Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.00 Consensus Price Target from Analysts

Shares of Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Two equities research 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 brokerages that have issued ratings on the stock in the last year is $21.00.

A number of research analysts recently issued reports on NLY shares. Piper Sandler lowered their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Jones Trading reissued a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a research report on Friday, May 2nd. Royal Bank of Canada lowered their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 27th. JPMorgan Chase & Co. reduced their target price on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods upped their price target on Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd.

Institutional Investors Weigh In On Annaly Capital Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NLY. Jupiter Wealth Management LLC raised its position in shares of Annaly Capital Management by 3.4% in the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock worth $275,000 after acquiring an additional 492 shares during the period. Proffitt & Goodson Inc. grew its position in shares of Annaly Capital Management by 1.0% in the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after purchasing an additional 505 shares in the last quarter. Cannell & Spears LLC boosted its stake in Annaly Capital Management by 1.3% during the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock worth $755,000 after buying an additional 518 shares during the last quarter. Guidance Point Advisors LLC grew its holdings in Annaly Capital Management by 3.1% in the 1st quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust's stock valued at $346,000 after buying an additional 519 shares in the last quarter. Finally, LVZ Inc. increased its stake in shares of Annaly Capital Management by 2.7% in the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 521 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE:NLY traded down $0.19 during trading hours on Thursday, hitting $18.76. The stock had a trading volume of 1,209,776 shares, compared to its average volume of 6,457,012. The company has a 50 day simple moving average of $19.05 and a two-hundred day simple moving average of $19.75. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 4.89 and a beta of 1.25. Annaly Capital Management has a one year low of $16.60 and a one year high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $186.64 million during the quarter, compared to analyst estimates of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. Equities research analysts anticipate that Annaly Capital Management will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 14.93%. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. Annaly Capital Management's dividend payout ratio (DPR) is 314.61%.

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.