Annaly Capital Management Inc (NYSE:NLY) Receives $21.71 Consensus PT from Brokerages

Shares of Annaly Capital Management Inc (NYSE:NLY) have been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $21.7143.

Several equities research analysts have issued reports on NLY shares. Piper Sandler set a $22.50 price target on shares of Annaly Capital Management and gave the company an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. UBS Group increased their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada raised their price target on shares of Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, October 8th.

Annaly Capital Management Trading Up 0.6%

Shares of NLY stock opened at $22.73 on Monday. The stock has a 50 day moving average of $21.79 and a two-hundred day moving average of $20.88. Annaly Capital Management has a 12 month low of $16.59 and a 12 month high of $22.98. The company has a market capitalization of $15.52 billion, a P/E ratio of 10.52, a P/E/G ratio of 7.08 and a beta of 1.26.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a return on equity of 15.96% and a net margin of 26.68%. Sell-side analysts predict 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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Wednesday, December 31st. Annaly Capital Management’s dividend payout ratio is 129.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NLY. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 60,589,075 shares of the real estate investment trust’s stock worth $1,224,505,000 after purchasing an additional 1,887,629 shares in the last quarter. State Street Corp boosted its position in Annaly Capital Management by 7.4% in the third quarter. State Street Corp now owns 24,371,827 shares of the real estate investment trust’s stock valued at $508,920,000 after buying an additional 1,687,839 shares in the last quarter. Geode Capital Management LLC grew its stake in Annaly Capital Management by 6.8% during the second quarter. Geode Capital Management LLC now owns 14,926,231 shares of the real estate investment trust’s stock worth $280,535,000 after buying an additional 949,260 shares during the last quarter. Norges Bank acquired a new stake in shares of Annaly Capital Management during the second quarter worth approximately $130,626,000. Finally, Northern Trust Corp increased its holdings in shares of Annaly Capital Management by 1.1% during the third quarter. Northern Trust Corp now owns 6,604,380 shares of the real estate investment trust’s stock worth $133,475,000 after buying an additional 70,262 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

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.