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

Shares of Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.33.

A number of analysts have issued reports on NLY shares. Argus raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 price objective for the company in a report on Thursday, October 31st. Compass Point increased their price target on Annaly Capital Management from $22.00 to $23.50 and gave the stock a "buy" rating in a research report on Friday, July 26th. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company upgraded Annaly Capital Management from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $19.00 to $23.00 in a research report on Friday, September 20th. Finally, StockNews.com cut shares of Annaly Capital Management from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th.

Insiders Place Their Bets

In other Annaly Capital Management news, CEO David L. Finkelstein sold 50,000 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $20.05, for a total transaction of $1,002,500.00. Following the sale, the chief executive officer now owns 612,469 shares of the company's stock, valued at approximately $12,280,003.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Natixis grew its position in Annaly Capital Management by 16,140.0% in the 1st quarter. Natixis now owns 68,208 shares of the real estate investment trust's stock worth $1,343,000 after purchasing an additional 67,788 shares in the last quarter. Clarity Financial LLC purchased a new stake in shares of Annaly Capital Management during the third quarter valued at approximately $6,687,000. Russell Investments Group Ltd. lifted its holdings in Annaly Capital Management by 27.3% during the first quarter. Russell Investments Group Ltd. now owns 169,043 shares of the real estate investment trust's stock worth $3,303,000 after acquiring an additional 36,269 shares during the period. PGGM Investments boosted its position in Annaly Capital Management by 152.0% in the second quarter. PGGM Investments now owns 428,406 shares of the real estate investment trust's stock worth $8,165,000 after purchasing an additional 258,388 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in Annaly Capital Management in the 2nd quarter valued at $478,000. Institutional investors and hedge funds own 51.56% of the company's stock.

Annaly Capital Management Price Performance

Shares of NYSE:NLY traded up $0.36 on Friday, hitting $19.83. The company had a trading volume of 8,655,087 shares, compared to its average volume of 5,803,067. The stock has a 50 day moving average price of $19.92 and a 200 day moving average price of $19.82. Annaly Capital Management has a 1-year low of $16.76 and a 1-year high of $21.11.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $212.00 million. During the same period in the previous year, the company posted $0.66 EPS. Equities analysts expect that Annaly Capital Management will post 2.65 earnings per share for the current year.

Annaly Capital Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 13.11%. The ex-dividend date was Monday, September 30th. Annaly Capital Management's 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.