Annaly Capital Management Inc (NLY) – What Are Brokerages Thinking About This Stock?

Shares of Annaly Capital Management Inc (NYSE:NLY) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.67.

A number of analysts have weighed in on the stock. Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Barclays set a $21.00 price objective on shares of Annaly Capital Management and gave the stock an “equal weight” rating in a report on Thursday, October 22nd. Wells Fargo & Company set a $22.00 price objective on shares of Annaly Capital Management and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Weiss Ratings cut shares of Annaly Capital Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 29th. Finally, BTIG Research set a $21.00 target price on shares of Annaly Capital Management and gave the company a “buy” rating in a research note on Tuesday, October 6th.

Annaly Capital Management Stock Down 2.1%

Shares of NLY stock opened at $18.34 on Thursday. Annaly Capital Management has a 12 month low of $17.70 and a 12 month high of $24.52. The firm has a market cap of $14.45 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 1.43 and a beta of 1.24. The stock has a 50 day moving average of $19.60 and a 200-day moving average of $21.75.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $637.41 million. As a group, equities analysts predict that Annaly Capital Management will post 3.13 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a $0.75 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.00 annualized dividend and a yield of 16.4%. Annaly Capital Management’s dividend payout ratio is 209.79%.

Insider Activity at Annaly Capital Management

In other news, Director Scott Wede acquired 50,000 shares of Annaly Capital Management stock in a transaction on Friday, November 6th. The stock was bought at an average price of $18.80 per share, for a total transaction of $940,000.00. Following the transaction, the director owned 50,000 shares of the company’s stock, valued at $940,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Annaly Capital Management

A number of institutional investors have recently bought and sold shares of NLY. Root Financial Partners LLC lifted its holdings in shares of Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,136 shares during the period. Markowski Investments bought a new stake in Annaly Capital Management in the second quarter valued at about $37,000. Jacobi Capital Management LLC bought a new stake in Annaly Capital Management in the third quarter valued at about $39,000. Fourth Dimension Wealth LLC raised its position in Annaly Capital Management by 30.3% in the second quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 500 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Annaly Capital Management by 42.6% in the first quarter. Bessemer Group Inc. now owns 3,699 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,105 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company’s stock.

About Annaly Capital Management

Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT) that invests in assets tied to the U.S. housing and mortgage markets. Its portfolio includes agency mortgage-backed securities, residential credit investments and mortgage servicing rights. The company’s agency investments include mortgage-backed securities whose principal and interest payments are guaranteed by government-sponsored enterprises or government agencies. Its residential credit activities include investments in mortgage loans and securities that do not carry those guarantees, while its servicing rights relate to the collection and administration of mortgage payments.