Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $21.07.
NLY has been the topic of several research analyst reports. Janney Montgomery Scott initiated coverage on Annaly Capital Management in a report on Thursday, June 6th. They set a "buy" rating and a $21.00 price target on the stock. JMP Securities reissued a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, April 18th. Jonestrading restated a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a research report on Thursday, April 25th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $21.50 price target on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, StockNews.com raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating in a research report on Monday, May 13th.
Get Our Latest Stock Analysis on Annaly Capital Management
Annaly Capital Management Stock Up 1.3 %
Shares of Annaly Capital Management stock traded up $0.26 on Thursday, reaching $20.14. The company's stock had a trading volume of 2,728,407 shares, compared to its average volume of 3,401,704. Annaly Capital Management has a 52 week low of $14.52 and a 52 week high of $21.07. The firm's fifty day simple moving average is $19.31 and its two-hundred day simple moving average is $19.27. The company has a market capitalization of $10.08 billion, a price-to-earnings ratio of -20.76 and a beta of 1.53.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, hitting 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 business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. During the same quarter in the previous year, the firm earned $0.81 EPS. As a group, research analysts predict that Annaly Capital Management will post 2.64 EPS for the current year.
Annaly Capital Management Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, June 28th. This represents a $2.60 annualized dividend and a yield of 12.91%. Annaly Capital Management's dividend payout ratio (DPR) is currently -268.04%.
Institutional Investors Weigh In On Annaly Capital Management
A number of hedge funds have recently made changes to their positions in NLY. Vanguard Group Inc. raised its holdings in shares of Annaly Capital Management by 3.4% in 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 last quarter. Allspring Global Investments Holdings LLC boosted its stake in Annaly Capital Management by 1.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust's stock worth $343,578,000 after purchasing an additional 278,391 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings 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 in the last quarter. Norges Bank acquired a new stake in shares of Annaly Capital Management in the fourth quarter valued at about $110,244,000. Finally, Algebris UK Ltd raised its position in shares of Annaly Capital Management by 195.9% in the first quarter. Algebris UK Ltd now owns 4,034,821 shares of the real estate investment trust's stock valued at $87,532,000 after buying an additional 2,671,236 shares during the last quarter. 51.56% of the stock is currently owned by hedge funds and other institutional investors.
Annaly Capital Management Company Profile
(Get Free Report
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.
Featured Stories
- Five stocks we like better than Annaly Capital Management
- Consumer Discretionary Stocks Explained
- What Are Trending Stocks? Trending Stocks Explained
- The FOMC Decision Means Higher Prices for Stocks This Summer
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Here's Why Analysts Boosted Walmart Stock's Valuation
→ 917 Trades… Zero Losses? (From Insiders Exposed) (Ad)
Should you invest $1,000 in Annaly Capital Management right now?
Before you consider Annaly Capital Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Annaly Capital Management wasn't on the list.
While Annaly Capital Management currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
