Annaly Capital Management, Inc. (NYSE:NLY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.50.

A number of research firms have recently commented on NLY. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, December 9th. 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 note on Thursday, October 31st. Finally, Wells Fargo & Company upgraded shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $19.00 to $23.00 in a research note on Friday, September 20th.

Annaly Capital Management Trading Down 1.2 %

NLY stock traded down $0.23 during mid-day trading on Monday, hitting $18.71. The stock had a trading volume of 8,613,753 shares, compared to its average volume of 4,518,084. The firm has a fifty day simple moving average of $19.51 and a 200 day simple moving average of $19.81. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $21.11. The firm has a market capitalization of $10.49 billion, a P/E ratio of -267.29 and a beta of 1.51.

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

Annaly Capital Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.90%. Annaly Capital Management's dividend payout ratio (DPR) is presently -3,714.29%.

Institutional Trading of Annaly Capital Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NLY. JPMorgan Chase & Co. grew its holdings in Annaly Capital Management by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,057,037 shares of the real estate investment trust's stock worth $61,355,000 after acquiring an additional 541,869 shares during the period. Franklin Resources Inc. grew its stake in Annaly Capital Management by 16.2% during the third quarter. Franklin Resources Inc. now owns 92,039 shares of the real estate investment trust's stock worth $1,820,000 after purchasing an additional 12,809 shares during the period. Tidal Investments LLC increased its holdings in Annaly Capital Management by 11.7% in the third quarter. Tidal Investments LLC now owns 13,204 shares of the real estate investment trust's stock worth $265,000 after purchasing an additional 1,385 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Annaly Capital Management in the third quarter valued at approximately $114,000. Finally, Virtu Financial LLC acquired a new stake in shares of Annaly Capital Management during the 3rd quarter worth approximately $879,000. Institutional investors and hedge funds own 51.56% of the company's stock.

About Annaly Capital Management

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.