Annaly Capital Management Inc (NLY) Given Consensus Recommendation of “Buy” by Analysts
Shares of Annaly Capital Management Inc (NYSE:NLY) have received an average rating of “Buy” from the eleven analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.21.
A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.25 target price on shares of Annaly Capital Management in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, September 26th. BidaskClub raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. Finally, ValuEngine raised shares of Annaly Capital Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.
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Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $315.15 million for the quarter, compared to analysts’ expectations of $424.18 million. Annaly Capital Management had a net margin of 121.84% and a return on equity of 11.33%. During the same period in the previous year, the company posted $0.29 earnings per share. Analysts forecast that Annaly Capital Management will post $1.20 earnings per share for the current year.
The company also recently declared 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 annualized dividend and a dividend yield of 9.95%. Annaly Capital Management’s dividend payout ratio is currently 41.52%.
In other news, insider David L. Finkelstein purchased 100,000 shares of the stock in a transaction dated Friday, September 1st. The stock was acquired at an average price of $12.49 per share, for a total transaction of $1,249,000.00. Following the completion of the transaction, the insider now owns 300,000 shares of the company’s stock, valued at $3,747,000. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donnell Segalas purchased 17,700 shares of the stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $12.14 per share, with a total value of $214,878.00. Following the transaction, the director now directly owns 84,150 shares of the company’s stock, valued at approximately $1,021,581. The disclosure for this purchase can be found here. Insiders have bought 139,200 shares of company stock valued at $1,726,513 in the last 90 days. Insiders own 0.43% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. lifted its holdings in Annaly Capital Management by 12.5% in the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,028 shares during the period. MCF Advisors LLC lifted its holdings in Annaly Capital Management by 2,903.2% in the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 9,000 shares during the period. Balentine LLC acquired a new stake in Annaly Capital Management in the second quarter worth about $114,000. Advisory Services Network LLC lifted its holdings in Annaly Capital Management by 9.0% in the second quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 806 shares during the period. Finally, Brown Advisory Securities LLC lifted its holdings in Annaly Capital Management by 1.3% in the first quarter. Brown Advisory Securities LLC now owns 11,171 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 144 shares during the period. 51.34% of the stock is owned by institutional investors and hedge funds.
Annaly Capital Management Company Profile
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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