Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.44 Consensus PT from Brokerages

Shares of Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $21.44.

A number of analysts recently issued reports on the company. Barclays assumed coverage on Annaly Capital Management in a report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price target on Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd.

Hedge Funds Weigh In On Annaly Capital Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stratos Wealth Advisors LLC grew its position in Annaly Capital Management by 93.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 275,559 shares of the real estate investment trust's stock worth $5,043,000 after acquiring an additional 132,891 shares during the last quarter. Wellington Management Group LLP grew its position in Annaly Capital Management by 9.9% during the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock worth $10,780,000 after acquiring an additional 48,555 shares during the last quarter. Citigroup Inc. grew its position in Annaly Capital Management by 22.6% during the 3rd quarter. Citigroup Inc. now owns 652,255 shares of the real estate investment trust's stock worth $13,091,000 after acquiring an additional 120,163 shares during the last quarter. Howard Financial Services LTD. bought a new position in Annaly Capital Management during the 4th quarter worth approximately $527,000. Finally, Tandem Financial LLC bought a new position in Annaly Capital Management during the 4th quarter worth approximately $327,000. 51.56% of the stock is currently owned by institutional investors.

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Annaly Capital Management Stock Up 0.4 %

NLY traded up $0.09 during trading on Friday, reaching $21.93. 5,619,299 shares of the company were exchanged, compared to its average volume of 7,568,655. The company's 50-day moving average is $20.48 and its two-hundred day moving average is $19.97. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 4.89 and a beta of 1.53. Annaly Capital Management has a 12-month low of $17.67 and a 12-month high of $22.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings data 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%. Equities analysts forecast that Annaly Capital Management will post 2.81 earnings per share for the current year.

Annaly Capital Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 12.77%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. Annaly Capital Management's dividend payout ratio (DPR) is presently 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.