Annaly Capital Management, Inc. (NLY) Receives $11.00 Consensus PT from Analysts
Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.00.
A number of analysts recently commented on NLY shares. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday. Deutsche Bank AG increased their price target on Annaly Capital Management from $10.50 to $11.00 and gave the company a “hold” rating in a research report on Friday, August 12th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $11.50 price target on shares of Annaly Capital Management in a research report on Friday, September 9th. Keefe, Bruyette & Woods increased their price target on Annaly Capital Management from $11.00 to $11.50 and gave the company a “market perform” rating in a research report on Monday, August 8th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $11.00 price target on shares of Annaly Capital Management in a research report on Friday, August 5th.
Annaly Capital Management (NYSE:NLY) opened at 10.26 on Tuesday. The stock’s 50 day moving average is $10.54 and its 200-day moving average is $10.68. The company’s market capitalization is $10.21 billion. Annaly Capital Management has a 1-year low of $8.25 and a 1-year high of $11.29.
Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Annaly Capital Management had a positive return on equity of 10.85% and a negative net margin of 68.57%. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, analysts expect that Annaly Capital Management will post $1.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be issued a $0.2641 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date is Wednesday, September 28th. Annaly Capital Management’s payout ratio is currently -83.46%.
Institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors raised its position in Annaly Capital Management by 17.1% in the second quarter. BlackRock Fund Advisors now owns 45,889,718 shares of the company’s stock worth $507,999,000 after buying an additional 6,714,139 shares during the last quarter. Renaissance Technologies LLC raised its position in Annaly Capital Management by 89.9% in the first quarter. Renaissance Technologies LLC now owns 13,768,700 shares of the company’s stock worth $141,267,000 after buying an additional 6,519,800 shares during the last quarter. Artemis Investment Management LLP bought a new position in Annaly Capital Management during the second quarter worth approximately $55,079,000. Bank of Montreal Can bought a new position in Annaly Capital Management during the second quarter worth approximately $47,372,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Annaly Capital Management by 563.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 4,997,396 shares of the company’s stock valued at $55,321,000 after buying an additional 4,244,697 shares in the last quarter. 54.19% of the stock is owned by hedge funds and other institutional investors.
About Annaly Capital Management
Annaly Capital Management, Inc (Annaly) is a mortgage real estate investment trust (REIT). The Company’s principal business objectives are to generate net income for distribution to its stockholders from its investments and capital preservation. Its portfolio also includes residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities.
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