Annaly Capital Management Inc (NYSE:NLY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Annaly Capital Management Inc (NYSE:NLY) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $22.8125.

A number of analysts have issued reports on NLY shares. Barclays set a $23.00 target price on Annaly Capital Management and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. BTIG Research raised Annaly Capital Management from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, January 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $25.00 price target (up from $23.50) on shares of Annaly Capital Management in a research report on Thursday.

Institutional Investors Weigh In On Annaly Capital Management

A number of large investors have recently modified their holdings of the stock. Financial Gravity Companies Inc. bought a new stake in shares of Annaly Capital Management during the second quarter valued at approximately $25,000. Delos Wealth Advisors LLC purchased a new position in Annaly Capital Management during the second quarter valued at $28,000. Evolution Wealth Management Inc. bought a new stake in Annaly Capital Management in the second quarter worth $29,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Annaly Capital Management in the 2nd quarter worth about $34,000. Finally, MCF Advisors LLC boosted its stake in Annaly Capital Management by 41.6% in the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares in the last quarter. Institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Stock Performance

Shares of NYSE:NLY opened at $23.98 on Friday. Annaly Capital Management has a 52-week low of $16.59 and a 52-week high of $23.93. The business’s 50 day simple moving average is $22.56 and its two-hundred day simple moving average is $21.39. The firm has a market cap of $16.38 billion, a P/E ratio of 11.10, a PEG ratio of 7.20 and a beta of 1.25.

Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $493.55 million. Annaly Capital Management had a net margin of 26.68% and a return on equity of 15.96%. On average, equities analysts forecast that Annaly Capital Management will post 2.81 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be given a $0.70 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 11.7%. Annaly Capital Management’s payout ratio is presently 129.63%.

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.