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

Annaly Capital Management Inc (NYSE:NLY - Get Free Report) has received an average rating of "Moderate Buy" from the ten research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $21.00.

A number of analysts have weighed in on the company. Jones Trading reiterated a "buy" rating and set a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Royal Bank Of Canada decreased their price target on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, May 27th. Piper Sandler reduced their target price on Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped 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. Finally, Keefe, Bruyette & Woods raised their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a research report on Friday, May 2nd.

Annaly Capital Management Price Performance

NYSE NLY traded up $0.22 on Monday, reaching $19.46. The company had a trading volume of 6,863,750 shares, compared to its average volume of 6,762,028. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 4.24 and a beta of 1.23. Annaly Capital Management has a fifty-two week low of $16.60 and a fifty-two week high of $22.11. The business has a 50 day moving average of $19.14 and a two-hundred day moving average of $19.67.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. Annaly Capital Management had a return on equity of 15.31% and a net margin of 13.10%. The firm had revenue of $186.64 million during the quarter, compared to the consensus estimate of $418.04 million. As a group, research analysts predict that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 30th will be issued a $0.70 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.39%. Annaly Capital Management's dividend payout ratio (DPR) is presently 314.61%.

Institutional Investors Weigh In On Annaly Capital Management

Hedge funds have recently modified their holdings of the stock. Inlight Wealth Management LLC bought a new stake in shares of Annaly Capital Management in the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Annaly Capital Management in the 1st quarter worth approximately $28,000. Twin Tree Management LP bought a new stake in shares of Annaly Capital Management in the 1st quarter worth approximately $29,000. Assetmark Inc. bought a new stake in shares of Annaly Capital Management in the 4th quarter worth approximately $31,000. Finally, MCF Advisors LLC raised its holdings in shares of Annaly Capital Management by 1,087.1% in the 1st quarter. MCF Advisors LLC now owns 1,745 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,598 shares during the period. Institutional investors own 51.56% of the company's stock.

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.