Annaly Capital Management, Inc. (NYSE:NLY) Receives Medium Analyst Rating of “Hold”
Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) received a consensus “Hold” recommendation from the eight research firms that currently cover the company, Marketbeat reports. Four equity research analysts rated the stock with a hold rating and two issued a buy rating on the company. The average 1-year price target among brokerages that updated their coverage on the stock in the last year is $6.90.
NLY has been the subject of a number of research reports. JPMorgan Chase & Co. lowered its price target on Annaly Capital Management shares from $7.50 to $6.50 and set an “overweight” rating on the stock in a Monday 25 research note. april. Piper Sandler cut her price target on Annaly Capital Management shares from $8.00 to $7.00 and set a “neutral” rating on the stock in a Tuesday, April 5 research note. Keefe, Bruyette & Woods upgraded Annaly Capital Management shares from a “market performer” rating to an “outperformer” rating and raised their price target for the company from $6.25 to 6, $75 in a research note from Wednesday, June 8. Barclays lowered its price target on shares of Annaly Capital Management from $8.00 to $7.00 in a Wednesday, April 27 research report. Finally, StockNews.com launched coverage on Annaly Capital Management stocks in a research report on Thursday, March 31. They have set a “holding” rating on the stock.
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NLY shares opened at $5.71 on Friday. Annaly Capital Management has a 52-week low of $5.45 and a 52-week high of $9.27. The stock has a market capitalization of $8.34 billion, a price/earnings ratio of 3.28, a PEG ratio of 1.12 and a beta of 1.14. The company’s 50-day moving average is $6.50 and its 200-day moving average is $7.20.
Annaly Capital Management (NYSE:NLY – Get Rating) last announced its quarterly results on Wednesday, April 27. The real estate investment trust reported EPS of $0.28 for the quarter, beating consensus analyst estimates of $0.25 by $0.03. Annaly Capital Management posted a net margin of 141.90% and a return on equity of 15.45%. During the same period last year, the company posted EPS of $0.29. As a group, research analysts expect Annaly Capital Management to post EPS of 0.98 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29. Investors of record on Thursday, June 30 will receive a dividend of $0.22 per share. The ex-dividend date is Wednesday, June 29. This represents an annualized dividend of $0.88 and a dividend yield of 15.41%. Annaly Capital Management’s dividend payout ratio is 50.57%.
In other news, CEO David L. Finkelstein bought 200,000 shares of Annaly Capital Management in a deal that took place on Friday, June 17. The shares were acquired at an average price of $5.56 per share, for a total transaction of $1,112,000.00. As a result of the transaction, the CEO now owns 1,669,013 shares of the company, valued at approximately $9,279,712.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders of the company own 0.31% of the shares of the company.
Hedge funds and other institutional investors have recently been buying and selling stocks. TAP Consulting LLC acquired a new stake in shares of Annaly Capital Management during the 4th quarter for a value of approximately $25,000. Riverview Trust Co bought a new position in Annaly Capital Management in Q1 worth around $25,000. Hardy Reed LLC bought a new position in Annaly Capital Management in Q1 worth around $27,000. SJS Investment Consulting Inc. bought a new position in Annaly Capital Management in Q1 worth around $30,000. Finally, Marshall Wace LLP bought a new position in Annaly Capital Management in Q1 worth around $30,000. Institutional investors and hedge funds hold 41.79% of the company’s shares.
Annaly Capital Management Company Profile (Get a rating)
Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage financing and middle market business lending. The Company invests in agency mortgage-backed securities, mortgage servicing rights, agency commercial mortgage-backed securities, non-agency residential mortgage assets, residential mortgages, transfer securities credit risk, corporate debt and other commercial real estate investments.
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