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

Shares of Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.44.

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

Annaly Capital Management Stock Down 0.4 %

Shares of Annaly Capital Management stock traded down $0.10 on Tuesday, reaching $21.64. The company's stock had a trading volume of 14,273,873 shares, compared to its average volume of 6,988,882. The company 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. The firm's fifty day simple moving average is $19.59 and its two-hundred day simple moving average is $19.78. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $21.88.

Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly 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%. As a group, research analysts predict 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. Stockholders of record on Tuesday, December 31st were issued a $0.65 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a dividend yield of 12.02%. Annaly Capital Management's dividend payout ratio (DPR) is 163.52%.

Institutional Investors Weigh In On Annaly Capital Management

Large investors have recently added to or reduced their stakes in the stock. PVG Asset Management Corp purchased a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $193,000. AlphaCore Capital LLC boosted its holdings in shares of Annaly Capital Management by 29.4% in the fourth quarter. AlphaCore Capital LLC now owns 18,992 shares of the real estate investment trust's stock valued at $360,000 after purchasing an additional 4,315 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Annaly Capital Management by 56.4% in the fourth quarter. Mackenzie Financial Corp now owns 127,358 shares of the real estate investment trust's stock valued at $2,331,000 after purchasing an additional 45,952 shares during the period. Jupiter Wealth Management LLC increased its position in shares of Annaly Capital Management by 3.4% during the fourth quarter. Jupiter Wealth Management LLC now owns 15,035 shares of the real estate investment trust's stock worth $275,000 after purchasing an additional 492 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Annaly Capital Management by 12.8% during the fourth quarter. Toronto Dominion Bank now owns 72,338 shares of the real estate investment trust's stock worth $1,324,000 after purchasing an additional 8,212 shares in the last quarter. 51.56% of the stock is owned by institutional investors.

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.