Shares of Annaly Capital Management, Inc. (NYSE:NLY) have received a consensus recommendation of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $11.62.
Several research analysts have recently issued reports on the company. Compass Point upgraded Annaly Capital Management from a “sell” rating to a “neutral” rating in a research report on Tuesday. Bank of America upgraded Annaly Capital Management from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 1st. Zacks Investment Research lowered Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, ValuEngine downgraded Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 26th.
In other Annaly Capital Management news, Chairman Wellington Denahan purchased 125,280 shares of Annaly Capital Management stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $11.97 per share, for a total transaction of $1,499,601.60. Following the completion of the acquisition, the chairman now owns 1,798,414 shares of the company’s stock, valued at approximately $21,527,015.58. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Glenn Votek purchased 25,000 shares of Annaly Capital Management stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of $11.73 per share, with a total value of $293,250.00. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by insiders.
Annaly Capital Management (NYSE NLY) opened at $10.45 on Wednesday. The company has a market capitalization of $11,943.29, a price-to-earnings ratio of 4.18, a price-to-earnings-growth ratio of 1.91 and a beta of 0.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.03 and a quick ratio of 0.03. Annaly Capital Management has a 12-month low of $10.03 and a 12-month high of $12.73.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 11.48%. The ex-dividend date was Thursday, December 28th. Annaly Capital Management’s dividend payout ratio is 48.00%.
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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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