Analysts Set Annaly Capital Management, Inc. (NYSE:NLY) Price Target at $21.07

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $21.07.

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated an “outperform” rating and set a $21.50 target price on shares of Annaly Capital Management in a research report on Wednesday, March 27th. JMP Securities reiterated a “market perform” rating on shares of Annaly Capital Management in a report on Thursday, April 18th. StockNews.com upgraded Annaly Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, January 27th. Compass Point assumed coverage on Annaly Capital Management in a report on Tuesday, April 2nd. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Annaly Capital Management in a report on Monday, February 12th.

Insider Buying and Selling at Annaly Capital Management

In other news, CEO David L. Finkelstein sold 50,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $19.03, for a total transaction of $951,500.00. Following the completion of the transaction, the chief executive officer now directly owns 662,469 shares of the company’s stock, valued at $12,606,785.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Selway Asset Management acquired a new position in Annaly Capital Management during the third quarter valued at approximately $26,000. Core Wealth Advisors Inc. boosted its position in Annaly Capital Management by 222.2% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,450 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Rise Advisors LLC acquired a new position in Annaly Capital Management during the first quarter valued at approximately $29,000. GAMMA Investing LLC acquired a new position in Annaly Capital Management during the fourth quarter valued at approximately $33,000. Finally, First United Bank & Trust acquired a new position in Annaly Capital Management during the fourth quarter valued at approximately $33,000. 51.56% of the stock is owned by institutional investors and hedge funds.

Annaly Capital Management Price Performance

Annaly Capital Management stock opened at $18.88 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $9.45 billion, a P/E ratio of -19.46 and a beta of 1.54. The business’s fifty day moving average is $19.11 and its two-hundred day moving average is $18.62. Annaly Capital Management has a 52 week low of $14.52 and a 52 week high of $21.07.

Annaly Capital Management (NYSE:NLY) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.64 EPS for the quarter, hitting analysts’ consensus estimates of $0.64. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $320.00 million. Annaly Capital Management had a positive return on equity of 15.20% and a negative net margin of 8.38%. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Equities research analysts forecast that Annaly Capital Management will post 2.57 earnings per share for the current fiscal year.

Annaly Capital Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.60 dividend on an annualized basis and a yield of 13.77%. Annaly Capital Management’s payout ratio is -268.04%.

About Annaly Capital Management

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.