Annaly Capital Management Inc (NYSE:NLY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Annaly Capital Management Inc (NYSE:NLY) has earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.6250.

Several research analysts recently weighed in on the company. Barclays set a $23.00 target price on Annaly Capital Management and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th. Piper Sandler restated an “overweight” rating and set a $23.50 price objective (up previously from $22.50) on shares of Annaly Capital Management in a report on Monday, December 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 15th.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds have recently made changes to their positions in NLY. Vanguard Group Inc. boosted its holdings in shares of Annaly Capital Management by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 58,701,446 shares of the real estate investment trust’s stock valued at $1,104,761,000 after acquiring an additional 2,344,867 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Annaly Capital Management during the second quarter valued at $429,000. Charles Schwab Investment Management Inc. boosted its holdings in Annaly Capital Management by 7.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,083,953 shares of the real estate investment trust’s stock valued at $76,860,000 after purchasing an additional 275,186 shares during the last quarter. Meritage Portfolio Management grew its position in Annaly Capital Management by 45.9% during the 2nd quarter. Meritage Portfolio Management now owns 204,205 shares of the real estate investment trust’s stock worth $3,843,000 after purchasing an additional 64,216 shares during the period. Finally, 1832 Asset Management L.P. purchased a new position in shares of Annaly Capital Management during the 2nd quarter valued at about $1,193,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Up 1.0%

NYSE NLY opened at $23.27 on Friday. Annaly Capital Management has a 52 week low of $16.59 and a 52 week high of $23.60. The company has a 50 day moving average price of $22.37 and a 200 day moving average price of $21.25. The firm has a market cap of $15.89 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 7.11 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last released its quarterly 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 net margin of 26.68% and a return on equity of 15.96%. On average, equities research analysts anticipate that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 12.0%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 129.63%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.