Shares of Annaly Capital Management, Inc. (NYSE:NLY) have earned an average rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.62.
NLY has been the subject of a number of research reports. ValuEngine cut shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday, October 6th.
In other news, CEO Kevin Keyes purchased 300,000 shares of Annaly Capital Management stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $11.12 per share, for a total transaction of $3,336,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donnell Segalas purchased 9,800 shares of Annaly Capital Management stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $11.34 per share, with a total value of $111,132.00. Following the transaction, the director now owns 102,450 shares in the company, valued at approximately $1,161,783. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 460,080 shares of company stock valued at $5,239,984. 0.43% of the stock is owned by insiders.
Shares of Annaly Capital Management (NLY) traded up $0.11 during trading hours on Friday, reaching $11.19. 7,404,301 shares of the company were exchanged, compared to its average volume of 8,080,000. The company has a market capitalization of $12,980.00, a PE ratio of 4.48, a price-to-earnings-growth ratio of 2.07 and a beta of 0.22. Annaly Capital Management has a 1 year low of $10.09 and a 1 year high of $12.73. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27.
Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $353.61 million during the quarter, compared to analysts’ expectations of $361.67 million. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. research analysts predict that Annaly Capital Management will post 1.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 10.72%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 48.00%.
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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