Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday after Keefe, Bruyette & Woods lowered their price target on the stock from $21.00 to $20.15. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Annaly Capital Management traded as low as $17.08 and last traded at $17.19, with a volume of 2564086 shares. The stock had previously closed at $17.85.
Other equities research analysts have also issued reports about the stock. JMP Securities reaffirmed a "market perform" rating on shares of Annaly Capital Management in a report on Thursday, January 23rd. Barclays started coverage on Annaly Capital Management in a report on Monday, January 6th. They issued an "equal weight" rating and a $19.00 price target for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 target price on shares of Annaly Capital Management in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised their price target on shares of Annaly Capital Management from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.29.
Read Our Latest Stock Report on NLY
Institutional Trading of Annaly Capital Management
A number of institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC increased its stake in Annaly Capital Management by 15.0% during the 3rd quarter. HighTower Advisors LLC now owns 69,879 shares of the real estate investment trust's stock worth $1,400,000 after buying an additional 9,141 shares in the last quarter. Wellington Management Group LLP raised its stake in Annaly Capital Management by 9.9% in the 3rd quarter. Wellington Management Group LLP now owns 537,125 shares of the real estate investment trust's stock valued at $10,780,000 after purchasing an additional 48,555 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Annaly Capital Management by 0.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 162,092 shares of the real estate investment trust's stock valued at $3,253,000 after purchasing an additional 829 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Annaly Capital Management by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 8,638,216 shares of the real estate investment trust's stock valued at $172,988,000 after purchasing an additional 241,465 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Annaly Capital Management by 30.6% in the third quarter. Toronto Dominion Bank now owns 64,126 shares of the real estate investment trust's stock valued at $1,287,000 after buying an additional 15,037 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.
Annaly Capital Management Price Performance
The stock has a market capitalization of $10.55 billion, a PE ratio of 11.10, a P/E/G ratio of 4.89 and a beta of 1.31. The company's 50 day moving average price is $20.74 and its two-hundred day moving average price is $19.91.
Annaly Capital Management (NYSE:NLY - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.72 earnings per share 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%. Analysts forecast that Annaly Capital Management, Inc. will post 2.81 earnings per share for the current year.
Annaly Capital Management Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.70 dividend. This is a boost from Annaly Capital Management's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.80 annualized dividend and a dividend yield of 15.86%. Annaly Capital Management's dividend payout ratio is 176.10%.
About Annaly Capital Management
(
Get Free Report)
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.
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