Annaly Capital Management Inc (NYSE:NLY) Stock Has Consensus Price Target of $21.67 According to Analysts

Key Points

• Analyst sentiment is moderately positive: Twelve brokerages rate Annaly Capital Management “Moderate Buy,” with a consensus 12-month price target of $21.67 versus shares opening at $18.96.
• Quarterly earnings topped expectations: Annaly reported EPS of $0.80, beating the $0.77 consensus estimate; revenue was $1.93 billion.
• The company’s quarterly dividend annualizes to $3.00 per share, equivalent to a reported yield of 15.8%. Its payout ratio was 209.79%.

Annaly Capital Management Inc (NYSE:NLY - Get Free Report) has received an average rating of "Moderate Buy" from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Four equities 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 12-month target price among brokers that have issued a report on the stock in the last year is $21.67.

A number of research analysts recently issued reports on the company. Weiss Ratings lowered Annaly Capital Management from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, October 29th. JPMorgan Chase & Co. upped their price target on Annaly Capital Management from $19.00 to $19.50 and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Royal Bank Of Canada set a $21.00 price target on Annaly Capital Management and gave the company an "outperform" rating in a research report on Thursday, October 22nd. Barclays set a $21.00 price objective on Annaly Capital Management and gave the company an "equal weight" rating in a research note on Thursday, October 22nd. Finally, JonesTrading lowered their price objective on Annaly Capital Management from $25.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, October 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NLY. Lido Advisors LLC boosted its position in shares of Annaly Capital Management by 4.5% in the 3rd quarter. Lido Advisors LLC now owns 172,882 shares of the real estate investment trust's stock valued at $3,266,000 after purchasing an additional 7,393 shares during the period. New York Life Investment Management LLC grew its stake in Annaly Capital Management by 16.7% during the 3rd quarter. New York Life Investment Management LLC now owns 108,450 shares of the real estate investment trust's stock worth $2,049,000 after buying an additional 15,529 shares during the last quarter. Creekside Partners increased its position in Annaly Capital Management by 12.1% during the third quarter. Creekside Partners now owns 72,947 shares of the real estate investment trust's stock worth $1,378,000 after buying an additional 7,877 shares during the period. Retirement Systems of Alabama increased its position in Annaly Capital Management by 2.0% during the third quarter. Retirement Systems of Alabama now owns 999,365 shares of the real estate investment trust's stock worth $18,878,000 after buying an additional 19,517 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Annaly Capital Management by 8.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,537,956 shares of the real estate investment trust's stock worth $234,460,000 after buying an additional 1,001,289 shares during the period. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Stock Up 4.0%

Shares of NLY stock opened at $18.96 on Thursday. Annaly Capital Management has a 52 week low of $17.70 and a 52 week high of $24.52. The stock has a market capitalization of $14.94 billion, a PE ratio of 13.26, a P/E/G ratio of 1.40 and a beta of 1.24. The firm has a 50 day moving average of $20.02 and a two-hundred day moving average of $21.88.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The real estate investment trust reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Annaly Capital Management had a net margin of 15.52% and a return on equity of 16.65%. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $637.41 million. Analysts expect that Annaly Capital Management will post 3.12 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, September 30th were paid a $0.75 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $3.00 dividend on an annualized basis and a yield of 15.8%. Annaly Capital Management's payout ratio is currently 209.79%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly's investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.

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