Annaly Capital Management (NYSE:NLY) Price Target Cut to $24.00 by Analysts at Wells Fargo & Company

Annaly Capital Management (NYSE:NLY) had its price target cut by Wells Fargo & Company from $25.00 to $24.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research note on Wednesday, June 3rd. UBS Group reaffirmed a “neutral” rating and issued a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a report on Friday, April 24th. Piper Sandler boosted their target price on shares of Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, JonesTrading restated a “buy” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.56.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $22.32 on Thursday. The stock has a market capitalization of $16.35 billion, a price-to-earnings ratio of 5.59, a PEG ratio of 6.72 and a beta of 1.16. Annaly Capital Management has a one year low of $20.00 and a one year high of $24.52. The company’s 50-day simple moving average is $22.15 and its 200-day simple moving average is $22.46.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The firm had revenue of $892.86 million during the quarter, compared to analyst estimates of $639.80 million. As a group, research analysts forecast that Annaly Capital Management will post 3.03 EPS for the current year.

Annaly Capital Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, June 30th. This is a positive change from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 13.4%. Annaly Capital Management’s dividend payout ratio (DPR) is 101.35%.

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Annaly Capital Management by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock valued at $1,422,401,000 after purchasing an additional 3,024,564 shares during the period. State Street Corp raised its holdings in shares of Annaly Capital Management by 8.4% during the fourth quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock valued at $608,994,000 after buying an additional 2,053,451 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Annaly Capital Management by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock valued at $411,031,000 after buying an additional 1,503,559 shares during the last quarter. Norges Bank acquired a new position in shares of Annaly Capital Management during the fourth quarter worth approximately $162,477,000. Finally, Morgan Stanley boosted its position in shares of Annaly Capital Management by 33.5% during the fourth quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock worth $156,013,000 after buying an additional 1,751,509 shares during the period. Institutional investors own 51.56% of the company’s stock.

Trending Headlines about Annaly Capital Management

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Annaly raised its quarterly dividend to $0.75, signaling management confidence in cash generation and reinforcing the appeal of its high-yield payout. Annaly signals agency 14%-16% levered return opportunity as it raises quarterly dividend to $0.75
• Positive Sentiment: Second-quarter earnings beat estimates, with improved net interest income, better margins, and stronger dividend coverage helping support the stock. Annaly Q2 Earnings Beat Estimates, Net Interest Income Improves Y/Y
• Positive Sentiment: Management highlighted a 5.5% economic return and resilient performance, which suggests the portfolio is holding up well in a volatile rate environment. Annaly Capital Management Inc (NLY) Q2 2026 Earnings Call Highlights: Strong Economic Return …
• Positive Sentiment: Annaly’s earnings call emphasized diversified housing finance growth, including Agency securities, Residential Credit, and MSR opportunities, backed by disciplined capital allocation. Annaly Q2 Earnings Call Highlights Housing Finance Strategy
• Positive Sentiment: Analysts and commentary noted that core earnings available for distribution continue to cover the dividend, with another increase now viewed as supported by rising EAD. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.
• Neutral Sentiment: Wells Fargo trimmed its price target to $24 from $25 but kept an overweight rating, suggesting the outlook remains constructive despite a slightly less bullish valuation view. Read More: Read More.

About Annaly Capital Management

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.