Annaly Capital Management Inc (NLY) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Annaly Capital Management Inc (NYSE:NLY) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $11.21.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $11.25 price target on shares of Annaly Capital Management in a research note on Thursday, August 3rd.
Annaly Capital Management (NLY) traded up 0.90% during midday trading on Friday, reaching $12.35. 9,573,075 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $12.30 and its 200-day moving average price is $11.82. The stock has a market cap of $13.44 billion, a PE ratio of 4.27 and a beta of 0.28. Annaly Capital Management has a one year low of $9.83 and a one year high of $12.73.
Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. Annaly Capital Management had a return on equity of 11.33% and a net margin of 121.84%. The company had revenue of $315.15 million during the quarter, compared to the consensus estimate of $424.18 million. During the same period last year, the company earned $0.29 EPS. Equities analysts predict that Annaly Capital Management will post $1.20 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.72%. Annaly Capital Management’s payout ratio is currently 41.52%.
In related news, insider David L. Finkelstein acquired 100,000 shares of the stock in a transaction dated Friday, September 1st. The shares were purchased at an average cost of $12.49 per share, with a total value of $1,249,000.00. Following the transaction, the insider now directly owns 300,000 shares in the company, valued at $3,747,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donnell Segalas acquired 17,700 shares of the stock in a transaction dated Tuesday, August 8th. The shares were bought at an average cost of $12.14 per share, for a total transaction of $214,878.00. Following the completion of the transaction, the director now owns 84,150 shares in the company, valued at $1,021,581. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 139,200 shares of company stock worth $1,726,513. Insiders own 0.43% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. North Star Investment Management Corp. lifted its position in shares of Annaly Capital Management by 12.5% during the 2nd quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,028 shares in the last quarter. MCF Advisors LLC lifted its position in shares of Annaly Capital Management by 2,903.2% during the 2nd quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 9,000 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new position in shares of Annaly Capital Management during the 1st quarter valued at about $113,000. Balentine LLC purchased a new position in shares of Annaly Capital Management during the 2nd quarter valued at about $114,000. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of Annaly Capital Management during the 1st quarter valued at about $116,000. 51.90% of the stock is currently owned by hedge funds and other institutional investors.
About Annaly Capital Management
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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