JPMorgan Chase & Co. Issues Pessimistic Forecast for Annaly Capital Management (NYSE:NLY) Stock Price

Annaly Capital Management (NYSE:NLY) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $26.00 to $24.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 7.02% from the company’s current price.

Other equities research analysts also recently issued reports about the company. JonesTrading reaffirmed a “buy” rating and set a $25.00 price objective on shares of Annaly Capital Management in a report on Wednesday, April 22nd. BTIG Research set a $24.00 target price on Annaly Capital Management in a research report on Wednesday, June 17th. Wells Fargo & Company decreased their price target on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reiterated a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Annaly Capital Management presently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Annaly Capital Management Stock Performance

Shares of Annaly Capital Management stock opened at $22.43 on Friday. The firm has a market cap of $16.43 billion, a P/E ratio of 5.62, a price-to-earnings-growth ratio of 6.73 and a beta of 1.16. The firm’s 50-day simple moving average is $22.16 and its 200-day simple moving average is $22.46. Annaly Capital Management has a twelve month low of $20.00 and a twelve month high of $24.52.

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

Institutional Trading of Annaly Capital Management

Several hedge funds have recently modified their holdings of the company. Koshinski Asset Management Inc. raised its stake in shares of Annaly Capital Management by 1.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 463 shares during the last quarter. Quadcap Wealth Management LLC grew its position in Annaly Capital Management by 2.3% during the 1st quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 495 shares during the last quarter. Fourth Dimension Wealth LLC grew its position in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 500 shares during the last quarter. GWN Securities Inc. increased its holdings in Annaly Capital Management by 5.0% during the 4th quarter. GWN Securities Inc. now owns 10,811 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 514 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Annaly Capital Management by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 39,282 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 524 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

Key Stories Impacting Annaly Capital Management

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

• Positive Sentiment: Annaly’s Q2 results and earnings-call commentary pointed to strong momentum, with management highlighting diversified housing finance growth across Agency securities, Residential Credit, and MSR opportunities, along with disciplined capital allocation. The company also reported strong profitability and a 5.5% economic return, which can help reassure investors about earnings durability. Annaly Q2 Earnings Call Highlights Housing Finance Strategy
• Positive Sentiment: Several reports said Annaly’s earnings available for distribution topped its dividend for a ninth straight quarter, and that rising EAD is supporting another dividend increase. For a high-yield mortgage REIT like NLY, this is important because it suggests the payout may remain well covered. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.
• Positive Sentiment: Annaly also raised its quarterly dividend to $0.75 and signaled attractive 14%–16% levered return potential in agency assets, reinforcing the stock’s appeal to income investors. Annaly signals agency 14%-16% levered return opportunity as it raises quarterly dividend to $0.75
• Neutral Sentiment: JPMorgan and Wells Fargo both lowered their price targets to $24 from higher levels, but kept overweight ratings. That suggests analysts still see upside in NLY, but are somewhat more cautious on valuation and near-term expectations. Analyst price target updates from JPMorgan and Wells Fargo
• Neutral Sentiment: Other coverage framed Annaly as a strong-yield, discounted valuation story, which supports the stock’s income-investor case but does not introduce a major new catalyst. Annaly Capital Management’s EAD Topped Its Dividend for a 9th Straight Quarter. Here’s Why That Matters for Its 12.5%+ Yielding Payout.

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.