Brokerages Set Annaly Capital Management, Inc. (NYSE:NLY) Target Price at $21.44

Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.44.

A number of brokerages have commented on NLY. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Barclays started coverage on shares of Annaly Capital Management in a research note on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price for the company. Finally, Argus raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price target on the stock in a research note on Thursday, October 31st.

Institutional Trading of Annaly Capital Management

A number of hedge funds have recently made changes to their positions in the business. Jupiter Wealth Management LLC raised its stake in Annaly Capital Management by 3.4% in the 4th quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock valued at $275,000 after acquiring an additional 492 shares during the period. Proffitt & Goodson Inc. increased its holdings in shares of Annaly Capital Management by 1.0% in the fourth quarter. Proffitt & Goodson Inc. now owns 53,040 shares of the real estate investment trust's stock valued at $971,000 after purchasing an additional 505 shares during the last quarter. Cannell & Spears LLC raised its position in shares of Annaly Capital Management by 1.3% in the fourth quarter. Cannell & Spears LLC now owns 41,268 shares of the real estate investment trust's stock valued at $755,000 after purchasing an additional 518 shares during the period. LVZ Inc. lifted its stake in shares of Annaly Capital Management by 2.7% during the 4th quarter. LVZ Inc. now owns 19,632 shares of the real estate investment trust's stock worth $359,000 after buying an additional 521 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Annaly Capital Management by 29.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,425 shares of the real estate investment trust's stock worth $45,000 after buying an additional 549 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Shares of NLY traded down $0.10 during trading hours on Tuesday, reaching $21.64. 14,278,179 shares of the company's stock traded hands, compared to its average volume of 6,993,048. Annaly Capital Management has a twelve month low of $17.67 and a twelve month high of $21.88. The business's fifty day simple moving average is $19.59 and its two-hundred day simple moving average is $19.78. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 4.85 and a beta of 1.52.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.05. Annaly Capital Management had a return on equity of 14.95% and a net margin of 20.70%. On average, equities research analysts expect that Annaly Capital Management will post 2.81 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.65 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.02%. Annaly Capital Management's dividend payout ratio (DPR) is currently 163.52%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage loans; and agency or private label credit risk transfer securities.