Annaly Capital Management Inc. (NLY) Given Average Rating of “Hold” by Analysts
Shares of Annaly Capital Management Inc. (NYSE:NLY) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.00.
Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, June 30th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $11.00 price objective on shares of Annaly Capital Management in a research note on Friday, August 5th. Credit Suisse Group AG reiterated a “hold” rating and issued a $11.50 price objective on shares of Annaly Capital Management in a research note on Friday, September 9th. Deutsche Bank AG lifted their price objective on shares of Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a research note on Friday, August 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Annaly Capital Management from $11.00 to $11.50 and gave the stock a “market perform” rating in a research note on Monday, August 8th.
Annaly Capital Management (NYSE:NLY) traded down 0.249% during mid-day trading on Tuesday, reaching $10.035. 1,831,497 shares of the company were exchanged. Annaly Capital Management has a 12-month low of $8.25 and a 12-month high of $11.29. The company’s 50 day moving average price is $10.61 and its 200-day moving average price is $10.69. The stock’s market capitalization is $9.99 billion.
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Annaly Capital Management (NYSE:NLY) last posted its earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Annaly Capital Management had a negative net margin of 68.57% and a positive return on equity of 10.85%. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Annaly Capital Management will post $1.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be issued a dividend of $0.2641 per share. This represents a $1.06 annualized dividend and a dividend yield of 10.50%. The ex-dividend date of this dividend is Wednesday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently -83.46%.
Several large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new stake in shares of Annaly Capital Management during the second quarter valued at about $101,000. Balentine LLC bought a new stake in shares of Annaly Capital Management during the second quarter valued at about $105,000. Penserra Capital Management LLC raised its stake in shares of Annaly Capital Management by 1.9% in the second quarter. Penserra Capital Management LLC now owns 10,074 shares of the company’s stock valued at $112,000 after buying an additional 189 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of Annaly Capital Management by 80.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 10,423 shares of the company’s stock valued at $115,000 after buying an additional 4,636 shares during the period. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of Annaly Capital Management during the second quarter valued at about $116,000. 54.19% of the stock is currently owned by institutional investors.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
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