Brokerages Set Annaly Capital Management Inc. (NLY) Target Price at $11.06
Shares of Annaly Capital Management Inc. (NYSE:NLY) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the company. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.06.
Several analysts have recently weighed in on the company. Credit Suisse Group AG set a $12.00 price objective on Annaly Capital Management and gave the stock a “hold” rating in a report on Friday, November 11th. Bank of America Corp. reissued a “hold” rating and set a $11.00 price objective on shares of Annaly Capital Management in a report on Tuesday, November 8th. Zacks Investment Research raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Wednesday, October 12th. Deutsche Bank AG lifted their price objective on Annaly Capital Management from $10.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $11.00 to $11.50 and gave the stock a “market perform” rating in a report on Monday, August 8th.
Shares of Annaly Capital Management (NYSE:NLY) opened at 10.04 on Tuesday. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 53.98 and a beta of 0.23. The firm has a 50-day moving average price of $10.18 and a 200 day moving average price of $10.65. Annaly Capital Management has a 12 month low of $8.25 and a 12 month high of $11.29.
Annaly Capital Management (NYSE:NLY) last released its earnings results on Wednesday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.29. Annaly Capital Management had a return on equity of 10.78% and a net margin of 15.41%. During the same period last year, the company posted $0.21 EPS. On average, analysts anticipate that Annaly Capital Management will post $1.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, September 30th were given a $0.2641 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.06 annualized dividend and a yield of 10.52%. Annaly Capital Management’s payout ratio is 963.64%.
In other Annaly Capital Management news, insider Timothy P. Coffey acquired 30,000 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was purchased at an average price of $10.15 per share, for a total transaction of $304,500.00. Following the transaction, the insider now owns 38,000 shares in the company, valued at approximately $385,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David L. Finkelstein acquired 100,000 shares of the business’s stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $10.30 per share, with a total value of $1,030,000.00. Following the transaction, the insider now owns 200,000 shares in the company, valued at approximately $2,060,000. The disclosure for this purchase can be found here. 0.47% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 1.6% in the second quarter. Vanguard Group Inc. now owns 67,023,200 shares of the company’s stock valued at $741,948,000 after buying an additional 1,048,137 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Annaly Capital Management by 17.0% in the third quarter. BlackRock Fund Advisors now owns 53,710,700 shares of the company’s stock valued at $563,962,000 after buying an additional 7,820,982 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Annaly Capital Management by 9.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 28,135,676 shares of the company’s stock valued at $295,425,000 after buying an additional 2,321,884 shares during the period. APG Asset Management N.V. boosted its stake in Annaly Capital Management by 50.8% in the third quarter. APG Asset Management N.V. now owns 12,474,210 shares of the company’s stock valued at $130,979,000 after buying an additional 4,201,300 shares during the period. Finally, BlackRock Group LTD boosted its stake in Annaly Capital Management by 6.2% in the third quarter. BlackRock Group LTD now owns 8,754,683 shares of the company’s stock valued at $91,925,000 after buying an additional 510,217 shares during the period. Hedge funds and other institutional investors own 55.75% of the company’s stock.
Annaly Capital Management Company Profile
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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