Annaly Capital Management, Inc. (NYSE:NLY) Receives $21.07 Consensus PT from Brokerages

Annaly Capital Management, Inc. (NYSE:NLY) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.07.

A number of analysts have commented on the stock. Jonestrading reiterated a “buy” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Thursday. Compass Point assumed coverage on shares of Annaly Capital Management in a research report on Tuesday, April 2nd. They set a “buy” rating and a $22.00 price objective for the company. JMP Securities restated a “market perform” rating on shares of Annaly Capital Management in a research note on Thursday, April 18th. StockNews.com upgraded shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 27th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $21.50 price target on shares of Annaly Capital Management in a research note on Wednesday, March 27th.

Annaly Capital Management Trading Up 1.0 %

NLY stock opened at $18.88 on Wednesday. The company’s 50-day simple moving average is $19.11 and its 200-day simple moving average is $18.62. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.40. Annaly Capital Management has a 52-week low of $14.52 and a 52-week high of $21.07. The firm has a market cap of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54.

Annaly Capital Management (NYSE:NLY) last issued its quarterly earnings results 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. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a negative net margin of 8.38% and a positive return on equity of 15.20%. During the same period last year, the company posted $0.81 EPS. As a group, equities analysts forecast that Annaly Capital Management will post 2.57 EPS for the current fiscal year.

Annaly Capital Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 13.77%. The ex-dividend date of this dividend is Wednesday, March 27th. Annaly Capital Management’s dividend payout ratio is presently -268.04%.

Insider Buying and Selling

In related news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the transaction, the chief executive officer now owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Annaly Capital Management

Hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its holdings in Annaly Capital Management by 6.0% during 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. Family Asset Management LLC grew its holdings in Annaly Capital Management by 2.7% during the 4th quarter. Family Asset Management LLC now owns 22,961 shares of the real estate investment trust’s stock worth $445,000 after acquiring an additional 596 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Annaly Capital Management by 6.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,519 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 704 shares in the last quarter. Private Trust Co. NA grew its holdings in Annaly Capital Management by 7.0% during the 3rd quarter. Private Trust Co. NA now owns 10,876 shares of the real estate investment trust’s stock worth $205,000 after acquiring an additional 709 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Annaly Capital Management by 1.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 69,997 shares of the real estate investment trust’s stock worth $1,310,000 after acquiring an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

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.