JMP Securities Reiterates Market Perform Rating for Annaly Capital Management (NYSE:NLY)

JMP Securities reissued their market perform rating on shares of Annaly Capital Management (NYSE:NLY) in a research report sent to investors on Thursday morning, Benzinga reports.

A number of other research firms also recently issued reports on NLY. Compass Point assumed coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They set a buy rating and a $22.00 target price on the stock. Keefe, Bruyette & Woods reissued an outperform rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. StockNews.com raised Annaly Capital Management from a sell rating to a hold rating in a research note on Saturday, January 27th. Royal Bank of Canada reissued an outperform rating and issued a $21.00 price objective on shares of Annaly Capital Management in a research note on Monday, February 12th. Finally, Jonestrading upped their target price on Annaly Capital Management from $18.00 to $21.00 and gave the stock a buy rating in a research report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Annaly Capital Management has a consensus rating of Moderate Buy and an average price target of $21.19.

Annaly Capital Management Trading Up 0.6 %

Shares of NYSE NLY opened at $17.99 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.22 and a quick ratio of 1.22. Annaly Capital Management has a twelve month low of $14.52 and a twelve month high of $21.07. The firm has a fifty day simple moving average of $19.12 and a 200 day simple moving average of $18.60.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.65 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 14.46%. Annaly Capital Management’s dividend payout ratio is presently -72.02%.

Insider Activity at Annaly Capital Management

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the transaction, the chief executive officer now directly owns 662,469 shares in the company, valued at approximately $12,606,785.07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Annaly Capital Management

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Annaly Capital Management by 2.9% in the first quarter. Vanguard Group Inc. now owns 132,287,354 shares of the real estate investment trust’s stock valued at $931,303,000 after acquiring an additional 3,668,441 shares in the last quarter. BlackRock Inc. boosted its position in Annaly Capital Management by 1.1% in the first quarter. BlackRock Inc. now owns 54,913,095 shares of the real estate investment trust’s stock worth $1,049,389,000 after purchasing an additional 576,515 shares during the last quarter. State Street Corp grew its stake in Annaly Capital Management by 14.0% in the 2nd quarter. State Street Corp now owns 34,722,698 shares of the real estate investment trust’s stock valued at $212,614,000 after purchasing an additional 4,263,394 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Annaly Capital Management by 1.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 17,449,356 shares of the real estate investment trust’s stock valued at $343,578,000 after purchasing an additional 278,391 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Annaly Capital Management by 166.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 14,866,079 shares of the real estate investment trust’s stock valued at $87,858,000 after purchasing an additional 9,279,874 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

About Annaly Capital Management

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.