Annaly Capital Management Inc (NYSE:NLY) Given Average Recommendation of “Hold” by Brokerages

Shares of Annaly Capital Management Inc (NYSE:NLY) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.7143.

A number of research firms have recently weighed in on NLY. Barclays set a $20.00 price target on Annaly Capital Management and gave the company a “cautious” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. increased their target price on Annaly Capital Management from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. UBS Group upped their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. Finally, Piper Sandler set a $22.50 price target on shares of Annaly Capital Management and gave the company an “overweight” rating in a research report on Wednesday, October 8th.

Institutional Trading of Annaly Capital Management

Large investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in Annaly Capital Management during the second quarter worth about $25,000. Twin Tree Management LP bought a new stake in shares of Annaly Capital Management in the first quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new stake in shares of Annaly Capital Management during the second quarter worth about $28,000. Evolution Wealth Management Inc. acquired a new stake in shares of Annaly Capital Management during the second quarter worth about $29,000. Finally, MCF Advisors LLC lifted its holdings in shares of Annaly Capital Management by 41.6% during the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 496 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Trading Down 0.3%

Shares of NYSE NLY opened at $22.16 on Monday. Annaly Capital Management has a 1 year low of $16.59 and a 1 year high of $22.98. The firm’s 50-day moving average is $21.62 and its 200-day moving average is $20.78. The firm has a market capitalization of $15.13 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 6.94 and a beta of 1.26.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $493.55 million. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 annualized dividend and a yield of 12.6%. Annaly Capital Management’s dividend payout ratio (DPR) is 129.63%.

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.