Annaly Capital Management Inc (NYSE:NLY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Annaly Capital Management Inc (NYSE:NLY) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $24.2222.

NLY has been the topic of a number of research reports. UBS Group reaffirmed a “neutral” rating and set a $23.00 target price (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Wall Street Zen raised Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Piper Sandler dropped their price target on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Finally, JonesTrading reiterated a “buy” rating and issued a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, April 22nd.

Annaly Capital Management Price Performance

NYSE NLY opened at $21.23 on Monday. The business has a 50 day simple moving average of $21.91 and a 200 day simple moving average of $22.48. The stock has a market capitalization of $15.56 billion, a P/E ratio of 7.17, a P/E/G ratio of 6.48 and a beta of 1.17. Annaly Capital Management has a one year low of $18.64 and a one year high of $24.52.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. The company had revenue of $341.56 million for the quarter, compared to the consensus estimate of $595.27 million. Equities analysts expect that Annaly Capital Management will post 2.98 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is 94.59%.

Institutional Trading of Annaly Capital Management

A number of large investors have recently modified their holdings of the business. AIA Group Ltd lifted its holdings in Annaly Capital Management by 124.8% in the third quarter. AIA Group Ltd now owns 159,118 shares of the real estate investment trust’s stock worth $3,216,000 after buying an additional 88,341 shares during the period. Vanguard Group Inc. increased its holdings in shares of Annaly Capital Management by 3.2% during the third quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock valued at $1,224,505,000 after acquiring an additional 1,887,629 shares in the last quarter. Horizon Investments LLC bought a new stake in Annaly Capital Management during the 4th quarter valued at about $7,946,000. Brevan Howard Capital Management LP raised its holdings in Annaly Capital Management by 105.4% in the 3rd quarter. Brevan Howard Capital Management LP now owns 275,484 shares of the real estate investment trust’s stock worth $5,568,000 after acquiring an additional 141,384 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Annaly Capital Management by 48.0% during the third quarter. Citigroup Inc. now owns 865,055 shares of the real estate investment trust’s stock valued at $17,483,000 after purchasing an additional 280,645 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

About Annaly Capital Management

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.