Shares of Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.38.
NLY has been the topic of several recent research reports. StockNews.com lowered shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a report on Thursday, July 25th. Compass Point increased their price target on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a "buy" rating in a report on Friday, July 26th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $19.00 to $23.00 in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. raised their target price on Annaly Capital Management from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, July 16th.
Read Our Latest Stock Analysis on NLY
NLY stock opened at $19.96 on Wednesday. The stock has a market capitalization of $9.99 billion, a PE ratio of -20.58 and a beta of 1.51. Annaly Capital Management has a 52 week low of $14.52 and a 52 week high of $21.11. The firm has a 50 day moving average of $20.10 and a 200 day moving average of $19.72.
Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.02. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $318.00 million. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. During the same quarter last year, the business posted $0.72 EPS. On average, equities research analysts expect that Annaly Capital Management will post 2.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a $0.65 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.60 annualized dividend and a yield of 13.03%. Annaly Capital Management's payout ratio is -268.04%.
In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the business's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now directly owns 612,469 shares in the company, valued at $12,280,003.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company's stock.
Hedge funds have recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC lifted its holdings in Annaly Capital Management by 21.4% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust's stock worth $56,000 after buying an additional 500 shares during the last quarter. Redmont Wealth Advisors LLC lifted its stake in Annaly Capital Management by 20.6% during the second quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 559 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Annaly Capital Management by 6.0% during the first quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust's stock worth $196,000 after purchasing an additional 562 shares during the last quarter. Wesbanco Bank Inc. increased its stake in Annaly Capital Management by 2.8% in the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust's stock valued at $428,000 after purchasing an additional 584 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its holdings in Annaly Capital Management by 3.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust's stock worth $391,000 after purchasing an additional 597 shares in the last quarter. Institutional investors and hedge funds own 51.56% of the company's stock.
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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