Annaly Capital Management Inc (NYSE:NLY – Get Free Report) reached a new 52-week low on Monday. The company traded as low as $17.75 and last traded at $17.8950, with a volume of 1,766,040 shares. The stock had previously closed at $18.23.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Annaly Capital Management from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Piper Sandler decreased their price objective on shares of Annaly Capital Management from $25.00 to $21.50 and set an “overweight” rating on the stock in a report on Friday, October 9th. BTIG Research set a $21.00 price objective on shares of Annaly Capital Management and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Annaly Capital Management in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price of $23.61.
Check Out Our Latest Analysis on Annaly Capital Management
Annaly Capital Management Stock Down 2.0%
The stock has a market cap of $13.47 billion, a PE ratio of 4.48, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The firm has a fifty day moving average of $21.31 and a 200 day moving average of $21.92.
Annaly Capital Management (NYSE:NLY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $639.80 million. On average, equities research analysts forecast that Annaly Capital Management Inc will post 3.09 EPS for the current fiscal year.
Annaly Capital Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.00 annualized dividend and a yield of 16.8%. Annaly Capital Management’s dividend payout ratio is currently 75.19%.
Hedge Funds Weigh In On Annaly Capital Management
A number of large investors have recently bought and sold shares of NLY. BlackRock Inc. boosted its holdings in shares of 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 in the last quarter. KBC Group NV raised its holdings in Annaly Capital Management by 44.2% during the first quarter. KBC Group NV now owns 4,976,006 shares of the real estate investment trust’s stock worth $105,243,000 after purchasing an additional 1,525,251 shares in the last quarter. State Street Corp raised its holdings in Annaly Capital Management by 4.5% during the second 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 in the last quarter. Amundi raised its holdings in Annaly Capital Management by 35.2% during the first 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 in the last quarter. Finally, First Trust Advisors LP lifted its position in Annaly Capital Management by 102.9% in the first quarter. First Trust Advisors LP now owns 1,377,674 shares of the real estate investment trust’s stock valued at $29,138,000 after purchasing an additional 698,643 shares during the period. Hedge funds and other institutional investors own 51.56% of the company’s stock.
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.
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