Annaly Capital Management’s (NLY) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities restated their market perform rating on shares of Annaly Capital Management (NYSE:NLY) in a research report report published on Thursday morning,Benzinga reports.

Other equities analysts have also issued reports about the company. Barclays began coverage on Annaly Capital Management in a report on Monday, January 6th. They set an “equal weight” rating and a $19.00 target price on the stock. Argus upgraded Annaly Capital Management from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price target on Annaly Capital Management from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Annaly Capital Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.11.

Annaly Capital Management Stock Performance

Shares of NYSE NLY opened at $19.49 on Thursday. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of -278.39 and a beta of 1.51. The business has a 50 day simple moving average of $19.25 and a 200 day simple moving average of $19.70. Annaly Capital Management has a 52 week low of $17.67 and a 52 week high of $21.11.

Annaly Capital Management (NYSE:NLY) last announced its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $212.00 million. Annaly Capital Management had a return on equity of 14.75% and a net margin of 2.59%. During the same quarter last year, the company earned $0.66 EPS. On average, analysts predict that Annaly Capital Management will post 2.65 EPS for the current year.

Annaly Capital Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 13.34%. The ex-dividend date is Tuesday, December 31st. Annaly Capital Management’s dividend payout ratio (DPR) is presently -3,714.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Armstrong Advisory Group Inc. increased its stake in Annaly Capital Management by 6.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 9,121 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 562 shares during the period. Fermata Advisors LLC grew its holdings in shares of Annaly Capital Management by 3.2% during the 4th quarter. Fermata Advisors LLC now owns 18,022 shares of the real estate investment trust’s stock worth $330,000 after purchasing an additional 563 shares in the last quarter. Toth Financial Advisory Corp increased its position in shares of Annaly Capital Management by 31.8% during the third quarter. Toth Financial Advisory Corp now owns 2,390 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 576 shares during the period. Wesbanco Bank Inc. raised its stake in shares of Annaly Capital Management by 2.8% in the third quarter. Wesbanco Bank Inc. now owns 21,314 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 584 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its position in Annaly Capital Management by 2.0% in the fourth quarter. KG&L Capital Management LLC now owns 30,648 shares of the real estate investment trust’s stock worth $561,000 after purchasing an additional 600 shares during the period. Institutional investors own 51.56% of the company’s stock.

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.