Annaly Capital Management’s (NLY) Outperform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Annaly Capital Management (NYSE:NLY) in a research report released on Monday,Benzinga reports. The brokerage currently has a $22.00 price objective on the real estate investment trust’s stock.

A number of other equities research analysts have also commented on NLY. JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. 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. JPMorgan Chase & Co. upped their price objective on Annaly Capital Management from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Barclays initiated coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an “equal weight” rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.44.

Annaly Capital Management Price Performance

NYSE:NLY opened at $20.68 on Monday. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $21.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.08 and a current ratio of 0.12. The company has a 50-day moving average of $19.36 and a 200-day moving average of $19.71. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 4.66 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. As a group, equities research analysts anticipate that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 12.58%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 163.52%.

Hedge Funds Weigh In On Annaly Capital Management

Several large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new position in Annaly Capital Management during the second quarter worth about $205,000. CWM LLC increased its holdings in Annaly Capital Management by 156.7% in the third quarter. CWM LLC now owns 19,909 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 12,154 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Annaly Capital Management by 70.2% during 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 in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Annaly Capital Management by 642.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,703 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 5,800 shares in the last quarter. Finally, Gilman Hill Asset Management LLC bought a new position in shares of Annaly Capital Management in the 3rd quarter valued at approximately $201,000. 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.