Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.08 Average PT from Analysts

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.08.

A number of research analysts recently commented on NLY shares. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Compass Point assumed coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price on the stock. StockNews.com raised Annaly Capital Management from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 target price on shares of Annaly Capital Management in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th.

Institutional Trading of Annaly Capital Management

A number of large investors have recently modified their holdings of NLY. Norges Bank purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth $110,244,000. Balyasny Asset Management L.P. boosted its stake in shares of Annaly Capital Management by 159.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 6,118,940 shares of the real estate investment trust’s stock worth $118,524,000 after buying an additional 3,762,652 shares during the period. Algebris UK Ltd boosted its stake in shares of Annaly Capital Management by 195.9% during the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust’s stock worth $87,532,000 after buying an additional 2,671,236 shares during the period. Vanguard Group Inc. boosted its stake in shares of Annaly Capital Management by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 49,300,019 shares of the real estate investment trust’s stock worth $954,941,000 after buying an additional 1,619,729 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Annaly Capital Management by 1,505.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,676,931 shares of the real estate investment trust’s stock worth $32,482,000 after buying an additional 1,572,487 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY opened at $19.48 on Friday. Annaly Capital Management has a one year low of $14.52 and a one year high of $21.07. The stock has a market capitalization of $9.75 billion, a PE ratio of -20.08 and a beta of 1.54. The business’s 50 day moving average price is $19.31 and its 200 day moving average price is $19.07.

Annaly Capital Management (NYSE:NLY) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $320.00 million. During the same period in the prior year, the firm posted $0.81 earnings per share. As a group, equities research analysts forecast that Annaly Capital Management will post 2.62 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.35%. The ex-dividend date of this dividend was Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is currently -268.04%.

Annaly Capital Management Company Profile

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.