Shares of Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $21.19 and last traded at $21.22, with a volume of 893369 shares traded. The stock had previously closed at $20.93.
Wall Street Analysts Forecast Growth
NLY has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Annaly Capital Management from $19.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $22.00 price target on shares of Annaly Capital Management in a research report on Monday, February 10th. Argus upgraded Annaly Capital Management from a "hold" rating to a "buy" rating and set a $21.00 target price for the company in a research report on Thursday, October 31st. Barclays assumed coverage on Annaly Capital Management in a research report on Monday, January 6th. They set an "equal weight" rating and a $19.00 target price for the company. Finally, JMP Securities restated a "market perform" rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Annaly Capital Management currently has an average rating of "Moderate Buy" and a consensus target price of $21.44.
View Our Latest Stock Analysis on Annaly Capital Management
Annaly Capital Management Price Performance
The company has a market capitalization of $12.46 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 4.78 and a beta of 1.52. The firm's fifty day simple moving average is $19.52 and its 200 day simple moving average is $19.76.
Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Annaly Capital Management had a net margin of 20.70% and a return on equity of 14.95%. On average, equities research analysts anticipate that Annaly Capital Management, Inc. will post 2.81 EPS for the current fiscal year.
Annaly Capital Management Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 12.07%. The ex-dividend date was Tuesday, December 31st. Annaly Capital Management's payout ratio is 163.52%.
Institutional Investors Weigh In On Annaly Capital Management
Several hedge funds have recently modified their holdings of NLY. Avior Wealth Management LLC boosted its stake in shares of Annaly Capital Management by 209.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,255 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 850 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth about $31,000. Blue Trust Inc. boosted its stake in shares of Annaly Capital Management by 78.5% during the 4th quarter. Blue Trust Inc. now owns 1,630 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 717 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Annaly Capital Management by 34.4% during the 4th quarter. Larson Financial Group LLC now owns 2,143 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 549 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Annaly Capital Management during the 4th quarter worth about $39,000. 51.56% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
Before you consider Annaly Capital Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Annaly Capital Management wasn't on the list.
While Annaly Capital Management currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
