Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.33 Consensus Price Target from Analysts

Annaly Capital Management, Inc. (NYSE:NLY) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $21.33.

Several analysts have recently commented on the company. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. Compass Point increased their price target on Annaly Capital Management from $22.00 to $23.50 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on Annaly Capital Management from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, October 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th.

Insider Buying and Selling

In other news, CEO David L. Finkelstein sold 50,000 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 612,469 shares of the company’s stock, valued at $12,280,003.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors have recently made changes to their positions in the company. Garner Asset Management Corp purchased a new position in Annaly Capital Management in the third quarter valued at $1,125,000. Pekin Hardy Strauss Inc. increased its stake in shares of Annaly Capital Management by 91.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 19,899 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 9,500 shares in the last quarter. Swedbank AB increased its stake in shares of Annaly Capital Management by 0.9% in the 3rd quarter. Swedbank AB now owns 650,059 shares of the real estate investment trust’s stock valued at $13,047,000 after purchasing an additional 6,007 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Annaly Capital Management by 17.3% in the 3rd quarter. Penserra Capital Management LLC now owns 76,535 shares of the real estate investment trust’s stock worth $1,536,000 after purchasing an additional 11,260 shares during the period. Finally, One Charles Private Wealth Services LLC purchased a new position in Annaly Capital Management during the third quarter worth approximately $201,000. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Trading Down 1.8 %

Shares of NYSE NLY opened at $19.48 on Friday. Annaly Capital Management has a 12-month low of $16.76 and a 12-month high of $21.11. The stock’s fifty day simple moving average is $19.90 and its two-hundred day simple moving average is $19.83. The stock has a market capitalization of $10.92 billion, a PE ratio of -278.29 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company 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 period in the previous year, the business earned $0.66 EPS. On average, equities analysts predict that Annaly Capital Management will post 2.65 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.35%. Annaly Capital Management’s payout ratio is currently -3,714.29%.

About Annaly Capital Management

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.