Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.33 Average Price Target from Analysts

Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) has received an average rating of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.33.

NLY has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Annaly Capital Management from $22.00 to $21.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company raised Annaly Capital Management from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $19.00 to $23.00 in a report on Friday, September 20th. JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research note on Wednesday, August 28th. Finally, Argus raised Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a research report on Thursday, October 31st.

Institutional Trading of Annaly Capital Management

Several large investors have recently added to or reduced their stakes in NLY. Avior Wealth Management LLC boosted its holdings in shares of Annaly Capital Management by 209.9% in the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 850 shares in the last quarter. UMB Bank n.a. raised its position in Annaly Capital Management by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 1,568 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 647 shares during the last quarter. Quarry LP acquired a new position in Annaly Capital Management in the second quarter worth $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of Annaly Capital Management by 107.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,077 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Toth Financial Advisory Corp increased its stake in shares of Annaly Capital Management by 31.8% in the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 576 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

Annaly Capital Management Stock Performance

Shares of NLY traded down $0.02 during mid-day trading on Thursday, hitting $19.61. The company's stock had a trading volume of 3,545,599 shares, compared to its average volume of 4,287,802. The stock's 50-day moving average is $19.68 and its two-hundred day moving average is $19.84. The firm has a market capitalization of $10.99 billion, a PE ratio of -280.50 and a beta of 1.51. Annaly Capital Management has a one year low of $17.67 and a one year high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). Annaly Capital Management had a net margin of 2.59% and a return on equity of 14.75%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $212.00 million. During the same period last year, the company earned $0.66 earnings per share. Analysts expect that Annaly Capital Management will post 2.65 EPS for the current fiscal year.

Annaly Capital Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 13.26%. Annaly Capital Management's dividend payout ratio is presently -3,714.29%.

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.