $12.00 price objective on the stock. Jefferies Group’s price objective indicates a potential upside of 3.18% from the stock’s previous close.
Annaly Capital Management (NYSE:NLY) traded down 0.60% on Friday, hitting $11.63. 11,136,873 shares of the company’s stock traded hands. Annaly Capital Management has a one year low of $10.63 and a one year high of $16.93. The stock has a 50-day moving average of $11. and a 200-day moving average of $13.44. The company has a market cap of $11.017 billion and a price-to-earnings ratio of 3.36. Annaly Capital Management also saw unusually large options trading activity on Thursday. Traders acquired 76,988 call options on the company. This represents an increase of 660% compared to the average daily volume of 10,133 call options.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.15. The company had revenue of $460.60 million for the quarter, compared to the consensus estimate of $426.30 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was down 15.7% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Tuesday, October 1st will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 12.04%. The ex-dividend date is Friday, September 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $14.00 to $12.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $19.00 to $16.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Finally, analysts at Wunderlich cut their price target on shares of Annaly Capital Management (NYSE:NLY) from $13.50 to $12.50 in a research note to investors on Monday, August 12th. They now have a “hold” rating on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.11.
Annaly Capital Management, Inc (NYSE:NLY) owns, manage, and finance a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans.
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