Annaly Capital Management (NYSE:NLY) Stock Gets Price Target Reduction from JonesTrading

Annaly Capital Management (NYSE:NLY) had its price target reduced by JonesTrading from $25.00 to $21.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on NLY. Zacks Research lowered Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Piper Sandler cut their price target on Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating for the company in a research note on Friday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Annaly Capital Management in a report on Tuesday, October 6th. Finally, BTIG Research set a $21.00 price objective on Annaly Capital Management and gave the company a “buy” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Annaly Capital Management currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Annaly Capital Management Trading Up 0.1%

Annaly Capital Management stock opened at $18.35 on Wednesday. Annaly Capital Management has a 12 month low of $17.70 and a 12 month high of $24.52. The business’s 50 day simple moving average is $20.81 and its 200 day simple moving average is $21.81. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.44 and a beta of 1.21.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, October 20th. The real estate investment trust reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. Annaly Capital Management had a return on equity of 16.65% and a net margin of 15.52%. The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $637.41 million. As a group, equities research analysts forecast that Annaly Capital Management will post 3.10 earnings per share for the current fiscal year.

Annaly Capital Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 16.3%. The ex-dividend date is Wednesday, September 30th. Annaly Capital Management’s dividend payout ratio is presently 209.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC grew its stake in Annaly Capital Management by 585.6% in the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,136 shares in the last quarter. Markowski Investments bought a new stake in Annaly Capital Management during the 2nd quarter valued at $37,000. SHP Wealth Management purchased a new stake in shares of Annaly Capital Management during the fourth quarter worth $43,000. Fourth Dimension Wealth LLC lifted its position in shares of Annaly Capital Management by 30.3% during the second quarter. Fourth Dimension Wealth LLC now owns 2,150 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 500 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Annaly Capital Management during the first quarter worth $70,000. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management News Summary

Here are the key news stories impacting Annaly Capital Management this week:

• Positive Sentiment: Annaly reported earnings available for distribution of $0.80 per share, exceeding its $0.75 quarterly dividend. Higher coupon income, disciplined expenses and strong residential credit funding supported the payout, which management reaffirmed as stable. NLY Q3 Earnings Call Highlights Dividend Stability and Market Risks
• Positive Sentiment: Third-quarter earnings beat expectations, while net interest income improved year over year. These results indicate that Annaly’s core mortgage-investment operations are still generating sufficient income despite a challenging financing environment. Annaly Q3 Earnings Beat Estimates, Net Interest Income Improves Y/Y
• Positive Sentiment: JPMorgan raised its price target to $19.50 and maintained an overweight rating, while JonesTrading kept a buy rating despite reducing its target to $21. These ratings suggest analysts continue to see potential value in the shares.
• Neutral Sentiment: Management emphasized attractive mortgage returns and disciplined capital deployment, but also highlighted market risks and pressure on book value. Annaly Capital Management Navigates Tough Quarter Confidently
• Negative Sentiment: Book value per share declined to $17.86, and Annaly posted a GAAP loss of about $1.36 per share. Higher funding costs and the book-value erosion are weighing on investor confidence even though the dividend remains covered. Annaly Stock Price Slides as Q3 Results Hit Book Value
• Negative Sentiment: RBC lowered its price target from $25 to $21, retaining an outperform rating, and a separate analyst downgrade contributed to recent weakness. The mixed recommendations reinforce concerns about valuation and future book-value performance. RBC Cuts Price Target on Annaly

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a diversified capital manager and mortgage real estate investment trust listed on the New York Stock Exchange under the symbol NLY. The company primarily invests in and manages residential mortgage-related assets, seeking to generate income through interest-rate spreads, financing, and portfolio management.

Annaly’s investment activities have historically focused on agency mortgage-backed securities, which are backed by federally sponsored entities or government agencies.