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

Shares of Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $21.10.

Several analysts recently issued reports on NLY shares. Piper Sandler reduced their price objective on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada restated an "outperform" rating and issued a $22.00 price objective on shares of Annaly Capital Management in a report on Monday, February 10th. Jones Trading reiterated a "buy" rating and issued a $21.00 target price on shares of Annaly Capital Management in a report on Friday, May 2nd. Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th.

Annaly Capital Management Stock Up 0.7 %

NYSE:NLY traded up $0.14 on Friday, hitting $19.16. The stock had a trading volume of 6,539,896 shares, compared to its average volume of 6,121,643. The company has a fifty day moving average price of $19.88 and a two-hundred day moving average price of $19.77. Annaly Capital Management has a 1-year low of $16.60 and a 1-year high of $22.11. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 4.89 and a beta of 1.25.

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 (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. The company had revenue of $186.64 million during the quarter, compared to analysts' expectations of $418.04 million. As a group, analysts anticipate that Annaly Capital Management will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.70 per share. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a dividend yield of 14.62%. The ex-dividend date was Monday, March 31st. Annaly Capital Management's payout ratio is 314.61%.

Hedge Funds Weigh In On Annaly Capital Management

Several large investors have recently bought and sold shares of the business. Stratos Wealth Advisors LLC increased its holdings in shares of Annaly Capital Management by 93.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock valued at $5,043,000 after acquiring an additional 132,891 shares during the last quarter. Howard Financial Services LTD. purchased a new position in Annaly Capital Management in the fourth quarter valued at approximately $527,000. Tandem Financial LLC acquired a new stake in Annaly Capital Management during the fourth quarter worth approximately $327,000. Wernau Asset Management Inc. purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $229,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Annaly Capital Management by 12.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,612,278 shares of the real estate investment trust's stock valued at $66,105,000 after buying an additional 393,581 shares in the last quarter. Hedge funds and other 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.