Annaly Capital Management, Inc. (NLY) Receives $11.62 Average Price Target from Brokerages

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.80.

NLY has been the topic of a number of recent analyst reports. ValuEngine cut shares of Annaly Capital Management from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. Bank of America upgraded shares of Annaly Capital Management from an “underperform” rating to a “neutral” rating in a report on Thursday, February 1st. Compass Point upgraded shares of Annaly Capital Management from a “sell” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research cut shares of Annaly Capital Management from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Annaly Capital Management in a report on Friday.

Annaly Capital Management (NYSE:NLY) traded up $0.04 during trading hours on Wednesday, hitting $10.68. 7,604,404 shares of the stock were exchanged, compared to its average volume of 11,399,638. Annaly Capital Management has a twelve month low of $10.03 and a twelve month high of $12.73. The company has a market cap of $12,337.98, a PE ratio of 8.03, a P/E/G 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 (NYSE:NLY) last released its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Annaly Capital Management had a net margin of 72.18% and a return on equity of 12.00%. The business had revenue of $426.71 million for the quarter, compared to analysts’ expectations of $370.80 million. During the same period last year, the business earned $0.30 EPS. The company’s revenue was down 31.6% compared to the same quarter last year. equities analysts expect that Annaly Capital Management will post 1.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.24%. The ex-dividend date was Thursday, December 28th. Annaly Capital Management’s dividend payout ratio is presently 90.23%.

In other Annaly Capital Management news, Chairman Wellington Denahan purchased 125,280 shares of Annaly Capital Management stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of $11.97 per share, with a total value of $1,499,601.60. Following the transaction, the chairman now owns 1,798,414 shares of the company’s stock, valued at approximately $21,527,015.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Glenn Votek purchased 25,000 shares of Annaly Capital Management stock in a transaction on Friday, December 1st. The shares were acquired at an average cost of $11.73 per share, with a total value of $293,250.00. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. APG Asset Management N.V. increased its holdings in shares of Annaly Capital Management by 70.0% during the 3rd quarter. APG Asset Management N.V. now owns 26,906,060 shares of the real estate investment trust’s stock valued at $327,985,000 after purchasing an additional 11,082,900 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Annaly Capital Management by 136.1% during the 3rd quarter. Janus Henderson Group PLC now owns 7,528,679 shares of the real estate investment trust’s stock valued at $91,774,000 after purchasing an additional 4,340,397 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Annaly Capital Management by 4.0% during the 4th quarter. BlackRock Inc. now owns 98,105,683 shares of the real estate investment trust’s stock valued at $1,166,474,000 after purchasing an additional 3,747,677 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Annaly Capital Management by 35.6% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 11,358,849 shares of the real estate investment trust’s stock valued at $138,464,000 after purchasing an additional 2,982,700 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Annaly Capital Management by 60.2% during the 4th quarter. Two Sigma Investments LP now owns 6,648,487 shares of the real estate investment trust’s stock valued at $79,051,000 after purchasing an additional 2,497,786 shares in the last quarter. 55.49% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Annaly Capital Management, Inc. (NLY) Receives $11.62 Average Price Target from Brokerages” was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.thelincolnianonline.com/2018/02/24/annaly-capital-management-inc-nly-receives-11-62-average-price-target-from-brokerages.html.

Annaly Capital Management Company Profile

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.

Receive News & Ratings for Annaly Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Annaly Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply