Analysts Set Annaly Capital Management Inc (NYSE:NLY) PT at $24.22

Annaly Capital Management Inc (NYSE:NLY) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.2222.

NLY has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a research note on Wednesday, January 21st. Royal Bank Of Canada upped their target price on shares of Annaly Capital Management from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. UBS Group restated a “neutral” rating and set a $23.00 price objective (up from $22.50) on shares of Annaly Capital Management in a research report on Friday, April 24th. Keefe, Bruyette & Woods upped their target price on shares of Annaly Capital Management from $23.25 to $25.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Wall Street Zen raised shares of Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd.

Insider Activity

In other news, COO Steven Francis Campbell sold 26,491 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $22.83, for a total value of $604,789.53. Following the transaction, the chief operating officer owned 178,000 shares of the company’s stock, valued at $4,063,740. The trade was a 12.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Serena Wolfe sold 16,536 shares of Annaly Capital Management stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $23.14, for a total transaction of $382,643.04. Following the completion of the sale, the chief financial officer owned 173,081 shares of the company’s stock, valued at $4,005,094.34. This trade represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,252 shares of company stock valued at $1,639,995 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Institutional Trading of Annaly Capital Management

A number of institutional investors have recently bought and sold shares of the stock. Koshinski Asset Management Inc. boosted its stake in Annaly Capital Management by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 24,513 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 463 shares in the last quarter. ProShare Advisors LLC boosted its stake in Annaly Capital Management by 1.8% in the 3rd quarter. ProShare Advisors LLC now owns 27,309 shares of the real estate investment trust’s stock worth $552,000 after purchasing an additional 481 shares in the last quarter. Quadcap Wealth Management LLC boosted its stake in Annaly Capital Management by 2.3% in the 1st quarter. Quadcap Wealth Management LLC now owns 21,889 shares of the real estate investment trust’s stock worth $463,000 after purchasing an additional 495 shares in the last quarter. MCF Advisors LLC boosted its stake in Annaly Capital Management by 41.6% in the 3rd quarter. MCF Advisors LLC now owns 1,688 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares in the last quarter. Finally, Fourth Dimension Wealth LLC lifted its stake in Annaly Capital Management by 76.9% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 500 shares during the period. 51.56% of the stock is currently owned by institutional investors and hedge funds.

Annaly Capital Management Stock Performance

Shares of NLY opened at $21.57 on Thursday. The stock has a market cap of $15.81 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 6.62 and a beta of 1.20. Annaly Capital Management has a fifty-two week low of $18.43 and a fifty-two week high of $24.52. The firm’s 50-day simple moving average is $22.03 and its two-hundred day simple moving average is $22.48.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings data on Tuesday, April 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $341.56 million for the quarter, compared to analysts’ expectations of $595.27 million. Annaly Capital Management had a net margin of 34.33% and a return on equity of 15.92%. Equities research analysts predict that Annaly Capital Management will post 2.98 EPS for the current year.

Annaly Capital Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.80 annualized dividend and a yield of 13.0%. Annaly Capital Management’s dividend payout ratio (DPR) is 94.59%.

Annaly Capital Management Company Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.