Annaly Capital Management Inc (NYSE:NLY) Receives $24.11 Consensus PT from Analysts

Shares of Annaly Capital Management Inc (NYSE:NLY) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $24.1111.

A number of research firms recently issued reports on NLY. Argus upgraded shares of Annaly Capital Management to a “strong-buy” rating in a research note on Thursday, February 5th. Piper Sandler reissued an “overweight” rating and set a $25.00 target price (up from $23.50) on shares of Annaly Capital Management in a research report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Wednesday, January 21st. Keefe, Bruyette & Woods lifted their price objective on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Finally, BTIG Research upgraded Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, January 6th.

Insiders Place Their Bets

In related news, COO Steven Francis Campbell sold 28,225 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.12, for a total transaction of $652,562.00. Following the completion of the transaction, the chief operating officer directly owned 204,491 shares in the company, valued at $4,727,831.92. This represents a 12.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Serena Wolfe sold 16,536 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the completion of the sale, the chief financial officer owned 173,081 shares in the company, valued at $4,005,094.34. This represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,252 shares of company stock worth $1,639,995 in the last ninety days. 0.22% of the stock is currently owned by insiders.

Institutional Trading of Annaly Capital Management

A number of hedge funds have recently modified their holdings of NLY. Fourth Dimension Wealth LLC increased its position in shares of Annaly Capital Management by 76.9% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 500 shares during the period. Camelot Portfolios LLC acquired a new stake in Annaly Capital Management during the fourth quarter worth $29,000. Mcguire Capital Advisors Inc. bought a new stake in Annaly Capital Management in the 4th quarter valued at $31,000. Delos Wealth Advisors LLC bought a new stake in Annaly Capital Management in the 2nd quarter valued at $28,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Annaly Capital Management by 361.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,178 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NLY stock opened at $20.77 on Wednesday. The stock’s 50 day simple moving average is $22.76 and its 200 day simple moving average is $22.21. Annaly Capital Management has a twelve month low of $16.59 and a twelve month high of $24.52. The company has a market capitalization of $14.92 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 6.38 and a beta of 1.24.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. Annaly Capital Management had a return on equity of 15.80% and a net margin of 34.02%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $567.67 million. On average, analysts forecast that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 13.5%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 100.72%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.