Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.50 Consensus Target Price from Analysts

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $21.50.

A number of equities analysts have commented on NLY shares. Argus raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, October 31st. Wells Fargo & Company upgraded Annaly Capital Management from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $19.00 to $23.00 in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. cut their target price on Annaly Capital Management from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, December 9th.

Hedge Funds Weigh In On Annaly Capital Management

Hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC increased its stake in Annaly Capital Management by 209.9% during the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 850 shares during the period. UMB Bank n.a. grew its holdings in shares of Annaly Capital Management by 70.2% in the third quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 647 shares in the last quarter. Quarry LP acquired a new stake in Annaly Capital Management during the 2nd quarter worth approximately $36,000. Toth Financial Advisory Corp boosted its position in Annaly Capital Management by 31.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares during the period. Finally, McIlrath & Eck LLC acquired a new position in shares of Annaly Capital Management in the third quarter worth $63,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

Shares of Annaly Capital Management stock opened at $18.98 on Monday. Annaly Capital Management has a 1-year low of $17.67 and a 1-year high of $21.11. The stock has a market cap of $10.64 billion, a P/E ratio of -271.14 and a beta of 1.51. The stock’s 50 day simple moving average is $19.39 and its 200-day simple moving average is $19.75.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $212.00 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. As a group, research analysts expect that Annaly Capital Management will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.70%. Annaly Capital Management’s payout ratio is presently -3,714.29%.

Annaly Capital Management Company Profile

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.