Annaly Capital Management’s (NLY) “Buy” Rating Reaffirmed at Jonestrading

Jonestrading reiterated their buy rating on shares of Annaly Capital Management (NYSE:NLY) in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a $21.00 target price on the real estate investment trust’s stock.

Several other research firms have also commented on NLY. Keefe, Bruyette & Woods restated an outperform rating and issued a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Royal Bank of Canada restated an outperform rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th. Compass Point began coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They set a buy rating and a $22.00 price target on the stock. JMP Securities reissued a market perform rating on shares of Annaly Capital Management in a research report on Thursday, April 18th. Finally, StockNews.com raised Annaly Capital Management from a sell rating to a hold rating in a research report on Saturday, January 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $21.07.

Annaly Capital Management Stock Performance

NLY stock opened at $18.91 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50-day moving average price of $19.10 and a 200 day moving average price of $18.62. The company has a market capitalization of $9.46 billion, a P/E ratio of -19.27 and a beta of 1.54. Annaly Capital Management has a 1-year low of $14.52 and a 1-year high of $21.07.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.20%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $320.00 million. During the same period in the previous year, the company posted $0.81 earnings per share. As a group, equities research analysts forecast that Annaly Capital Management will post 2.57 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 annualized dividend and a dividend yield of 13.75%. Annaly Capital Management’s dividend payout ratio (DPR) is presently -268.04%.

Insider Buying and Selling

In other news, CEO David L. Finkelstein sold 50,000 shares of Annaly Capital Management stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the sale, the chief executive officer now owns 662,469 shares of the company’s stock, valued at approximately $12,606,785.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA boosted its stake in Annaly Capital Management by 7.0% in the 3rd quarter. Private Trust Co. NA now owns 10,876 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 709 shares in the last quarter. Oak Thistle LLC acquired a new stake in Annaly Capital Management in the 3rd quarter worth approximately $450,000. Asset Management One Co. Ltd. boosted its stake in Annaly Capital Management by 7.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 198,477 shares of the real estate investment trust’s stock worth $3,733,000 after purchasing an additional 13,281 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Annaly Capital Management by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 78,700 shares of the real estate investment trust’s stock worth $1,480,000 after purchasing an additional 10,600 shares in the last quarter. Finally, KG&L Capital Management LLC boosted its stake in Annaly Capital Management by 72.8% in the 3rd quarter. KG&L Capital Management LLC now owns 29,628 shares of the real estate investment trust’s stock worth $557,000 after purchasing an additional 12,480 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

About Annaly Capital Management

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.