Annaly Capital Management Inc (NYSE:NLY) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Annaly Capital Management Inc has received an average recommendation of "Hold" from analysts, with six buy ratings, four hold ratings, and one sell rating.
• The company's latest earnings report showed a profit of $0.73 EPS, exceeding expectations, alongside a revenue of $885.58 million.
• Annaly announced a $0.70 quarterly dividend, resulting in an annualized yield of 13.4%, with a payout ratio of 129.63%.

Shares of Annaly Capital Management Inc (NYSE:NLY - Get Free Report) have earned a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.6250.

A number of equities research analysts recently issued reports on the stock. Jones Trading reiterated a "buy" rating and set a $22.00 target price on shares of Annaly Capital Management in a research report on Thursday. Piper Sandler set a $22.50 price objective on Annaly Capital Management and gave the stock an "overweight" rating in a report on Wednesday, October 8th. Barclays set a $20.00 target price on Annaly Capital Management and gave the company a "cautious" rating in a research note on Monday, October 6th. UBS Group upped their price objective on Annaly Capital Management from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Annaly Capital Management from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Monday, October 20th.

Annaly Capital Management Price Performance

Shares of NLY opened at $20.96 on Friday. Annaly Capital Management has a 1-year low of $16.59 and a 1-year high of $22.45. The firm has a market capitalization of $13.46 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 4.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.09 and a quick ratio of 0.11. The company's fifty day moving average price is $21.13 and its 200-day moving average price is $20.01.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. The business had revenue of $885.58 million for the quarter, compared to the consensus estimate of $493.55 million. On average, equities research analysts predict that Annaly Capital Management will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Tuesday, September 30th. Annaly Capital Management's dividend payout ratio is 129.63%.

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its holdings in Annaly Capital Management by 5.6% during the 3rd quarter. New York State Teachers Retirement System now owns 537,186 shares of the real estate investment trust's stock worth $10,857,000 after acquiring an additional 28,667 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Annaly Capital Management by 5.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 129,251 shares of the real estate investment trust's stock worth $2,612,000 after purchasing an additional 6,100 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Annaly Capital Management by 1.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 69,053 shares of the real estate investment trust's stock valued at $1,395,000 after purchasing an additional 1,099 shares during the last quarter. Guidance Point Advisors LLC lifted its stake in shares of Annaly Capital Management by 3.3% during the 3rd quarter. Guidance Point Advisors LLC now owns 18,223 shares of the real estate investment trust's stock worth $368,000 after purchasing an additional 577 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Annaly Capital Management by 73.9% during the third quarter. Nisa Investment Advisors LLC now owns 270,482 shares of the real estate investment trust's stock worth $5,680,000 after acquiring an additional 114,946 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

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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