Annaly Capital Management (NYSE:NLY – Free Report) had its price target lowered by Piper Sandler from $25.00 to $21.50 in a report published on Friday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price target on Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Annaly Capital Management in a report on Tuesday, October 6th. 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. Wells Fargo & Company lowered their price objective on Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Finally, Zacks Research lowered shares of Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.61.
Check Out Our Latest Analysis on NLY
Annaly Capital Management Stock Up 0.1%
Annaly Capital Management (NYSE:NLY – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. On average, research analysts anticipate that Annaly Capital Management will post 3.09 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. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Wednesday, September 30th. Annaly Capital Management’s payout ratio is 75.19%.
Institutional Trading of Annaly Capital Management
Institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Annaly Capital Management by 6.7% in the second quarter. BlackRock Inc. now owns 87,219,586 shares of the real estate investment trust’s stock valued at $1,950,230,000 after acquiring an additional 5,485,296 shares during the last quarter. KBC Group NV increased its position in Annaly Capital Management by 44.2% during the 1st quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock valued at $105,243,000 after purchasing an additional 1,525,251 shares during the period. State Street Corp raised its holdings in Annaly Capital Management by 4.5% during the 2nd quarter. State Street Corp now owns 29,426,379 shares of the real estate investment trust’s stock worth $679,468,000 after purchasing an additional 1,272,235 shares during the last quarter. Amundi raised its holdings in Annaly Capital Management by 35.2% during the 1st quarter. Amundi now owns 3,361,211 shares of the real estate investment trust’s stock worth $71,090,000 after purchasing an additional 875,331 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Annaly Capital Management by 102.9% in the 1st quarter. First Trust Advisors LP now owns 1,377,674 shares of the real estate investment trust’s stock worth $29,138,000 after purchasing an additional 698,643 shares during the period. Institutional investors own 51.56% of the company’s stock.
About Annaly Capital Management
Annaly Capital Management, Inc is a real estate investment trust that invests in and manages a portfolio of mortgage-related assets. The company’s primary business is focused on generating income from investments in agency mortgage-backed securities, which are guaranteed by a U.S. government-sponsored enterprise or government agency.
In addition to agency securities, Annaly invests in residential credit assets, including non-agency mortgage-backed securities and other residential loans.
Read More
- Five stocks we like better than Annaly Capital Management
- 3 Stocks Chopped in Half: Why These Drops May Be Structural, Not a Dip
- Home Depot and Lowe’s Hit 52-Week Lows—But Analysts Aren’t Giving Up
- Utilities Are Bouncing Back—These 2 Giants Could Signal the Next Big Sector Rally
- Q3 Earnings Could Blow Past Consensus—Be Ready for What Comes Next
Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.
