Annaly Capital Management (NYSE:NLY - Free Report) had its price objective increased by JPMorgan Chase & Co. from $19.00 to $21.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust's stock.
Other equities research analysts have also issued reports about the stock. Argus raised shares of Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a report on Thursday, October 31st. Barclays started coverage on shares of Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 price objective on the stock. Royal Bank of Canada upped their target price on shares of Annaly Capital Management from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Monday, January 27th. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Annaly Capital Management currently has a consensus rating of "Moderate Buy" and an average target price of $21.44.
Check Out Our Latest Stock Report on Annaly Capital Management
Annaly Capital Management Stock Performance
Shares of NLY traded up $0.27 during trading hours on Friday, hitting $20.48. The stock had a trading volume of 4,330,277 shares, compared to its average volume of 6,667,151. The stock has a fifty day moving average price of $19.29 and a 200 day moving average price of $19.69. Annaly Capital Management has a 12 month low of $17.67 and a 12 month high of $21.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.12 and a quick ratio of 0.08. The firm has a market capitalization of $11.48 billion, a PE ratio of 12.88 and a beta of 1.52.
Annaly Capital Management (NYSE:NLY - Get Free Report) last announced its earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 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%. Analysts anticipate that Annaly Capital Management will post 2.72 EPS for the current year.
Annaly Capital Management Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.65 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.60 annualized dividend and a yield of 12.69%. Annaly Capital Management's dividend payout ratio is currently 163.52%.
Hedge Funds Weigh In On Annaly Capital Management
A number of large investors have recently bought and sold shares of the business. Avior Wealth Management LLC grew its stake in Annaly Capital Management by 209.9% in the third quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 850 shares during the last quarter. UMB Bank n.a. increased its stake in Annaly Capital Management by 70.2% during 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 in the last quarter. Blue Trust Inc. raised its holdings in shares of Annaly Capital Management by 78.5% in the fourth quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after buying an additional 717 shares during the last quarter. Quarry LP acquired a new stake in shares of Annaly Capital Management during the second quarter worth $36,000. Finally, Toth Financial Advisory Corp grew its stake in Annaly Capital Management by 31.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company's stock.
Annaly Capital Management Company Profile
(
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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