Annaly Capital Management (NYSE:NLY) Given New $21.00 Price Target at JPMorgan Chase & Co.

Annaly Capital Management (NYSE:NLY) had its price objective increased by JPMorgan Chase & Co. from $19.00 to $21.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. JMP Securities reissued a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, January 23rd. Argus upgraded shares of Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, October 31st. Barclays initiated coverage on shares of Annaly Capital Management in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price target for the company. Finally, Royal Bank of Canada raised their price objective on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday, January 27th. Three research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.44.

Annaly Capital Management Trading Down 0.4 %

Annaly Capital Management stock opened at $20.39 on Friday. The firm has a market capitalization of $11.43 billion, a P/E ratio of 12.82 and a beta of 1.51. The business has a 50-day moving average of $19.29 and a 200-day moving average of $19.70. Annaly Capital Management has a 1 year low of $17.67 and a 1 year high of $21.11.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 15.30%. Research analysts anticipate that Annaly Capital Management will post 2.71 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 12.75%. The ex-dividend date of this dividend was Tuesday, December 31st. Annaly Capital Management’s payout ratio is 163.52%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NLY. Armstrong Advisory Group Inc. raised its holdings in shares of Annaly Capital Management by 6.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 562 shares during the period. Fermata Advisors LLC increased its position in Annaly Capital Management by 3.2% during the fourth quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 563 shares during the last quarter. Toth Financial Advisory Corp raised its stake in Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 576 shares during the period. Wesbanco Bank Inc. lifted its position in shares of 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 buying an additional 584 shares during the last quarter. Finally, KG&L Capital Management LLC boosted its stake in shares of Annaly Capital Management by 2.0% during the 4th quarter. KG&L Capital Management LLC now owns 30,648 shares of the real estate investment trust’s stock worth $561,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds 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.