Annaly Capital Management Inc. (NYSE:NLY) has been given a $12.00 price objective by equities researchers at Credit Suisse Group AG in a research report issued to clients and investors on Friday. The brokerage presently has a a “hold” rating on the stock. Credit Suisse Group AG’s price objective indicates a potential upside of 19.76% from the company’s current price.

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of 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. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $11.00 target price on shares of Annaly Capital Management in a research report on Friday, August 5th. Bank of America Corp. reiterated a “hold” rating and issued a $11.00 target price on shares of Annaly Capital Management in a research report on Tuesday, November 8th. Zacks Investment Research upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Deutsche Bank AG lifted their target price on shares of Annaly Capital Management from $10.50 to $11.00 and gave the company a “hold” rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Annaly Capital Management presently has an average rating of “Hold” and a consensus target price of $11.06.

Analyst Recommendations for Annaly Capital Management (NYSE:NLY)

Annaly Capital Management (NYSE:NLY) opened at 10.02 on Friday. Annaly Capital Management has a 52 week low of $8.25 and a 52 week high of $11.29. The firm has a 50-day moving average of $10.25 and a 200-day moving average of $10.66. The company has a market capitalization of $10.21 billion, a P/E ratio of 53.87 and a beta of 0.23.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Annaly Capital Management had a net margin of 15.41% and a return on equity of 10.78%. During the same period last year, the business earned $0.21 EPS. Analysts anticipate that Annaly Capital Management will post $1.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were paid a dividend of $0.2641 per share. This represents a $1.06 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date was Wednesday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 963.64%.

In other news, insider Timothy P. Coffey bought 30,000 shares of Annaly Capital Management stock in a transaction on Wednesday, November 9th. The shares were bought at an average cost of $10.15 per share, with a total value of $304,500.00. Following the completion of the purchase, the insider now directly owns 38,000 shares of the company’s stock, valued at $385,700. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David L. Finkelstein bought 100,000 shares of Annaly Capital Management stock in a transaction on Friday, November 4th. The shares were purchased at an average cost of $10.30 per share, for a total transaction of $1,030,000.00. Following the completion of the purchase, the insider now directly owns 200,000 shares of the company’s stock, valued at $2,060,000. The disclosure for this purchase can be found here. Company insiders own 0.47% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC bought a new stake in Annaly Capital Management during the second quarter worth about $101,000. Balentine LLC bought a new stake in Annaly Capital Management during the second quarter worth about $105,000. Krasney Financial LLC bought a new stake in Annaly Capital Management during the third quarter worth about $108,000. Penserra Capital Management LLC increased its stake in Annaly Capital Management by 1.9% in the second quarter. Penserra Capital Management LLC now owns 10,074 shares of the company’s stock worth $112,000 after buying an additional 189 shares during the period. Finally, Mizuho Asset Management Co. Ltd. increased its stake in Annaly Capital Management by 80.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 10,423 shares of the company’s stock worth $115,000 after buying an additional 4,636 shares during the period. 55.75% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:NLY

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