Annaly Capital Management Inc (NYSE:NLY) Given Average Recommendation of “Moderate Buy” by Brokerages

Annaly Capital Management Inc (NYSE:NLY) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.3333.

A number of analysts recently weighed in on NLY shares. Piper Sandler upped their price objective on shares of Annaly Capital Management from $24.50 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Wells Fargo & Company cut their price objective on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. HUB Investment Partners LLC grew its stake in shares of Annaly Capital Management by 3.3% during the second quarter. HUB Investment Partners LLC now owns 14,668 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 462 shares during the last quarter. Quadcap Wealth Management LLC raised its position in shares of Annaly Capital Management by 2.3% in the 1st quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock valued at $463,000 after purchasing an additional 495 shares during the last quarter. Fourth Dimension Wealth LLC raised its position in shares of Annaly Capital Management by 30.3% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 500 shares during the last quarter. Strs Ohio boosted its stake in Annaly Capital Management by 3.3% in the 1st quarter. Strs Ohio now owns 16,920 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 548 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in Annaly Capital Management by 2.4% in the 2nd quarter. Sigma Planning Corp now owns 25,979 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 606 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Up 0.1%

NLY opened at $21.07 on Wednesday. The stock’s fifty day moving average is $22.75 and its two-hundred day moving average is $22.30. The company has a market capitalization of $15.88 billion, a P/E ratio of 5.28, a PEG ratio of 1.65 and a beta of 1.16. Annaly Capital Management has a 52 week low of $20.00 and a 52 week high of $24.52.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $639.80 million. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. Equities analysts anticipate that Annaly Capital Management will post 3.09 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 14.2%. Annaly Capital Management’s dividend payout ratio (DPR) is currently 75.19%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a Maryland-based mortgage real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company’s primary business is providing capital to the U.S. housing market through investments in agency mortgage-backed securities, which are guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.

In addition to agency securities, Annaly invests in residential credit assets and mortgage servicing rights. These investments provide exposure to different segments of the residential mortgage market, while the company uses financing, hedging and portfolio management strategies to manage interest-rate and other market risks.

Founded in 1996, Annaly primarily operates in the United States and is internally managed.