Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) has earned a consensus recommendation of "Hold" from the nine ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.67.
A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on Annaly Capital Management from $8.00 to $7.00 in a research report on Wednesday, April 27th. Keefe, Bruyette & Woods upgraded Annaly Capital Management from a "market perform" rating to an "outperform" rating and raised their price target for the company from $6.25 to $6.75 in a research report on Wednesday, June 8th. Credit Suisse Group lowered their price target on Annaly Capital Management to $6.50 in a research report on Friday, July 22nd. JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $7.50 to $6.50 and set an "overweight" rating on the stock in a research report on Monday, April 25th. Finally, Piper Sandler lowered their price target on Annaly Capital Management from $6.50 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 28th.
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Insider Buying and Selling
In other Annaly Capital Management news, CEO David L. Finkelstein bought 200,000 shares of the business's stock in a transaction that occurred on Friday, June 17th. The shares were bought at an average cost of $5.56 per share, with a total value of $1,112,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,669,013 shares of the company's stock, valued at $9,279,712.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by insiders.
Institutional Trading of Annaly Capital Management
Several large investors have recently bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $25,000. Hardy Reed LLC purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $27,000. Byrne Asset Management LLC purchased a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $31,000. CWM LLC purchased a new position in shares of Annaly Capital Management during the fourth quarter valued at approximately $31,000. Finally, SJS Investment Consulting Inc. purchased a new position in shares of Annaly Capital Management during the first quarter valued at approximately $30,000. 41.79% of the stock is owned by institutional investors.
Annaly Capital Management Stock Down 1.1 %
Shares of NYSE NLY opened at $6.55 on Monday. The company has a market capitalization of $10.64 billion, a PE ratio of 2.60, a PEG ratio of 1.20 and a beta of 1.16. The stock's 50 day moving average price is $6.30 and its 200-day moving average price is $6.74. Annaly Capital Management has a twelve month low of $5.45 and a twelve month high of $8.94.
Annaly Capital Management (NYSE:NLY – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. Annaly Capital Management had a return on equity of 16.72% and a net margin of 178.91%. The business had revenue of $475.14 million during the quarter, compared to analyst estimates of $399.39 million. During the same period in the prior year, the company earned $0.30 earnings per share. Annaly Capital Management's revenue was down 18.2% compared to the same quarter last year. As a group, research analysts expect that Annaly Capital Management will post 1.1 EPS for the current fiscal year.
Annaly Capital Management Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, June 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.88 annualized dividend and a dividend yield of 13.44%. Annaly Capital Management's dividend payout ratio is currently 34.92%.
Annaly Capital Management Company Profile
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Annaly Capital Management, Inc, a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments.
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