Annaly Capital Management Inc (NYSE:NLY) Given Average Rating of "Moderate Buy" by Brokerages

Annaly Capital Management Inc (NYSE:NLY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.90.

A number of research analysts recently weighed in on the company. UBS Group reissued a "neutral" rating and set a $20.00 target price (up from $18.00) on shares of Annaly Capital Management in a report on Thursday, July 10th. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Jones Trading reissued a "buy" rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Keefe, Bruyette & Woods boosted their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, Piper Sandler reduced their price target on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd.

Annaly Capital Management Stock Up 0.7%

Shares of NLY stock traded up $0.14 during trading on Friday, reaching $19.86. 5,179,947 shares of the company's stock were exchanged, compared to its average volume of 6,909,335. The stock has a market capitalization of $11.87 billion, a PE ratio of 22.31, a PEG ratio of 4.34 and a beta of 1.22. Annaly Capital Management has a twelve month low of $16.60 and a twelve month high of $22.11. The firm's fifty day moving average price is $19.29 and its 200-day moving average price is $19.69.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The business had revenue of $186.64 million for the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. As a group, analysts anticipate that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.10%. Annaly Capital Management's payout ratio is 314.61%.

Institutional Trading of Annaly Capital Management

Institutional investors have recently modified their holdings of the stock. Bayesian Capital Management LP bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at $730,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at $4,448,000. APG Asset Management N.V. bought a new stake in shares of Annaly Capital Management during the 4th quarter valued at $4,909,000. Vanguard Group Inc. lifted its position in shares of Annaly Capital Management by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock valued at $1,001,407,000 after acquiring an additional 5,859,104 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Annaly Capital Management by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 9,453,133 shares of the real estate investment trust's stock valued at $172,706,000 after acquiring an additional 814,917 shares during the period. 51.56% of the stock is currently owned by institutional investors.

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.