Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $11.80.
Several research analysts have recently issued reports on NLY shares. ValuEngine downgraded shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Annaly Capital Management in a report on Friday. Compass Point upgraded shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a report on Tuesday, February 13th. Finally, Bank of America upgraded shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st.
Shares of Annaly Capital Management (NLY) traded up $0.04 during trading hours on Wednesday, hitting $10.68. 7,590,001 shares of the stock traded hands, compared to its average volume of 10,326,118. The firm has a market capitalization of $12,380.00, a P/E ratio of 8.03, a PEG ratio of 1.97 and a beta of 0.05. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.27. Annaly Capital Management has a 52 week low of $10.03 and a 52 week high of $12.73.
Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $426.71 million during the quarter, compared to the consensus estimate of $370.80 million. Annaly Capital Management had a net margin of 72.18% and a return on equity of 12.00%. The company’s revenue for the quarter was down 31.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. sell-side analysts expect that Annaly Capital Management will post 1.24 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 11.24%. Annaly Capital Management’s dividend payout ratio is 90.23%.
In other Annaly Capital Management news, Chairman Wellington Denahan acquired 125,280 shares of Annaly Capital Management stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of $11.97 per share, with a total value of $1,499,601.60. Following the completion of the purchase, the chairman now directly owns 1,798,414 shares in the company, valued at approximately $21,527,015.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Glenn Votek acquired 25,000 shares of Annaly Capital Management stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average cost of $11.73 per share, for a total transaction of $293,250.00. The disclosure for this purchase can be found here. Insiders own 0.43% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. bought a new stake in shares of Annaly Capital Management in the third quarter worth $100,000. Barrett Asset Management LLC bought a new stake in Annaly Capital Management during the fourth quarter valued at $107,000. Advisory Services Network LLC boosted its position in Annaly Capital Management by 9.0% during the second quarter. Advisory Services Network LLC now owns 9,757 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 806 shares during the last quarter. Wellington Shields Capital Management LLC bought a new stake in Annaly Capital Management during the third quarter valued at $122,000. Finally, Staley Capital Advisers Inc. bought a new stake in Annaly Capital Management during the third quarter valued at $126,000. 57.10% of the stock is currently owned by institutional investors.
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About Annaly Capital Management
Annaly Capital Management, Inc is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. Its investment groups primarily consist of Agency, which invests primarily in various types of Agency mortgage-backed securities and related derivatives to hedge these investments; Residential credit, which invests primarily in non-Agency mortgage-backed assets within securitized products and residential mortgage loan markets; Commercial real estate, which originates and invests in commercial mortgage loans, securities, and other commercial real estate investments, and Middle market, which provides customized debt financing to middle-market businesses.
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