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

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $21.38.

Several equities research analysts have recently commented on NLY shares. Janney Montgomery Scott assumed coverage on shares of Annaly Capital Management in a research report on Thursday, June 6th. They set a “buy” rating and a $21.00 price target for the company. StockNews.com cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Finally, Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $19.00 to $23.00 in a report on Friday.

Insider Activity

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.05, for a total value of $1,002,500.00. Following the sale, the chief executive officer now owns 612,469 shares of the company’s stock, valued at approximately $12,280,003.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds have recently made changes to their positions in the business. Core Wealth Advisors Inc. grew its holdings in shares of Annaly Capital Management by 222.2% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. Rise Advisors LLC bought a new position in Annaly Capital Management in the first quarter valued at approximately $29,000. Quarry LP acquired a new position in shares of Annaly Capital Management during the 2nd quarter worth approximately $36,000. Register Financial Advisors LLC bought a new stake in shares of Annaly Capital Management during the 1st quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Annaly Capital Management by 107.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,076 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Up 0.4 %

Shares of NYSE:NLY opened at $20.88 on Friday. Annaly Capital Management has a 12 month low of $14.52 and a 12 month high of $21.11. The firm has a market cap of $10.45 billion, a P/E ratio of -21.53 and a beta of 1.52. The company’s 50-day moving average price is $20.12 and its two-hundred day moving average price is $19.67.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.02. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $318.00 million. Annaly Capital Management had a negative net margin of 12.02% and a positive return on equity of 15.24%. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, equities analysts predict that Annaly Capital Management will post 2.67 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 Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 12.45%. Annaly Capital Management’s dividend payout ratio (DPR) is currently -268.04%.

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.