Annaly Capital Management Inc (NYSE:NLY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Annaly Capital Management Inc (NYSE:NLY) have been given an average recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $21.7143.

A number of equities research analysts have recently issued reports on the company. Jones Trading reiterated a “buy” rating and set a $22.00 price objective on shares of Annaly Capital Management in a research note on Thursday, October 23rd. Royal Bank Of Canada boosted their target price on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. Finally, Piper Sandler set a $22.50 price objective on shares of Annaly Capital Management and gave the stock an “overweight” rating in a research note on Wednesday, October 8th.

Institutional Trading of Annaly Capital Management

A number of hedge funds have recently made changes to their positions in NLY. ProShare Advisors LLC boosted its stake in shares of Annaly Capital Management by 1.8% during the 3rd quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock worth $552,000 after acquiring an additional 481 shares during the period. MCF Advisors LLC lifted its holdings in Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 496 shares during the last quarter. Guidance Point Advisors LLC lifted its holdings in Annaly Capital Management by 3.1% during the 1st quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust’s stock valued at $346,000 after purchasing an additional 519 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Annaly Capital Management by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 524 shares during the period. Finally, Jupiter Wealth Management LLC increased its holdings in shares of Annaly Capital Management by 3.4% in the second quarter. Jupiter Wealth Management LLC now owns 16,621 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 551 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Down 0.3%

NYSE NLY opened at $22.16 on Monday. The firm’s 50 day moving average is $21.62 and its 200-day moving average is $20.78. The company has a market capitalization of $15.13 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 6.94 and a beta of 1.26. Annaly Capital Management has a 12-month low of $16.59 and a 12-month high of $22.98.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. As a group, sell-side analysts expect that Annaly Capital Management will post 2.81 EPS for the current year.

Annaly Capital Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a yield of 12.6%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 129.63%.

About Annaly Capital Management

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.