Annaly Capital Management Inc (NYSE:NLY) Receives $24.22 Consensus PT from Analysts

Shares of Annaly Capital Management Inc (NYSE:NLY) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $24.2222.

A number of research firms have recently weighed in on NLY. JonesTrading reissued a “buy” rating and set a $25.00 target price on shares of Annaly Capital Management in a report on Wednesday, April 22nd. Piper Sandler dropped their target price on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Keefe, Bruyette & Woods lifted their target price on Annaly Capital Management from $23.25 to $25.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. JPMorgan Chase & Co. lifted their target price on Annaly Capital Management from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, UBS Group restated a “neutral” rating and issued a $23.00 price target (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th.

Insider Activity at Annaly Capital Management

In related news, COO Steven Francis Campbell sold 26,491 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $22.83, for a total value of $604,789.53. Following the transaction, the chief operating officer owned 178,000 shares in the company, valued at approximately $4,063,740. This trade represents a 12.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Annaly Capital Management by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 63,613,639 shares of the real estate investment trust’s stock worth $1,422,401,000 after purchasing an additional 3,024,564 shares during the period. State Street Corp increased its position in shares of Annaly Capital Management by 8.4% in the fourth quarter. State Street Corp now owns 26,425,278 shares of the real estate investment trust’s stock worth $608,994,000 after purchasing an additional 2,053,451 shares during the period. Geode Capital Management LLC increased its position in shares of Annaly Capital Management by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 18,401,487 shares of the real estate investment trust’s stock worth $411,031,000 after purchasing an additional 1,503,559 shares during the period. Norges Bank bought a new position in shares of Annaly Capital Management in the fourth quarter worth $162,477,000. Finally, Morgan Stanley increased its position in shares of Annaly Capital Management by 33.5% in the fourth quarter. Morgan Stanley now owns 6,977,329 shares of the real estate investment trust’s stock worth $156,013,000 after purchasing an additional 1,751,509 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

NLY opened at $21.56 on Thursday. Annaly Capital Management has a fifty-two week low of $18.43 and a fifty-two week high of $24.52. The company has a market capitalization of $15.80 billion, a P/E ratio of 7.28, a P/E/G ratio of 6.50 and a beta of 1.20. The stock has a fifty day moving average of $21.99 and a 200-day moving average of $22.49.

Annaly Capital Management (NYSE:NLY) last posted its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Annaly Capital Management had a return on equity of 15.92% and a net margin of 34.33%.The company had revenue of $341.56 million during the quarter, compared to the consensus estimate of $595.27 million. On average, equities research analysts predict that Annaly Capital Management will post 2.98 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, March 31st were given a $0.70 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is presently 94.59%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.