Annaly Capital Management’s (NLY) Buy Rating Reiterated at Jones Trading

Jones Trading reaffirmed their buy rating on shares of Annaly Capital Management (NYSE:NLY) in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $22.00 target price on the real estate investment trust’s stock.

Several other research firms also recently weighed in on NLY. Royal Bank Of Canada upped their price target on Annaly Capital Management from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Zacks Research cut Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Piper Sandler set a $22.50 price target on Annaly Capital Management and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Annaly Capital Management from $20.50 to $21.50 and gave the company an “outperform” rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Annaly Capital Management has an average rating of “Hold” and an average price target of $21.63.

Annaly Capital Management Price Performance

NLY opened at $20.96 on Thursday. The company has a current ratio of 0.09, a quick ratio of 0.11 and a debt-to-equity ratio of 0.19. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 4.96 and a beta of 1.25. The stock has a fifty day simple moving average of $21.13 and a two-hundred day simple moving average of $20.01. Annaly Capital Management has a 12-month low of $16.59 and a 12-month high of $22.45.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The firm had revenue of $885.58 million for the quarter, compared to analysts’ expectations of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. Research analysts predict that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management’s dividend payout ratio (DPR) is 129.63%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Annaly Capital Management by 83.6% in the 1st quarter. GAMMA Investing LLC now owns 4,910 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 2,236 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Annaly Capital Management by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,591 shares of the real estate investment trust’s stock valued at $1,048,000 after acquiring an additional 2,903 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Annaly Capital Management by 8.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 367,519 shares of the real estate investment trust’s stock valued at $7,464,000 after acquiring an additional 28,570 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in shares of Annaly Capital Management by 7.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 14,070 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 933 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Annaly Capital Management by 8.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 75,238 shares of the real estate investment trust’s stock worth $1,528,000 after purchasing an additional 6,007 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.

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.