Annaly Capital Management (NYSE:NLY) Stock Price Expected to Rise, UBS Group Analyst Says

Annaly Capital Management (NYSE:NLY - Free Report) had its price objective lifted by UBS Group from $18.00 to $20.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

A number of other equities research analysts also recently weighed in on NLY. Keefe, Bruyette & Woods upped their price target on shares of Annaly Capital Management from $20.15 to $20.50 and gave the company an "outperform" rating in a report on Friday, May 2nd. Piper Sandler cut their price target on shares of Annaly Capital Management from $21.50 to $21.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Jones Trading reissued a "buy" rating and issued a $21.00 price target on shares of Annaly Capital Management in a report on Friday, May 2nd. Royal Bank Of Canada cut their price objective on Annaly Capital Management from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. cut their price objective on Annaly Capital Management from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.90.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY traded down $0.08 on Thursday, hitting $19.73. The company's stock had a trading volume of 4,339,712 shares, compared to its average volume of 6,883,621. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 4.34 and a beta of 1.22. Annaly Capital Management has a 12 month low of $16.60 and a 12 month high of $22.11. The stock's 50-day moving average is $19.25 and its two-hundred day moving average is $19.68.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results 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. Annaly Capital Management had a net margin of 13.10% and a return on equity of 15.31%. The firm had revenue of $186.64 million for the quarter, compared to analysts' expectations of $418.04 million. Equities analysts expect that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 14.19%. The ex-dividend date of this dividend is Monday, June 30th. Annaly Capital Management's dividend payout ratio is 314.61%.

Institutional Investors Weigh In On Annaly Capital Management

A number of large investors have recently added to or reduced their stakes in NLY. Price T Rowe Associates Inc. MD boosted its position in Annaly Capital Management by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,426,571 shares of the real estate investment trust's stock worth $630,007,000 after purchasing an additional 8,272,674 shares during the period. Norges Bank bought a new stake in Annaly Capital Management during the fourth quarter worth approximately $127,397,000. Vanguard Group Inc. boosted its position in Annaly Capital Management by 12.0% during the fourth quarter. Vanguard Group Inc. now owns 54,721,696 shares of the real estate investment trust's stock worth $1,001,407,000 after purchasing an additional 5,859,104 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Annaly Capital Management during the second quarter worth approximately $100,216,000. Finally, Northern Trust Corp boosted its position in Annaly Capital Management by 90.6% during the fourth quarter. Northern Trust Corp now owns 7,587,581 shares of the real estate investment trust's stock worth $138,853,000 after purchasing an additional 3,606,366 shares during the period. Institutional investors own 51.56% of the company's stock.

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.