Annaly Capital Management (NYSE:NLY) Coverage Initiated by Analysts at Barclays

Barclays started coverage on shares of Annaly Capital Management (NYSE:NLY) in a research note published on Monday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $19.00 price target on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company raised 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 research note on Friday, September 20th. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.22.

Annaly Capital Management Stock Down 1.0 %

NYSE NLY opened at $18.79 on Monday. The stock’s 50-day simple moving average is $19.39 and its two-hundred day simple moving average is $19.74. Annaly Capital Management has a twelve month low of $17.67 and a twelve month high of $21.11. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of -268.43 and a beta of 1.51.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. During the same period last year, the company posted $0.66 EPS. On average, equities analysts expect that Annaly Capital Management will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.84%. The ex-dividend date of this dividend is Tuesday, December 31st. Annaly Capital Management’s payout ratio is -3,714.29%.

Hedge Funds Weigh In On Annaly Capital Management

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

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.