Annaly Capital Management (NYSE:NLY) Receives Market Perform Rating from JMP Securities

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

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Barclays initiated coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.11.

Annaly Capital Management Trading Up 0.7 %

Shares of NLY opened at $19.49 on Thursday. The stock has a market cap of $10.92 billion, a PE ratio of -278.39 and a beta of 1.51. Annaly Capital Management has a 1 year low of $17.67 and a 1 year high of $21.11. The stock has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $19.70.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $212.00 million. During the same period in the previous year, the business posted $0.66 earnings per share. On average, sell-side analysts forecast that Annaly Capital Management will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.34%. Annaly Capital Management’s payout ratio is currently -3,714.29%.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds have recently added to or reduced their stakes in NLY. Columbus Macro LLC bought a new position in shares of Annaly Capital Management in the 4th quarter valued at about $6,307,000. Spire Wealth Management acquired a new position in Annaly Capital Management in the fourth quarter valued at approximately $140,000. KG&L Capital Management LLC grew its holdings in Annaly Capital Management by 2.0% during the 4th quarter. KG&L Capital Management LLC now owns 30,648 shares of the real estate investment trust’s stock worth $561,000 after acquiring an additional 600 shares during the period. Clear Creek Financial Management LLC grew its holdings in Annaly Capital Management by 10.8% during the 4th quarter. Clear Creek Financial Management LLC now owns 26,278 shares of the real estate investment trust’s stock worth $481,000 after acquiring an additional 2,553 shares during the period. Finally, Clarity Financial LLC raised its position in shares of Annaly Capital Management by 112.2% during the 4th quarter. Clarity Financial LLC now owns 707,130 shares of the real estate investment trust’s stock valued at $12,940,000 after acquiring an additional 373,959 shares during the last quarter. Institutional investors own 51.56% of the company’s stock.

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.