Shares of Annaly Capital Management, Inc. (NYSE:NLY – Get Rating) have been given a consensus recommendation of "Hold" by the nine analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $26.67.
Several brokerages have recently commented on NLY. Piper Sandler reduced their price objective on Annaly Capital Management from $26.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 28th. Keefe, Bruyette & Woods upgraded Annaly Capital Management from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, June 8th. Finally, Credit Suisse Group reduced their price objective on Annaly Capital Management to $26.00 in a research report on Friday, July 22nd.
Get Annaly Capital Management alerts:Hedge Funds Weigh In On Annaly Capital Management
Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in Annaly Capital Management in the 4th quarter worth approximately $6,284,000. Invesco Ltd. lifted its holdings in Annaly Capital Management by 2.8% in the 4th quarter. Invesco Ltd. now owns 3,629,541 shares of the real estate investment trust's stock worth $28,382,000 after buying an additional 98,294 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Annaly Capital Management by 12.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 61,118 shares of the real estate investment trust's stock worth $477,000 after buying an additional 6,552 shares during the period. ETF Managers Group LLC lifted its holdings in Annaly Capital Management by 5.0% in the 4th quarter. ETF Managers Group LLC now owns 80,810 shares of the real estate investment trust's stock worth $642,000 after buying an additional 3,846 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Annaly Capital Management by 127.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,428,284 shares of the real estate investment trust's stock worth $58,089,000 after buying an additional 4,156,132 shares during the period. 45.99% of the stock is currently owned by institutional investors.
Annaly Capital Management Stock Up 264.6 %
Shares of NYSE NLY opened at $20.60 on Tuesday. The firm has a market capitalization of $33.46 billion, a P/E ratio of 8.17, a P/E/G ratio of 1.05 and a beta of 1.16. The stock's 50-day simple moving average is $25.91 and its two-hundred day simple moving average is $26.07. Annaly Capital Management has a twelve month low of $20.30 and a twelve month high of $35.76.Annaly Capital Management (NYSE:NLY – Get Rating) last announced its earnings results on Wednesday, July 27th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.20. The business had revenue of $475.14 million for the quarter, compared to analyst estimates of $399.39 million. Annaly Capital Management had a return on equity of 16.72% and a net margin of 178.91%. The company's quarterly revenue was down 18.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. As a group, research analysts anticipate that Annaly Capital Management will post 1.08 EPS for the current fiscal year.
Annaly Capital Management Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 17.09%. This is a positive change from Annaly Capital Management's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, September 29th. Annaly Capital Management's dividend payout ratio (DPR) is presently 34.92%.
About Annaly Capital Management
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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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