Annaly Capital Management, Inc. (NYSE:NLY) Given Consensus Rating of “Moderate Buy” by Brokerages

Annaly Capital Management, Inc. (NYSE:NLY) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.07.

NLY has been the subject of several research analyst reports. Janney Montgomery Scott initiated coverage on Annaly Capital Management in a report on Thursday, June 6th. They issued a “buy” rating and a $21.00 price objective for the company. StockNews.com raised shares of Annaly Capital Management from a “hold” rating to a “buy” rating in a report on Thursday. Jonestrading reissued a “buy” rating and set a $21.00 target price on shares of Annaly Capital Management in a report on Thursday, April 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.50 price objective on shares of Annaly Capital Management in a research report on Wednesday, March 27th. Finally, Compass Point started coverage on Annaly Capital Management in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 target price on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Royal London Asset Management Ltd. grew its stake in shares of Annaly Capital Management by 4.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 256,610 shares of the real estate investment trust’s stock worth $4,828,000 after purchasing an additional 10,404 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Annaly Capital Management by 10.1% during the 3rd quarter. Penserra Capital Management LLC now owns 44,094 shares of the real estate investment trust’s stock worth $829,000 after acquiring an additional 4,028 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Annaly Capital Management in the 3rd quarter worth $277,000. Neo Ivy Capital Management acquired a new stake in shares of Annaly Capital Management during the third quarter worth $747,000. Finally, Wellington Management Group LLP raised its position in shares of Annaly Capital Management by 1,801.9% during the third quarter. Wellington Management Group LLP now owns 803,555 shares of the real estate investment trust’s stock worth $15,115,000 after purchasing an additional 761,304 shares during the period. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

NYSE:NLY opened at $20.42 on Monday. Annaly Capital Management has a 1-year low of $14.52 and a 1-year high of $21.07. The firm has a 50-day moving average of $19.71 and a two-hundred day moving average of $19.35.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. Annaly Capital Management had a positive return on equity of 15.13% and a negative net margin of 8.38%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $320.00 million. During the same quarter last year, the firm earned $0.81 EPS. On average, research analysts expect that Annaly Capital Management will post 2.64 EPS for the current year.

Annaly Capital Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 12.73%. The ex-dividend date is Friday, June 28th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

About Annaly Capital Management

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.