Annaly Capital Management Inc (NYSE:NLY) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Annaly Capital Management Inc has received an average rating of "Moderate Buy" from analysts, with four hold recommendations and six buy recommendations.
• The company recently announced a quarterly dividend of $0.70 per share, resulting in an annualized dividend of $2.80 and a yield of 13.8%.
• Royal Bank of Canada raised its price target for the stock from $21.00 to $23.00, reflecting a positive outlook for Annaly Capital Management's performance.

Shares of Annaly Capital Management Inc (NYSE:NLY - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.8125.

A number of analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Annaly Capital Management from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 15th. UBS Group upped their price target on shares of Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Jones Trading reaffirmed a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a research note on Thursday, July 24th. Zacks Research downgraded shares of Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.50 to $21.50 and gave the stock an "outperform" rating in a research note on Friday, July 25th.

Institutional Investors Weigh In On Annaly Capital Management

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inlight Wealth Management LLC bought a new position in Annaly Capital Management during the first quarter worth about $25,000. Financial Gravity Companies Inc. bought a new position in Annaly Capital Management during the second quarter worth about $25,000. Financial Gravity Asset Management Inc. bought a new position in Annaly Capital Management during the first quarter worth about $28,000. Twin Tree Management LP bought a new position in Annaly Capital Management during the first quarter worth about $29,000. Finally, Delos Wealth Advisors LLC bought a new position in Annaly Capital Management during the second quarter worth about $28,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

NLY opened at $20.22 on Wednesday. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 4.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.11 and a quick ratio of 0.11. Annaly Capital Management has a 1-year low of $16.59 and a 1-year high of $22.45. The business has a 50 day moving average price of $21.08 and a two-hundred day moving average price of $19.96.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a return on equity of 15.53% and a net margin of 13.76%.The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $237.00 million. Research analysts predict that Annaly Capital Management will post 2.81 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio is presently 277.23%.

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.

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