TheStreet cut shares of ANNALY Cap Mgmt/SH (NYSE:NLY) from a b rating to a c+ rating in a report released on Thursday morning.
Several other research firms have also recently issued reports on NLY. Zacks Investment Research upgraded shares of ANNALY Cap Mgmt/SH from a hold rating to a buy rating and set a $12.00 target price for the company in a research note on Tuesday, August 21st. Barclays set a $11.00 target price on shares of ANNALY Cap Mgmt/SH and gave the company a hold rating in a research note on Tuesday, September 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ANNALY Cap Mgmt/SH from $10.00 to $10.50 and gave the company a $10.45 rating in a research note on Monday, July 23rd. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. ANNALY Cap Mgmt/SH has a consensus rating of Hold and a consensus price target of $10.88.
NYSE NLY traded down $0.03 on Thursday, hitting $9.86. 13,731,669 shares of the company’s stock traded hands, compared to its average volume of 9,700,997. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.23. ANNALY Cap Mgmt/SH has a 1-year low of $9.81 and a 1-year high of $12.40. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 8.08 and a beta of 0.08.
ANNALY Cap Mgmt/SH (NYSE:NLY) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. ANNALY Cap Mgmt/SH had a net margin of 112.29% and a return on equity of 12.10%. The firm had revenue of $334.11 million during the quarter, compared to analysts’ expectations of $330.95 million. During the same period in the previous year, the business posted $0.30 EPS. Analysts forecast that ANNALY Cap Mgmt/SH will post 1.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, September 28th will be paid a $0.078 dividend. This represents a $0.31 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, September 27th. ANNALY Cap Mgmt/SH’s dividend payout ratio is currently 98.36%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mycio Wealth Partners LLC acquired a new position in shares of ANNALY Cap Mgmt/SH in the 2nd quarter valued at $103,000. FormulaFolio Investments LLC purchased a new stake in ANNALY Cap Mgmt/SH in the 2nd quarter worth $107,000. O Dell Group LLC purchased a new stake in ANNALY Cap Mgmt/SH in the 2nd quarter worth $107,000. Campbell & CO Investment Adviser LLC purchased a new stake in ANNALY Cap Mgmt/SH in the 2nd quarter worth $116,000. Finally, Qube Research & Technologies Ltd purchased a new stake in ANNALY Cap Mgmt/SH in the 2nd quarter worth $129,000. Hedge funds and other institutional investors own 51.31% of the company’s stock.
ANNALY Cap Mgmt/SH Company Profile
Annaly Capital Management, Inc, a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments.
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