Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.50 Consensus Target Price from Analysts

Annaly Capital Management, Inc. (NYSE:NLY) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $21.50.

Several research firms have commented on NLY. Wells Fargo & Company upgraded shares of Annaly Capital Management from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $23.00 in a report on Friday, September 20th. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, October 31st.

Institutional Trading of Annaly Capital Management

A number of large investors have recently made changes to their positions in the company. Avior Wealth Management LLC increased its stake in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares during the period. Quarry LP acquired a new stake in Annaly Capital Management during the second quarter valued at $36,000. Toth Financial Advisory Corp lifted its position in Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 576 shares during the last quarter. Finally, McIlrath & Eck LLC bought a new stake in Annaly Capital Management in the 3rd quarter valued at $63,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Trading Up 3.3 %

Shares of Annaly Capital Management stock opened at $18.98 on Monday. The company has a market cap of $10.64 billion, a price-to-earnings ratio of -271.14 and a beta of 1.51. Annaly Capital Management has a 1 year low of $17.67 and a 1 year high of $21.11. The company’s fifty day simple moving average is $19.39 and its 200-day simple moving average is $19.75.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same period last year, the firm earned $0.66 earnings per share. As a group, research analysts forecast that Annaly Capital Management will post 2.65 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 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.70%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

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.