Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $19.06 and last traded at $19.59, with a volume of 9123693 shares changing hands. The stock had previously closed at $19.62.
Analyst Ratings Changes
NLY has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 target price on shares of Annaly Capital Management in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased 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. Finally, Barclays assumed coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Annaly Capital Management has an average rating of "Moderate Buy" and a consensus target price of $21.10.
View Our Latest Report on NLY
Annaly Capital Management Price Performance
The stock has a fifty day moving average of $19.94 and a 200 day moving average of $19.77. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 4.89 and a beta of 1.25.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.72 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 analysts' expectations of $418.04 million. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. As a group, equities analysts expect that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current fiscal year.
Annaly Capital Management Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a dividend of $0.70 per share. This is an increase from Annaly Capital Management's previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 14.76%. The ex-dividend date of this dividend was Monday, March 31st. Annaly Capital Management's dividend payout ratio (DPR) is currently 314.61%.
Institutional Trading of Annaly Capital Management
A number of hedge funds have recently modified their holdings of the stock. Inlight Wealth Management LLC purchased a new position in shares of Annaly Capital Management during the 1st quarter valued at approximately $25,000. Financial Gravity Asset Management Inc. purchased a new position in Annaly Capital Management in the first quarter valued at $28,000. Assetmark Inc. purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth about $31,000. Blue Trust Inc. increased its stake in shares of Annaly Capital Management by 78.5% in the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 717 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Annaly Capital Management in the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 51.56% of the company's stock.
About Annaly Capital Management
(
Get Free Report)
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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