Annaly Capital Management (NYSE:NLY) Reaches New 1-Year High – What’s Next?

Annaly Capital Management, Inc. (NYSE:NLY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.59 and last traded at $21.55, with a volume of 6745043 shares traded. The stock had previously closed at $21.41.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Barclays assumed coverage on 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. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. JPMorgan Chase & Co. increased their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Argus raised Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.44.

Annaly Capital Management Price Performance

The firm has a 50-day moving average of $19.55 and a 200 day moving average of $19.77. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 4.82 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY) last issued its quarterly 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 return on equity of 14.95% and a net margin of 20.70%. On average, equities analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.65 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.07%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 163.52%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jupiter Wealth Management LLC lifted its position in shares of Annaly Capital Management by 3.4% in the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 492 shares during the last quarter. Proffitt & Goodson Inc. lifted its position in shares of Annaly Capital Management by 1.0% in the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust’s stock valued at $971,000 after buying an additional 505 shares during the last quarter. Cannell & Spears LLC lifted its position in shares of Annaly Capital Management by 1.3% in the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust’s stock valued at $755,000 after buying an additional 518 shares during the last quarter. LVZ Inc. lifted its position in shares of Annaly Capital Management by 2.7% in the fourth quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 521 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Annaly Capital Management by 29.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 549 shares during the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

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.