Annaly Capital Management, Inc. (NYSE:NLY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $21.22.

Several brokerages recently issued reports on NLY. JPMorgan Chase & Co. reduced their price objective on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Barclays assumed coverage on Annaly Capital Management in a research note on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, October 31st. Royal Bank of Canada upped their price target on Annaly Capital Management from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Annaly Capital Management in a research report on Thursday, January 23rd.

Annaly Capital Management Trading Up 0.3 %

Shares of Annaly Capital Management stock opened at $19.91 on Friday. The stock has a fifty day simple moving average of $19.25 and a 200 day simple moving average of $19.70. Annaly Capital Management has a 12-month low of $17.67 and a 12-month high of $21.11. The company has a market capitalization of $11.16 billion, a P/E ratio of -284.40 and a beta of 1.51.

Annaly Capital Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 13.06%. Annaly Capital Management’s dividend payout ratio (DPR) is -3,714.29%.

Institutional Trading of Annaly Capital Management

Several institutional investors and hedge funds have recently modified their holdings of NLY. Envestnet Asset Management Inc. increased its position in shares of Annaly Capital Management by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 258,817 shares of the real estate investment trust’s stock valued at $4,933,000 after purchasing an additional 18,599 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Annaly Capital Management by 6.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,058 shares of the real estate investment trust’s stock valued at $668,000 after purchasing an additional 2,010 shares during the last quarter. Sei Investments Co. increased its position in shares of Annaly Capital Management by 13.0% during the 2nd quarter. Sei Investments Co. now owns 875,593 shares of the real estate investment trust’s stock valued at $16,688,000 after purchasing an additional 100,940 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Annaly Capital Management by 88.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 284,929 shares of the real estate investment trust’s stock valued at $5,431,000 after purchasing an additional 133,429 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Annaly Capital Management by 38.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 16,778 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 4,644 shares during the last quarter. Hedge funds and other institutional investors own 51.56% of the company’s stock.

Annaly Capital Management Company Profile

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.