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

Annaly Capital Management, Inc. (NYSE:NLY) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $21.11.

Several brokerages recently issued reports on NLY. Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Thursday, October 31st. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Barclays began coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $19.35 on Friday. The company has a market cap of $10.84 billion, a P/E ratio of -276.39 and a beta of 1.51. The stock has a 50 day simple moving average of $19.25 and a two-hundred day simple moving average of $19.69. Annaly Capital Management has a fifty-two week low of $17.67 and a fifty-two week high of $21.11.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $212.00 million. Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. During the same quarter in the prior year, the firm earned $0.66 EPS. On average, research analysts predict that Annaly Capital Management will post 2.65 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.65 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.44%. Annaly Capital Management’s payout ratio is -3,714.29%.

Institutional Trading of Annaly Capital Management

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in Annaly Capital Management by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 258,817 shares of the real estate investment trust’s stock worth $4,933,000 after acquiring an additional 18,599 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Annaly Capital Management by 6.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,058 shares of the real estate investment trust’s stock worth $668,000 after acquiring an additional 2,010 shares during the last quarter. Sei Investments Co. increased its stake in Annaly Capital Management by 13.0% in the 2nd quarter. Sei Investments Co. now owns 875,593 shares of the real estate investment trust’s stock worth $16,688,000 after acquiring an additional 100,940 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Annaly Capital Management by 88.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 284,929 shares of the real estate investment trust’s stock worth $5,431,000 after acquiring an additional 133,429 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Annaly Capital Management by 38.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 16,778 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 4,644 shares during the last quarter. 51.56% of the stock is currently 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.