Annaly Capital Management Inc (NYSE:NLY) Stock Has Average Price Target of $23.61 According to Analysts

Key Points

• Analysts maintain a moderately bullish view: Annaly Capital Management has a “Moderate Buy” consensus from 12 analysts, with an average 12-month price target of $23.61 versus its reported share price of $18.33.
• Annaly reported quarterly EPS of $0.79, exceeding the $0.75 consensus estimate, while generating $1.82 billion in revenue and a 16% return on equity.
• The company declared a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a reported yield of 16.4%; institutional investors own 51.56% of the stock.

Shares of Annaly Capital Management Inc (NYSE:NLY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $23.61.

Several brokerages recently issued reports on NLY. BTIG Research set a $21.00 price target on Annaly Capital Management and gave the company a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on Annaly Capital Management from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Annaly Capital Management in a report on Tuesday. Piper Sandler cut their target price on Annaly Capital Management from $25.00 to $21.50 and set an "overweight" rating for the company in a research report on Friday. Finally, Zacks Research lowered Annaly Capital Management from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st.

Hedge Funds Weigh In On Annaly Capital Management

Several hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC raised its position in shares of Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 1,136 shares in the last quarter. Markowski Investments acquired a new stake in shares of Annaly Capital Management during the 2nd quarter worth approximately $37,000. SHP Wealth Management acquired a new stake in shares of Annaly Capital Management during the 4th quarter worth approximately $43,000. Fourth Dimension Wealth LLC increased its stake in Annaly Capital Management by 30.3% in the second quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 500 shares during the last quarter. Finally, Gould Capital LLC increased its stake in Annaly Capital Management by 38.2% in the fourth quarter. Gould Capital LLC now owns 2,245 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 621 shares during the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Up 0.3%

Shares of Annaly Capital Management stock opened at $18.33 on Friday. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 4.59, a price-to-earnings-growth ratio of 1.44 and a beta of 1.21. Annaly Capital Management has a twelve month low of $17.76 and a twelve month high of $24.52. The company has a 50-day simple moving average of $21.76 and a two-hundred day simple moving average of $22.01.

Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. Annaly Capital Management had a net margin of 43.66% and a return on equity of 16.00%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. On average, sell-side analysts anticipate that Annaly Capital Management will post 3.09 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 Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 16.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Annaly Capital Management's payout ratio is 75.19%.

About Annaly Capital Management

Annaly Capital Management, Inc is a real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company's primary business is focused on generating income from investments in agency mortgage-backed securities, which are guaranteed by a U.S. government-sponsored enterprise or government agency.

In addition to agency securities, Annaly invests in residential credit assets, including non-agency mortgage-backed securities and other residential loans.

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