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

Annaly Capital Management Inc (NYSE:NLY) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $24.3333.

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Annaly Capital Management from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. BTIG Research set a $24.00 target price on shares of Annaly Capital Management in a report on Wednesday, June 17th. Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Friday, July 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price target on shares of Annaly Capital Management in a report on Wednesday, June 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Fourth Dimension Wealth LLC increased its position in shares of 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 valued at $26,000 after purchasing an additional 500 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Annaly Capital Management by 585.6% in the first quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,136 shares during the last quarter. Camelot Portfolios LLC purchased a new position in shares of Annaly Capital Management in the fourth quarter worth approximately $29,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Annaly Capital Management in the fourth quarter worth approximately $31,000. Finally, TD Private Client Wealth LLC grew its position in Annaly Capital Management by 361.3% during the fourth quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares during the period. 51.56% of the stock is owned by hedge funds and other institutional investors.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $23.07 on Friday. Annaly Capital Management has a one year low of $20.00 and a one year high of $24.52. The business’s fifty day moving average is $22.86 and its 200 day moving average is $22.39. The stock has a market capitalization of $17.39 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 6.02 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. As a group, sell-side analysts expect that Annaly Capital Management will post 3.09 EPS for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 13.0%. This is a boost from Annaly Capital Management’s previous quarterly dividend of $0.70. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

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.