Analysts Set Annaly Capital Management, Inc. (NYSE:NLY) Price Target at $21.10

Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $21.10.

NLY has been the topic of several recent analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Annaly Capital Management from $20.15 to $20.50 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Jones Trading reaffirmed a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th.

Annaly Capital Management Trading Up 0.1 %

Shares of NYSE NLY traded up $0.02 during trading on Friday, reaching $19.30. 1,872,672 shares of the company traded hands, compared to its average volume of 8,130,042. Annaly Capital Management has a 12-month low of $16.59 and a 12-month high of $22.11. The stock has a market cap of $11.53 billion, a P/E ratio of 12.14, a PEG ratio of 4.89 and a beta of 1.25. The firm's fifty day simple moving average is $19.78 and its 200 day simple moving average is $19.76.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. The business had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. As a group, research analysts expect that Annaly Capital Management will post 2.81 EPS for the current year.

Annaly Capital Management Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 14.51%. Annaly Capital Management's payout ratio is presently 314.61%.

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Annaly Capital Management by 31.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after buying an additional 8,272,674 shares during the last quarter. Norges Bank purchased a new stake in Annaly Capital Management in the fourth quarter valued at $127,397,000. Vanguard Group Inc. lifted its stake in shares of Annaly Capital Management by 12.0% in 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 purchasing an additional 5,859,104 shares during the last quarter. KBC Group NV grew its holdings in shares of Annaly Capital Management by 238.9% during the 4th quarter. KBC Group NV now owns 5,198,020 shares of the real estate investment trust's stock worth $95,124,000 after purchasing an additional 3,664,098 shares during the period. Finally, Northern Trust Corp increased its position in shares of Annaly Capital Management by 90.6% during the 4th quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after purchasing an additional 3,606,366 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

About Annaly Capital Management

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.