Brokerages Set Annaly Capital Management Inc (NYSE:NLY) PT at $23.89

Shares of Annaly Capital Management Inc (NYSE:NLY) have been given an average rating of “Moderate Buy” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $23.8889.

NLY has been the topic of several analyst reports. Wall Street Zen cut shares of Annaly Capital Management from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Argus upgraded Annaly Capital Management to a “strong-buy” rating in a report on Thursday, February 5th. Royal Bank Of Canada lifted their target price on Annaly Capital Management from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Piper Sandler dropped their target price on Annaly Capital Management from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, JonesTrading increased their price target on Annaly Capital Management from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 29th.

Annaly Capital Management News Summary

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

• Positive Sentiment: Q1 EPS beat and solid profitability — Annaly reported $0.76 EPS vs. $0.74 consensus (a ~3% beat); management disclosed a 34.0% net margin and 15.8% ROE, which supports cash generation and dividend coverage. Read More.
• Positive Sentiment: Company released formal results and investor materials (press release and slide deck), giving investors detail to analyze net interest income drivers, hedging and portfolio positioning. Read More.
• Neutral Sentiment: Revenue came in below expectations (reported ~8.4% revenue surprise negative), a sign to watch for whether net interest income or portfolio dynamics drove the decline; investors will focus on commentary in the slide deck/call for persistence of that pressure. Read More.
• Neutral Sentiment: Street expectations remain in place for full‑year earnings (consensus estimates to monitor); today’s beat narrows near‑term downside but guidance and rate outlook will matter more for forward NII. Read More.
• Negative Sentiment: Market reaction was muted-to-negative — shares moved down on the print and volume was above average, suggesting some investors are concerned the EPS beat wasn’t enough to offset the revenue decline or rate/hedge uncertainties. Read More.
• Negative Sentiment: Macro and interest-rate sensitivity remain a risk for mortgage REIT earnings and book value; prior earnings-call commentary stressed macro uncertainty, which can pressure NLY’s future earnings and valuation if rates or spreads move unfavorably. Read More.

Insider Activity at Annaly Capital Management

In related news, COO Steven Francis Campbell sold 26,491 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total transaction of $604,789.53. Following the transaction, the chief operating officer directly owned 178,000 shares in the company, valued at approximately $4,063,740. The trade was a 12.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Serena Wolfe sold 16,536 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the sale, the chief financial officer directly owned 173,081 shares in the company, valued at $4,005,094.34. This trade represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 71,252 shares of company stock valued at $1,639,995. 0.22% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Annaly Capital Management in the 4th quarter valued at about $162,477,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Annaly Capital Management by 394.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,374,696 shares of the real estate investment trust’s stock worth $108,623,000 after buying an additional 4,286,893 shares during the last quarter. Vanguard Group Inc. increased its position in Annaly Capital Management by 5.0% during 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 buying an additional 3,024,564 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Annaly Capital Management in the fourth quarter valued at approximately $63,699,000. Finally, Goldman Sachs Group Inc. raised its stake in Annaly Capital Management by 833.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,920,617 shares of the real estate investment trust’s stock valued at $59,318,000 after buying an additional 2,607,784 shares during the period. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Down 0.2%

NYSE NLY opened at $22.61 on Friday. The firm’s 50 day moving average is $22.23 and its 200-day moving average is $22.30. The company has a market capitalization of $16.24 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 7.04 and a beta of 1.23. Annaly Capital Management has a 12-month low of $17.76 and a 12-month high of $24.52.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Tuesday, April 21st. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $341.56 million during the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a net margin of 34.02% and a return on equity of 15.80%. As a group, sell-side analysts expect that Annaly Capital Management will post 2.93 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Annaly Capital Management’s dividend payout ratio is presently 100.72%.

About Annaly Capital Management

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.