Annaly Capital Management’s (NLY) Buy Rating Reiterated at Jonestrading

Jonestrading reiterated their buy rating on shares of Annaly Capital Management (NYSE:NLY) in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a $21.00 price target on the real estate investment trust’s stock.

Several other equities research analysts have also recently commented on NLY. Compass Point initiated coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They set a buy rating and a $22.00 price objective on the stock. Royal Bank of Canada reissued an outperform rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Monday, February 12th. JMP Securities reissued a market perform rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Keefe, Bruyette & Woods reissued an outperform rating and issued a $21.50 target price on shares of Annaly Capital Management in a report on Wednesday, March 27th. Finally, StockNews.com raised Annaly Capital Management from a sell rating to a hold rating in a report on Saturday, January 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $21.07.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $18.91 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40. The company has a market cap of $9.46 billion, a PE ratio of -19.27 and a beta of 1.54. The business has a 50 day moving average of $19.10 and a 200 day moving average of $18.62. Annaly Capital Management has a 52 week low of $14.52 and a 52 week high of $21.07.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. Annaly Capital Management had a positive return on equity of 15.20% and a negative net margin of 8.38%. During the same quarter in the prior year, the company earned $0.81 earnings per share. As a group, equities research analysts forecast that Annaly Capital Management will post 2.57 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 13.75%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Insider Buying and Selling at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the transaction, the chief executive officer now owns 662,469 shares in the company, valued at approximately $12,606,785.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently modified their holdings of the stock. Selway Asset Management purchased a new position in shares of Annaly Capital Management in the 3rd quarter worth approximately $26,000. Core Wealth Advisors Inc. boosted its holdings in shares of Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,000 shares during the period. Rise Advisors LLC bought a new stake in shares of Annaly Capital Management during the 1st quarter worth approximately $29,000. GAMMA Investing LLC bought a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $33,000. Finally, First United Bank & Trust bought a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

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.