Annaly Capital Management Inc (NYSE:NLY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Annaly Capital Management Inc (NYSE:NLY) have received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $23.8889.

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Jones Trading raised their price objective on Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Piper Sandler reiterated an “overweight” rating and issued a $25.00 target price (up previously from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. BTIG Research raised shares of Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research report on Friday.

Annaly Capital Management Stock Performance

NYSE NLY opened at $22.54 on Tuesday. Annaly Capital Management has a one year low of $16.59 and a one year high of $24.52. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 7.17 and a beta of 1.24. The company’s 50-day simple moving average is $23.06 and its two-hundred day simple moving average is $21.79.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $567.67 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. Equities analysts expect that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend was Wednesday, December 31st. Annaly Capital Management’s payout ratio is currently 100.72%.

Institutional Trading of Annaly Capital Management

A number of institutional investors have recently made changes to their positions in the business. Camelot Portfolios LLC purchased a new stake in Annaly Capital Management in the fourth quarter valued at $29,000. Financial Gravity Companies Inc. purchased a new stake in shares of Annaly Capital Management in the second quarter worth about $25,000. Delos Wealth Advisors LLC acquired a new stake in Annaly Capital Management during the second quarter worth about $28,000. Evolution Wealth Management Inc. acquired a new stake in Annaly Capital Management during the second quarter worth about $29,000. Finally, MCF Advisors LLC raised its position in Annaly Capital Management by 41.6% during the third quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 496 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.