Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.38 Consensus Target Price from Analysts

Annaly Capital Management, Inc. (NYSE:NLY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $21.38.

Several brokerages have recently weighed in on NLY. Compass Point increased their price objective on shares of Annaly Capital Management from $22.00 to $23.50 and gave the stock a "buy" rating in a report on Friday, July 26th. JMP Securities reiterated a "market perform" rating on shares of Annaly Capital Management in a report on Wednesday, August 28th. Wells Fargo & Company raised shares of Annaly Capital Management from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $19.00 to $23.00 in a research note on Friday, September 20th. StockNews.com lowered Annaly Capital Management from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on Annaly Capital Management from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, July 16th.

Annaly Capital Management Stock Up 1.0 %

Shares of NLY traded up $0.20 on Wednesday, hitting $20.17. 3,650,267 shares of the stock traded hands, compared to its average volume of 4,028,923. The firm has a market capitalization of $10.09 billion, a P/E ratio of -20.79 and a beta of 1.51. Annaly Capital Management has a 1 year low of $14.52 and a 1 year high of $21.11. The stock's 50 day moving average is $20.10 and its two-hundred day moving average is $19.72.

Annaly Capital Management (NYSE:NLY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. Annaly Capital Management had a positive return on equity of 15.24% and a negative net margin of 12.02%. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $318.00 million. During the same quarter last year, the firm earned $0.72 earnings per share. Research analysts forecast that Annaly Capital Management will post 2.66 EPS for the current year.

Annaly Capital Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 12.89%. The ex-dividend date of this dividend is Monday, September 30th. Annaly Capital Management's payout ratio is -268.04%.

Insider Activity

In other 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 value of $1,002,500.00. Following the completion of the transaction, the chief executive officer now directly owns 612,469 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Annaly Capital Management

A number of institutional investors have recently made changes to their positions in NLY. Beaird Harris Wealth Management LLC increased its stake in shares of Annaly Capital Management by 21.4% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,837 shares of the real estate investment trust's stock worth $56,000 after buying an additional 500 shares during the last quarter. Redmont Wealth Advisors LLC increased its position in shares of Annaly Capital Management by 20.6% in the 2nd quarter. Redmont Wealth Advisors LLC now owns 3,279 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 559 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Annaly Capital Management by 6.0% in the 1st quarter. Sunbelt Securities Inc. now owns 9,937 shares of the real estate investment trust's stock valued at $196,000 after purchasing an additional 562 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of Annaly Capital Management by 2.8% during the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust's stock worth $428,000 after purchasing an additional 584 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Annaly Capital Management by 3.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,537 shares of the real estate investment trust's stock worth $391,000 after purchasing an additional 597 shares in the last quarter. 51.56% of the stock is owned by institutional investors and hedge funds.

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.