JMP Securities Reaffirms Market Perform Rating for Annaly Capital Management (NYSE:NLY)

JMP Securities restated their market perform rating on shares of Annaly Capital Management (NYSE:NLYFree Report) in a research report report published on Thursday, Benzinga reports.

Several other analysts also recently commented on the stock. Compass Point assumed coverage on shares of Annaly Capital Management in a report on Tuesday, April 2nd. They set a buy rating and a $22.00 target price for the company. StockNews.com raised Annaly Capital Management from a sell rating to a hold rating in a research report on Saturday, January 27th. Jonestrading lifted their price target on Annaly Capital Management from $18.00 to $21.00 and gave the stock a buy rating in a report on Thursday, February 8th. Royal Bank of Canada reaffirmed an outperform rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Finally, Keefe, Bruyette & Woods reissued an outperform rating and set a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Annaly Capital Management has an average rating of Moderate Buy and a consensus price target of $21.19.

Check Out Our Latest Stock Analysis on Annaly Capital Management

Annaly Capital Management Trading Up 1.3 %

Shares of Annaly Capital Management stock opened at $18.23 on Thursday. Annaly Capital Management has a 1 year low of $14.52 and a 1 year high of $21.07. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of -5.05 and a beta of 1.54. The business has a fifty day simple moving average of $19.11 and a two-hundred day simple moving average of $18.61. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.22 and a quick ratio of 1.22.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.65 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 14.26%. Annaly Capital Management’s payout ratio is -72.02%.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds and other institutional investors have recently made changes to their positions in NLY. First Trust Direct Indexing L.P. raised its position in Annaly Capital Management by 27.5% during the first quarter. First Trust Direct Indexing L.P. now owns 23,012 shares of the real estate investment trust’s stock valued at $453,000 after purchasing an additional 4,959 shares in the last quarter. Norden Group LLC acquired a new position in shares of Annaly Capital Management during the 1st quarter worth $3,617,000. Redmont Wealth Advisors LLC bought a new stake in shares of Annaly Capital Management during the 1st quarter worth $54,000. SeaCrest Wealth Management LLC boosted its stake in Annaly Capital Management by 6.1% in the first quarter. SeaCrest Wealth Management LLC now owns 49,399 shares of the real estate investment trust’s stock valued at $973,000 after buying an additional 2,829 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Annaly Capital Management by 2.1% in the 1st quarter. State of Michigan Retirement System now owns 137,031 shares of the real estate investment trust’s stock valued at $2,698,000 after purchasing an additional 2,800 shares in the last quarter. 51.56% of the stock is currently owned by institutional investors and hedge funds.

About Annaly Capital Management

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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.

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Analyst Recommendations for Annaly Capital Management (NYSE:NLY)

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