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

Shares of Annaly Capital Management Inc (NYSE:NLY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.00.

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

Institutional Trading of Annaly Capital Management

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jupiter Wealth Management LLC raised its stake in shares of Annaly Capital Management by 3.4% during the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after acquiring an additional 492 shares in the last quarter. Proffitt & Goodson Inc. raised its stake in shares of Annaly Capital Management by 1.0% during the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after acquiring an additional 505 shares in the last quarter. Cannell & Spears LLC raised its stake in shares of 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 valued at $755,000 after acquiring an additional 518 shares in the last quarter. Guidance Point Advisors LLC raised its stake in shares of Annaly Capital Management by 3.1% during the first quarter. Guidance Point Advisors LLC now owns 17,049 shares of the real estate investment trust's stock valued at $346,000 after acquiring an additional 519 shares in the last quarter. Finally, LVZ Inc. raised its stake in shares of Annaly Capital Management by 2.7% during the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock valued at $359,000 after acquiring an additional 521 shares in the last quarter. Institutional investors own 51.56% of the company's stock.

Annaly Capital Management Stock Down 0.2%

Shares of Annaly Capital Management stock opened at $19.13 on Monday. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 4.21 and a beta of 1.23. The business has a 50-day moving average price of $19.02 and a 200-day moving average price of $19.68. Annaly Capital Management has a twelve month low of $16.60 and a twelve month high of $22.11.

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

Annaly Capital Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 30th. This represents a $2.80 annualized dividend and a dividend yield of 14.63%. Annaly Capital Management's dividend payout ratio (DPR) is presently 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.

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