Annaly Capital Management Inc (NYSE:NLY) Receives $20.81 Average Target Price from Analysts

Annaly Capital Management Inc (NYSE:NLY) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.9375.

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a report on Saturday, September 27th. Royal Bank Of Canada upped their price target on Annaly Capital Management from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. UBS Group boosted their target price on shares of Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research report on Friday, July 25th.

Institutional Investors Weigh In On Annaly Capital Management

A number of institutional investors and hedge funds have recently modified their holdings of NLY. GAMMA Investing LLC lifted its stake in Annaly Capital Management by 55.4% in the third quarter. GAMMA Investing LLC now owns 7,093 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 2,530 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Annaly Capital Management by 68.3% in the second quarter. Corient Private Wealth LLC now owns 67,371 shares of the real estate investment trust’s stock valued at $1,268,000 after buying an additional 27,346 shares during the period. Valeo Financial Advisors LLC bought a new position in Annaly Capital Management during the 2nd quarter worth about $189,000. NWF Advisory Services Inc. boosted its stake in shares of Annaly Capital Management by 11.4% during the 2nd quarter. NWF Advisory Services Inc. now owns 13,394 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 1,373 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Annaly Capital Management by 8.4% during the 2nd quarter. Osaic Holdings Inc. now owns 723,894 shares of the real estate investment trust’s stock worth $13,655,000 after purchasing an additional 56,183 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

NYSE NLY opened at $20.75 on Wednesday. The company’s fifty day moving average is $21.08 and its two-hundred day moving average is $19.93. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 4.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management has a 52-week low of $16.59 and a 52-week high of $22.45.

Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $273.20 million for the quarter, compared to the consensus estimate of $237.00 million. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%. Equities research analysts forecast that Annaly Capital Management will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio is 277.23%.

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.