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

Shares of Annaly Capital Management Inc (NYSE:NLY) have received an average rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $24.1111.

Several brokerages recently commented on NLY. Barclays set a $24.00 target price on Annaly Capital Management and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Royal Bank Of Canada increased their price objective on shares of Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. JonesTrading lifted their target price on shares of 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 reissued an “overweight” rating and issued a $25.00 target price (up from $23.50) on shares of Annaly Capital Management in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, January 21st.

Insiders Place Their Bets

In other Annaly Capital Management news, COO Steven Francis Campbell sold 26,491 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total transaction of $604,789.53. Following the sale, the chief operating officer directly owned 178,000 shares of the company’s stock, valued at approximately $4,063,740. This represents a 12.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Serena Wolfe sold 16,536 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the sale, the chief financial officer directly owned 173,081 shares of the company’s stock, valued at approximately $4,005,094.34. The trade was a 8.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,252 shares of company stock worth $1,639,995 over the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NLY. Vanguard Group Inc. increased its stake in shares of Annaly Capital Management by 5.0% in 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 buying an additional 3,024,564 shares during the period. State Street Corp lifted its stake 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 acquiring an additional 2,053,451 shares during the period. Geode Capital Management LLC boosted its holdings in Annaly Capital Management by 8.9% in 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 acquiring an additional 1,503,559 shares during the last quarter. Norges Bank acquired a new stake in Annaly Capital Management in the fourth quarter worth about $162,477,000. Finally, Morgan Stanley increased its position in Annaly Capital Management by 33.5% in the fourth quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock worth $156,013,000 after purchasing an additional 1,751,509 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.1%

Shares of NYSE:NLY opened at $23.25 on Friday. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 7.16 and a beta of 1.24. The business has a 50 day moving average price of $23.21 and a 200 day moving average price of $22.09. Annaly Capital Management has a twelve month low of $16.59 and a twelve month high of $24.52.

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

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.0%. The ex-dividend date was Wednesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is 100.72%.

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.