ValuEngine downgraded shares of Annaly Capital Management Inc (NYSE:NLY) from a strong-buy rating to a buy rating in a report issued on Thursday, October 26th.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Annaly Capital Management from a hold rating to a buy rating and set a $14.00 price objective for the company in a research note on Friday, October 6th. BidaskClub lowered shares of Annaly Capital Management from a strong-buy rating to a buy rating in a report on Monday, July 24th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $11.25 price target on shares of Annaly Capital Management in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Annaly Capital Management has an average rating of Hold and an average price target of $11.77.
Annaly Capital Management (NLY) traded up $0.14 during trading on Thursday, hitting $11.38. 9,061,000 shares of the stock traded hands, compared to its average volume of 8,527,866. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management has a 1 year low of $9.83 and a 1 year high of $12.73. The company has a market capitalization of $13,260.00, a P/E ratio of 9.29, a PEG ratio of 2.15 and a beta of 0.23.
Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $353.61 million during the quarter, compared to the consensus estimate of $361.67 million. Annaly Capital Management had a net margin of 104.56% and a return on equity of 11.59%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. research analysts expect that Annaly Capital Management will post 1.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date of this dividend was Thursday, September 28th. Annaly Capital Management’s dividend payout ratio (DPR) is presently 48.00%.
In other Annaly Capital Management news, CEO Kevin Keyes purchased 300,000 shares of the stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $11.12 per share, with a total value of $3,336,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donnell Segalas acquired 9,800 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was purchased at an average price of $11.34 per share, with a total value of $111,132.00. Following the transaction, the director now owns 102,450 shares of the company’s stock, valued at approximately $1,161,783. The disclosure for this purchase can be found here. Insiders have bought 423,300 shares of company stock worth $4,862,047 over the last three months. Corporate insiders own 0.43% of the company’s stock.
Institutional investors have recently modified their holdings of the business. North Star Investment Management Corp. raised its position in shares of Annaly Capital Management by 12.5% in the second quarter. North Star Investment Management Corp. now owns 9,235 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,028 shares during the period. MCF Advisors LLC raised its position in shares of Annaly Capital Management by 2,903.2% in the second quarter. MCF Advisors LLC now owns 9,310 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 9,000 shares during the period. Balentine LLC acquired a new position in shares of Annaly Capital Management in the second quarter worth about $114,000. Advisory Services Network LLC raised its position in shares of Annaly Capital Management by 9.0% during the 2nd quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 806 shares during the last quarter. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of Annaly Capital Management during the 3rd quarter worth about $122,000. Institutional investors and hedge funds own 49.33% of the company’s stock.
Annaly Capital Management Company Profile
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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