Annaly Capital Management, Inc. (NYSE:NLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.05.

Several research analysts have recently commented on the company. Barclays upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a report on Thursday, October 27th. assumed coverage on Annaly Capital Management in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Royal Bank of Canada decreased their price objective on Annaly Capital Management from $28.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, October 5th. Wells Fargo & Company cut their target price on Annaly Capital Management from $26.00 to $18.50 and set an “equal weight” rating on the stock in a research note on Friday, October 28th. Finally, Jonestrading assumed coverage on Annaly Capital Management in a research note on Monday, December 19th. They issued a “buy” rating and a $22.50 target price on the stock.

Institutional Trading of Annaly Capital Management

Several large investors have recently bought and sold shares of NLY. CoreCap Advisors LLC bought a new stake in Annaly Capital Management during the 2nd quarter valued at approximately $26,000. JFS Wealth Advisors LLC bought a new stake in Annaly Capital Management during the 2nd quarter valued at approximately $27,000. Wipfli Financial Advisors LLC bought a new stake in Annaly Capital Management during the 3rd quarter valued at approximately $31,000. Larson Financial Group LLC boosted its position in shares of Annaly Capital Management by 1,817.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,917 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in shares of Annaly Capital Management in the 3rd quarter worth approximately $34,000. 52.80% of the stock is owned by institutional investors.

Annaly Capital Management Trading Up 1.2 %

NYSE NLY opened at $21.69 on Thursday. The stock’s 50-day simple moving average is $20.83 and its two-hundred day simple moving average is $22.57. Annaly Capital Management has a twelve month low of $15.11 and a twelve month high of $32.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 2.70 and a beta of 1.27.

Annaly Capital Management (NYSE:NLY – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. The business had revenue of $344.70 million for the quarter, compared to the consensus estimate of $424.90 million. Annaly Capital Management had a return on equity of 18.29% and a net margin of 126.07%. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter last year, the business posted $1.12 earnings per share. Research analysts forecast that Annaly Capital Management will post 4.22 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, December 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $3.52 annualized dividend and a yield of 16.23%. Annaly Capital Management’s payout ratio is 43.89%.

Annaly Capital Management Company Profile

(Get Rating)

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments.

Further Reading

Analyst Recommendations for Annaly Capital Management (NYSE:NLY)

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